In response to reports that Trump and Mulvaney’s CFPB has not recorded a single enforcement action against banks, credit card companies, debt collectors or finance companies, DNC spokesperson Daniel Wessel released the following statement:
“The Trump administration continues to prioritize Wall Street and big corporations over American consumers. Since taking control of the CFPB, Trump and Mulvaney have not taken a single enforcement action against banks, credit card companies, debt collectors or finance companies. Not a single one. It’s abundantly clear that Trump and Mulvaney have abandoned the consumers they are supposed to protect, in favor of special interests and bad actors.
“While the Trump administration has left consumers vulnerable, under President Obama the CFPB issued several enforcement actions a month and extracted billions dollars on behalf of American consumers. This is the kind of leadership Americans need, and Democrats will continue to fight to ensure that all Americans are treated fairly and issued the protections they deserve.”
