FOR IMMEDIATE RELEASE
June 29, 2022
William Pierre-Louis, Jr.
AFR Criticizes U.S. Chamber’s Attack on CFPB
WASHINGTON-D.C. — Americans for Financial Reform, a broad coalition of groups supporting a strong Consumer Financial Protection Bureau, today criticized the attack on this agency by the U.S. Chamber of Commerce.
“The irony of the U.S. Chamber of Commerce, which has numerous corporate lawbreakers among its members, complaining about a government agency busting corporate lawbreakers is almost too thick for words., said Elyse Hicks, consumer policy counsel at Americans for Financial Reform. “The Consumer Financial Protection Bureau, under the leadership of Rohit Chopra, has returned to its correct role as a regulator, on overdrafts, medical debt, lending discrimination, credit card fees, and many other issues, in addition to rebuilding an agency that Trump appointees did their best to destroy.
“Complaints from the Chamber – and banking trade associations – about CFPB enforcement of anti-discrimination rules on financial products are particularly shameful. Wall Street professes a commitment to fighting racism in their public relations, but fights back when anyone tries to make them live up to their words, and hide behind their powerful Washington lobbying groups when they do it.”