Ratcliffe/Cruz Bill Would Eliminate the CFPB

by Jeff Sovern

Here is the full text of the House bill:

The Consumer Financial Protection Act of 2010 is hereby repealed and the provisions of law amended or repealed by such Act are restored or revived as if such Act had not been enacted.

The Senate bill is here.  At least it has the virtue of brevity.  I wonder what would happen to the CFPB's regs and pending enforcement actions. 



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