Sen. Ted Cruz introduces bill to abolish CFPB | 2015-07-22 | HousingWire

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The Consumer Financial Protection Bureau, which celebrated its fourth birthday earlier this week, won’t see its fifth birthday if Sen. Ted Cruz, R-TX, has his way. Cruz, along with Rep. John Ratcliffe, R-TX, introduced a bill in Congress this week that would abolish the CFPB, an agency that Cruz says does not stand up to its name. “Don’t let the name fool you, the Consumer Financial Protection Bureau does little to protect consumer,” Cruz said in a release. “The agency continues to grow in power . . .

Source: Sen. Ted Cruz introduces bill to abolish CFPB | 2015-07-22 | HousingWire