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Russell Vought: “It focuses on actual victims identifiable harm that has…”

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 01:41

We know that an unclear direction simply just causes people to say no on their lending. Well, I think we took a long time to work on our supervisory and enforcement guidelines. We're very proud of them. It focuses on actual victims identifiable harm that has material and measurable damages. Yeah, but wouldn't the fishing expeditions of Rohit Chopra do the same thing? Yes, and so my view would be to turn those into law. (01:41–01:50)

CLAIM

Asserts that the guidelines focus on identifiable harm with material and measurable damages.

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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“When you have a new administration, they put the previous documents, press releases into an archived version of the website.”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
“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
“CFPB has way too much authority with regard to our ability to look at the law.”
'Major Reforms Are Needed': Bill Huizenga Asks Russell Vought About Lack Of Oversight At CFPB | Uploaded July 19, 2026 | 04:56-05:01