Rep. Ted Budd Helps Introduce Repeal CFPB Act

Washington, D.C. – Rep. Ted Budd has helped introduce H.R. 6409, the Repeal CFPB Act, which would eliminate the Consumer Financial Protection Bureau. The bill was led by Rep. Byron Donalds (R-FL).

Rep. Budd said in a statement:

“The CFPB has been a textbook example of a federal agency that routinely overreaches it’s authority and completely lacks accountability. Its current director believes in regulation by enforcement, where Congress is cut out of the rulemaking process and businesses are at the mercy of unelected bureaucrats and liberal judges. The federal government can better protect consumers without the out-of-control CFPB.”

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