WASHINGTON, Dec. 18 -- Sen. Ruben Gallego issued the following press release:
Senator Ruben Gallego (D-AZ) and his Democratic colleagues filed a bicameral amicus brief challenging Consumer Financial Protection Bureau (CFPB) Acting Director Russell Vought's latest attempt to dismantle the agency. Acting Director Vought is relying on a fringe legal theory that has been widely rejected by multiple federal courts (https://senate.us14.list-manage.com/track/click?u=239475b0dda40486ab60cbc84&id=396fb73c9d&e=8a70c8b936) and former Fed officials to illegally deny funding to the agency that protects American families from predatory lenders, abusive debt collectors, and financial scams. The lawmakers were joined by former lawmakers Chris Dodd (D-CT) ...