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Cruz, Fellow Texan Unveil Bills To Kill CFPB

Law360, New York (February 14, 2017, 6:50 PM EST) -- Texas lawmakers Sen. Ted Cruz and Rep. John Ratcliffe on Tuesday introduced legislation that would eliminate the Consumer Financial Protection Bureau as pressure mounts within Congress and the Trump administration on the federal consumer finance watchdog.

The legislation, introduced in the Senate by Cruz and the House of Representatives by Ratcliffe, would repeal Title X of the Dodd-Frank Act, which created the CFPB. The bills go farther than most Republican legislation on the bureau, a frequent target of Republicans. Most proposals have tended to focus on...
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