Statement from Senator Warren on New Lawsuit from States Challenging Russ Vought’s Fringe Attempt to Starve CFPB of Funding
21 States and DC Challenge Illegal Attempt to Shut Down CFPB and Consumer Complaint Database
Washington, DC – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of Senate Committee on Banking, Housing, and Urban Affairs, released the following statement on a new lawsuit filed by 21 states and the District of Columbia challenging the Trump Administration’s latest illegal attempt to shut down the CFPB:
“The Trump Administration’s latest illegal attempt to shut down the Consumer Financial Protection Bureau will hurt families in every state across the country – and now states are fighting back. Today’s new lawsuit underscores how illegally starving the agency of funding would turn off the consumer complaint database that has helped millions of Americans at the end of their rope after getting scammed. If courts uphold the law, they’ll reject this attempt to sideline the financial cop on the beat that has returned more than $21 billion directly to Americans cheated by big banks or giant corporations.”
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