11.15.17

Senator David Perdue Statement On Future Of Consumer Financial Protection Bureau

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Banking Committee, commented on the resignation of Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB):

“If we can’t immediately eliminate the CFPB or bring it under Congressional oversight, we need someone to take the helm who will help undo the damage that’s already been done.”

Senator Perdue is leading the effort in the Senate to hold the CFPB accountable, protect consumers’ personal information, and void the bureau’s regulatory overreaches. Even the liberal-leaning DC Circuit Court ruled the CFPB is unconstitutionally structured and recommended giving more of the bureau’s powers to the president.

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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.