It was a damn good idea. And you know how I know that? Because this is one we actually want on. We actually got it turned into law. And here's the deal. In roughly a dozen years of operation, [the CFPB] has uncovered about $21 billion in fraud. And it didn't just uncover it and say, oh, fraud. It actually made those fraudsters return the money directly to the people who got cheated. Roughly around $18 billion. (42:43–42:51)
CLAIM
Asserts that the Consumer Financial Protection Bureau has uncovered about $21 billion in fraud.
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