Recently U.S. Senator Mike Enzi, R-Wyo., cosponsored legislation that will make the Consumer Financial Protection Bureau (CFPB) accountable to the American people by bringing it under the congressional appropriations process. The Consumer Financial Protection Bureau Accountability Act of 2015, introduced in May by U.S. Senator David Perdue, R-Ga., will provide critical congressional oversight over the CFPB.
“This out of control agency is collecting data and information on Americans without their knowledge or consent,” Enzi said. “There is no way for a single American to opt out of this collection, or require notification that their information is being collected and stored. Not only that, there’s really no way for Congress to have a say, to exert oversight and take a closer look at what the CFPB is up to.”
“This legislation would add needed accountability to the CFPB,” Enzi said. “The CFPB is running without congressional oversight, which means it is making rules and regulations without the say of the American people.”