For Immediate Release
People’s Action Institute Disappointed by Desperate Judicial Attack On CFPB’s Watchdog Authority
WASHINGTON - The U.S. Court of Appeals for the D.C. Circuit ruled today against the Consumer Financial Protection Bureau in a case brought by the mortgage company PHH Corp. Liz Ryan Murray, policy director for People’s Action Institute, issued the following statement in response:
“Today, the D.C. Circuit Court joined the assault on the CFPB that conservatives in Congress have been waging since the creation of the independent watchdog agency. This is another desperate attempt to undermine an agency that has returned billions of ill-gotten gains back to families. The CFPB is fulfilling their chartered mandate just a little too well for predatory lenders, shady bankers and abusive debt collectors. Congress needs to remember who they work for – and it’s not Wells Fargo.”
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.
Please select a donation method: