Florida Banking September 2021

THE BUREAU IS CONSTANTLY BEING USED AS A POLITICAL FOOTBALL AND ITS DIRECTOR WIELDS SO MUCH POWER THAT THE SUPREME COURT GRAPPLED WITH WHETHER THE POSITION WAS EVEN CONSTITUTIONAL.

requires banks to compile, maintain, and submit even more data to the CFPB. There have also been very concerning reports that the CFPB has used threatening tactics and started investigations into senior career staff in order to remove them from the Bureau due to their political affiliation. This could potentially violate the Civil Service Reform Act. The need for a bipartisan commission at the CFPB has never been clearer, and I will continue working to get my legislation passed to create order at the CFPB and allow it to function as it was designed to. In the

meantime, please continue to keep in touch with my office and let us know where we can help.

U.S. Congressman Blaine Luetkemeyer proudly represents Missouri’s 3rd Congressional District and has served in the U.S. House of Representatives since 2009. He is a member of the House Financial Services Committee and is the Ranking Member on the Subcommittee on Consumer Protection and Financial Institutions.

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