FOR IMMEDIATE RELEASE

Jan. 9, 2020

CONTACT:
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 251-6700

New CFPB Task Force Runs Counter to Agency Mission

The CFPB today announced a new “Taskforce on Federal Consumer Financial Law.” Here is our statement

“The CFPB is dropping the ball on enforcing and drafting federal rules to actually protect the public from rip offs and discrimination in lending,” said Linda Jun, senior policy counsel at Americans for Financial Reform Education Fund. “Creating and hiring a new task force stacked with industry representatives and ideological opponents of regulation is one more move that runs directly counter to the CFPB’s basic mission.”

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