Senate Bill introduced to rein in CFPB overreach

Senate Bill introduced to rein in CFPB overreach

NAFCU-supported bill requiring cost-benefit analysis of CFPB regs introduced in the Senate

Sens. John Kennedy, R-La., Cynthia Lummis, R-Wyo., Tim Scott, R-S.C., and Bill Hagerty, R-Tenn., Wednesday introduced the NAFCU-supported Transparency in CFPB Cost-Benefit Analysis Act. The legislation would help ensure the CFPB does not establish regulations that would result in unreasonable costs or harms to taxpayers, financial entities, or consumers.

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Senate Bill introduced to rein in CFPB overreach – NAFCUCFPB

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