Rep. Ellison Statement on Fifth Anniversary of Consumer Financial Protection Bureau
Washington – Rep. Keith Ellison released the following statement on the fifth anniversary of the Consumer Financial Protection Bureau:
“For the past five years, millions of Americans have had an ally protecting their mortgages, their paychecks, and their future: the Consumer Financial Protection Bureau. The CFPB is the only federal agency dedicated to ensuring that mortgages, car loans, small dollar loans, payroll cards, and credit cards are fair and affordable.
“Since it was created, the CFPB has returned almost $12 billion to more than 27 million Americans, and protected millions more from predatory lending and fraud. The CFPB fights everyday so companies that overcharge and cheat consumers don’t get away with it.
“The American people need someone to go to bat for them – the 2008 financial crisis proves that. I’m glad we have the CFPB defending hardworking people and their wallets.
“Happy 5th birthday, CFPB.”