Congress established the CFPB 15 years ago to protect Americans from fraud, from getting ripped off by banks and credit card companies, financial institutions. And Today's Republican led resolution weakens the CFPB's ability to protect consumers. as part of a broader effort by the administration to shut down consumer protections entirely. Now, let's take a minute to go back in time to the time before the CFPB existed, right before the 2008 financial meltdown. (00:21–00:30)
CLAIM
Asserts that a current Republican-led resolution weakens the CFPB's consumer protection capabilities.
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.
