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Russell Vought: “We reached out to Bilt when we felt that they were not…”

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 03:23

Well, one of the things that we do is 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 news. We reached out to Bilt when we felt that they were not making payments on behalf of the as a new credit card. We ensured that they were going to then work to fix the problem. They were working to fix the problem and there's examples like that. (03:23–03:31)

CLAIM

Asserts that the CFPB intervened with Bilt regarding payment issues with a new credit card.

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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“When you have a new administration, they put the previous documents, press releases into an archived version of the website.”
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“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…”
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“We took a long time to work on our supervisory and enforcement guidelines.”
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“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.”
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“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
“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