It's not to say that there aren't regulations that have gone off the rails, that there aren't regulations that are a problem, but look at both halves of it. The Consumer Financial Protection Bureau delivered until Russ Vogt got a hold of it, over a billion dollars a year to people who got cheated. And, yeah, that's about regulations. Regulations that say you don't get to build your profit model around Lying to people. You don't get to build your profit model around tricking them about what they signed onto. (37:00–37:13)
CLAIM
Asserts that the CFPB returned over a billion dollars annually to defrauded consumers before Russ Vogt's involvement.
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.
