US Rep Likens Consumer Financial Protection Bureau to ‘Tyranny’
<p>The United States Consumer Financial Protection Bureau has come under increasing fire from Republican lawmakers who now have the Trump administration to back their efforts.</p>
<p>Long-time critic Rep. Jeb Hensarling, R-Texas, who chairs the U.S. House of Representatives Financial Services Committee, compared the bureau to a tyranny in a recent interview with The Dallas Morning News.<br />
Hensarling reportedly is preparing a new version of the Financial Choice Act -- the Republican-led effort to repeal and replace the 2010 Dodd-Frank Act -- that would include CFPB reforms.</p>
