Discover video-sourced quotes by politicians

Bill Huizenga: “I've introduced the Bureau of Consumer Financial Protection…”

Featuring: Bill Huizenga, Republican | U.S. House Michigan, District 4

'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB

Published July 19, 2026 | Video Starts at 02:38

Some stakeholders have argued that CFPB's approach lacks incentives for self reporting, which may actually reduce transparency and slow corrective actions. And I think, frankly, major reforms are needed for that reason. I've introduced the Bureau of Consumer Financial Protection Commission act to reform the CFPB structure from a single director to a bipartisan commission of five members making it more accountable, consistent, transparent and trustworthy. And frankly this has been discussed for many, many years. It was a good idea then, it's a good idea now. (02:38–02:54)

CLAIM

Asserts that Bill Huizenga introduced an act to reform the CFPB structure to a bipartisan commission.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

Discover more from

Bill Huizenga

“You talked about the $360 billion in regulatory costs to consumers.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 01:22-01:27
“The CFPB should ensure it meets the statutory objective of protecting consumers from genuine misconduct while also ensuring that its…”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 01:06-01:23
“Some stakeholders have argued that CFPB's approach lacks incentives for self-reporting, which may actually reduce transparency and slow…”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 02:26-02:35
“Given the 2024 Supreme Court ruling on Loper Bright, how is the CFPB approaching the exercise of its statutory authority?”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 04:10-04:21