Chairman Tim Scott to Acting CFPB Director Russ Vought: It's a New Day at CFPB, Relief for Consumers
U.S. Senate Banking Committee · July 16, 2026
The chair of the U.S. Senate Banking Committee opened a hearing to receive testimony from acting CFPB Director Russ Vogt on the agency's semiannual report, framing the agency's recent shift toward narrower authority, criticizing prior rulemaking from the Biden-era CFPB, and arguing that price controls risk reducing consumer access to financial products.
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