Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Consumer Protection topic
No spam. Unsubscribe anytime.
Chair stresses consumer protection and legal limits in introduction of CFPB nominee Johnson
Summary
The Chair introduced Mister Johnson as the nominee to lead the Consumer Financial Protection Bureau, saying the nominee must protect consumers while keeping the bureau focused on its mission and operating within the law.
The Chair introduced Mister Johnson as the nominee to lead the Consumer Financial Protection Bureau and said, "If confirmed, you will be responsible for protecting consumers while keeping the bureau focused on its mission and within the law." The Chair framed the role as balancing consumer protection with legal constraints and predictable rules for families and businesses.
The Chair added that families and businesses deserve clear rules, fair treatment, and access to affordable financial products, and said the committee will evaluate the nominee's record to determine whether to move the nomination forward. The committee's consideration will include oversight responsibilities to ensure the bureau remains within statutory limits.
