Senator David Perdue: CFPB’s Wild Goose Chase Should End Immediately
WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Banking Committee, on undoing the Consumer Financial Protection Bureau’s (CFPB) auto-lending regulation:
“Yet again, the unaccountable CFPB is abusing its access to consumer data. In its most recent act of incompetence, the CFPB is actually trying to infer race from a race-blind application. The CFPB’s wild goose chase over auto loan discrimination should never have been allowed by the previous Director and it should end immediately.”
Senator Perdue is leading the effort to make the bureau accountable to the American people by bringing the agency under the Congressional appropriations process.
Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.
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