June 12, 2017

Statement from Senator Elizabeth Warren on Treasury Department Recommendations to Weaken CFPB, Financial Reforms

Washington, D.C. - U.S. Senator Elizabeth Warren released the following statement today, in response to a new report from the U.S. Treasury Department recommending a weakening of the Consumer Financial Protection Bureau and rollbacks of key Dodd-Frank reforms:‎

"This report calls for radical changes that would make it easier for big banks to cheat their customers and spark another financial meltdown.  It comes as no surprise that Donald Trump and Steven Mnuchin - two men who were deeply involved in companies that cheated thousands of customers - would want to gut the agency that's held cheaters accountable and returned more than $12 billion to consumers, but Democrats aren't buying the Trump-Mnuchin financial deregulation plan."