GOP’s CHOICE Act a Dangerous Step Backward
GOP’s CHOICE Act a dangerous step backward
In 2008, our country witnessed the most devastating financial crises since the Great Depression. As a result, millions lost their jobs, watched their 401k’s and retirement savings diminish, and lost their homes. After months of hearings and contentious debate in Congress, I proudly voted for and President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.
One of the highlights of this law was the creation of the Consumer Financial Protection Bureau (CFPB), a consumer watchdog housed in the Federal Reserve devoted to protecting Americans from unfair and abusive financial practices. The CFPB was created …