Rep. Jeb Hensarling

United States Congress TX District 5

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The Consumer Financial Protection Bureau’s aggressive regulatory and enforcement mission, crafted as a part of the Dodd-Frank financial reforms, has long drawn the ire of congressional Republicans who are eager undermine its power and independence—and with a deregulatory fanatic as president, they may now have their best shot. Leading that charge is House Financial Services Committee Chairman Jeb Hensarling, whose Wall Street deregulation bill—the Financial CHOICE Act—forms the GOP’s blueprint for winding back Dodd-Frank. In a memo obtained by The New York Times last week, Hensarling outlined his plan to eviscerate the CFPB’s power.
prospect.org

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