Rep. Doug LaMalfa: Consumer Protection Bureau Most Unaccountable Agency in US History

Doug LaMalfa

Dodd-Frank was supposed to help lift up our economy; instead, what we got was the slowest, weakest recovery in 70 years. It was supposed to end taxpayer-funded bailouts; instead, it enshrined, permanently, Wall Street bailouts into law. It was supposed to make the financial system safer; instead, big banks got even bigger, and we have one less community bank or credit union every day. It was supposed to protect consumers; instead, higher bank fees, more expensive mortgages, fewer choices, and the most unaccountable government agency in the history of the Republic, the CFPB.

—Rep. Doug LaMalfa (R–CA)

Giving Consumers a Financial Choice, House Floor, May 18, 2017

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