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Russell Vought: “CFPB has way too much authority with regard to our ability…”

Featuring: Russell Vought, Director, U.S. Office of Management and Budget | National

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

Published July 19, 2026 | Video Starts at 04:56

… hearing the legislative process on reforms so that you can further spell out what should be a larger participant. For example. Those are the types of things that I think CFPB has way too much authority with regard to our ability to look at the law. Clarity. I think there needs to be clarity, transparency and understanding and predictability. That's what you need to be doing. I yield back. (04:56–05:01)

CLAIM

Asserts that the CFPB currently has excessive authority in interpreting the law.

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Russell Vought

“When you have a new administration, they put the previous documents, press releases into an archived version of the website.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 00:33-00:41
“If people want to go back and look at what we think are flawed guidance documents from the Chopra directorship, it's all there under…”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 00:45-00:55
“We took a long time to work on our supervisory and enforcement guidelines.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 01:36-01:41
“It focuses on actual victims identifiable harm that has material and measurable damages.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 01:41-01:50
“My view would be to turn those [supervisory and enforcement guidelines] into law.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 01:54-01:57
“We reach out early and often if we see something that's either predominate in the customer complaint portal or if we are seeing it in the…”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 03:15-03:24
“We reached out to Bilt when we felt that they were not making payments on behalf of the as a new credit card.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 03:23-03:31
“If you can write into the law the notion that we're after self reporting, we're after remediation and reconciliation, that that is better…”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 03:47-03:58
“We don't want to go beyond the authority that you've given us.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 04:37-04:41