Westerman Statement on S.J.Res. 57

May 8, 2018
Press Release

WASHINGTON – Congressman Bruce Westerman issued the following statement upon passing Tuesday (May 8) of S.J.Res. 57, a bill providing for congressional disapproval of the Bureau of Consumer Financial Protection relating to “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act”:

“Actions by the Consumer Financial Protection Bureau have done everything but protect the consumer,” Westerman said. “The result has been more expensive financial products and less protection for consumers. The CFPB has not only overreached but has violated federal law through its actions. Today’s action by Congress protects car shoppers from a power-hungry federal agency bent on expanding the size of government, limiting consumer choice, and inflating the price of car loans.”