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Obama Set to Visit CFPB Mired in Controversy
Washington,
October 17, 2014 -
A spokesperson for the House Financial Services Committee made the following statement regarding President Obama’s decision to visit the temporary headquarters of the CFPB today:
“It’s pretty bold for President Obama to visit an agency mired in controversy over employee discrimination that’s also leasing office space in a building owned by an Obama bundler while its Washington headquarters undergoes a $216 million renovation – waterfall and all. Millions of Americans are struggling in this economy, and the CFPB and Dodd-Frank make that struggle more difficult. It’s now harder for low and moderate-income Americans to buy a home, services like free checking are being eliminated, credit card fees are going up and fewer low-income Americans can afford to access traditional banking services. The intended beneficiaries of Dodd-Frank and the CFPB are worse off. Dodd-Frank has proved to be the financial equivalent of Obamacare.”
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