[Congressional Record Volume 165, Number 106 (Monday, June 24, 2019)]
[House]
[Page H5072]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ENSURING AMERICANS GET A FAIR OPPORTUNITY TO SUCCEED
(Ms. WILD asked and was given permission to address the House for 1
minute and to revise and extend her remarks.)
Ms. WILD. Mr. Speaker, under President Obama, the Consumer Financial
Protection Bureau was created and tasked with implementing critical
protections for the American people. That work continues to be
important today, and I urge the CFPB to maintain the safeguards that
were put in place to ensure that Americans get a fair opportunity to
succeed.
Protecting military families and others from predatory lending is not
a partisan issue. Making sure that banks are not targeting students
from working and middle-class backgrounds with excessive fees is not a
partisan issue. Looking out for senior citizens, who are
disproportionately vulnerable to scams is not a partisan issue.
Countering fraud and abuse isn't just morally right, it is also an
economic imperative. We cannot forget the lessons of the Great
Recession about what happens when we let fraudulent and predatory
practices run rampant across our economy. We all lose.
The House recently passed H.R. 1500, which would reverse recent
changes that have weakened the agency's ability to carry out its work.
Now the Senate needs to hold its vote on this bill.
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