Leader Schumer Statement On Senate Democrats’ Successful Fight To Prevent GOP Crusade To Totally Eliminate CFPB In The “Big, Ugly Betrayal”

New York, N.Y. – Today, Senate Democratic Leader Chuck Schumer (D-NY) released the following statement after provisions in the Republicans’ reconciliation bill, including one that would have eliminated the CFPB, were deemed in violation of the Senate’s rules for reconciliation: 

“Senate Republicans just tried to eliminate the Consumer Financial Protection Bureau — and Senate Democrats stopped them.

“Senate Democrats stood up for common sense and for the millions of Americans who rely on strong consumer protections. We’re not done — and we’ll keep fighting this “Big, Beautiful Betrayal” like hell to protect American families, not billionaires and big corporations.

“Let’s be clear: the CFPB has returned over $21 billion to American consumers by holding big banks and predatory lenders accountable. Republicans’ attempt to gut it was nothing more than a gift to the wealthy and well-connected, at the expense of working families.”

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