While few senators attended the Senate Banking Committee’shearing on the effects of consumer finance regulations, SenateDemocrats blasted Senate Republicans for trying to kneecap the CFPBand questioned one witness’ judgement about the agency at Tuesday’sevent.
During his opening statement, ranking member Sherrod Brown(D-Ohio), chided the committee’s Republicans for having forgottenthe recent financial crisis and the reasons why the CFPB was developed. He told committee members to resist thecollective amnesia in the hearing room and in Congress.
“I continue to be troubled by Republicans trying to underminethe CFPB,” he said.
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