Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks
Democrats will force 20 disapproval votes as the bureau says it has rescinded 67 policies under acting director Russell Vought.
- On Wednesday, Senate Democrats led by Massachusetts Sen. Elizabeth Warren forced three rollcall votes targeting Trump administration rollbacks of Consumer Financial Protection Bureau rules on overdraft fees, debt collection, and other protections.
- Acting Director Russell Vought has rescinded 67 policies since the Trump administration took over the CFPB in February 2025, stating his goal is to effectively dismantle the agency.
- The CFPB returned $17.5 billion to consumers and imposed $4 billion in fines by 2024, while a March survey found more than 8 in 10 Americans, including majorities of Republicans, support the agency's regulatory role.
- Each resolution failed largely along party lines, including one defeated 47-53, while the votes target vulnerable GOP senators including Susan Collins of Maine, Dan Sullivan of Alaska, and John Cornyn of Texas in an election year.
- Democrats employed the 1996 Congressional Review Act, mirroring a pattern where Republicans previously overturned Obama-era rules using the same mechanism, though none of Wednesday's resolutions is expected to pass the Senate.
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Senate Republicans Block Democratic Effort to Reverse Trump Consumer Protection Rollbacks
Senate Republicans on Wednesday defeated a series of Democratic-led resolutions aimed at restoring consumer protection policies that were rolled back under President Donald Trump’s administration. The post Senate Republicans Block Democratic Effort to Reverse Trump Consumer Protection Rollbacks first appeared on [your]NEWS.
Senate Democrats Plan to Force Votes on Consumer Financial Protection ...
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