Sen. Elizabeth Warren (D-Mass.) vowed to oppose any changes that restrain the CFPB.
“I want to be clear about regulatory changes,” Warren said in a speech at CUNA's GAC.
“If credit unions and community banks can show me regulations of supervisory practices that are unnecessary, then I'm ready to work together to find a better approach. But I will not support changes that hamstring the CFPB, and I will not go back to a world where big financial institutions can make billions of dollars by cheating their customers,” she added.
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