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Republicans air CFPB grievances, jockey for changes at agency

Summary by bankingdive.com
Rep. Andy Barr, R-KY, called the bureau an “Orwellian predator,” at a hearing where several lawmakers proposed reforms, including making the bureau a five-member commission.

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paymentsdive.compaymentsdive.com
Center

Republicans air CFPB grievances, jockey for agency change

Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.

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bankingdive.combankingdive.com
Center

Republicans air CFPB grievances, jockey for changes at agency

Rep. Andy Barr, R-KY, called the bureau an “Orwellian predator,” at a hearing where several lawmakers proposed reforms, including making the bureau a five-member commission.

Read Full Article
PYMNTS.comPYMNTS.com

House Hearing on CFPB Blasts Agency’s Structure and Claims Regulatory Overreach

The House hearing on the CFPB drew critics of the funding structure and rulemaking, while defenders warned about protecting consumers.

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American BankerAmerican Banker

Republicans lay out vision for revamped CFPB under Trump

Rep. Andy Barr, R-Ky., who chairs the House Financial Services Subcommittee on Financial Institutions, called the CFPB under the Biden administration and former Director Rohit Chopra an "Orwellian predator."

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bankingdive.com broke the news in on Wednesday, March 26, 2025.
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