Issue Position: Consumer Financial Protection Bureau (CFPB)
Issue Position
Issues: Finance and Banking
In 2010, Congress passed the Wall Street Reform and Consumer Protection Act. This bill created the Consumer Financial Protection Bureau which has authority over a vast array of financial activities including mortgages, credit cards, loan servicing and other financial service areas. Congressman Matheson supported the legislation. At the same time, he is committed and working to ensure that the CFPB is effective and avoids duplicative functions and over-regulation, while focusing oversight on what is most helpful to both consumers and financial institutions in precarious economic times.
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