Consumer Finance Protection Bureau, CFPB Quotes
The Consumer Finance Protection Bureau was established over much Conservative opposition in the reforms that were established in the wake of the Meltdown of 2008 and the Great Recession. And the Republican Party was critical of everything that it did. The issue of whether or not the Federal government should even have a role in consumer protection was been debated for over a century. This quotation is very ironic in that the first major federal legislation to assist American consumers was pushed though by Republican President Theodore Roosevelt. Over 100 years later, it was the Republican Party that fought to weaken or eliminate Federal efforts. Ryan, the Republican legislative leader, led the effort. Ironically, most businesses agreed with him about the micromanagement as it was they who had to change their modes of operation to comply with CFPB regulation, but the vast majority of consumers did not feel that they were being micromanaged although many agreed that the companies interacting with consumers were certainly being managed much more tightly.
