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Forbes editorial takes aim at CFPB overreach

Forbes editorial takes aim at CFPB overreach

NEW YORK — “The American people delivered a message to Washington in November: stop the federal overreach, change course and get the government off of our backs,” writes Rep. Blaine Luetkemeyer (R-Maine) in a guest editorial published by Forbes.

“For the millions of American consumers, small business owners and employees who rely on our financial system each and every day, the over-regulation from Washington has meant increased fees, fewer services and diminished access to credit,” he added.

“It’s had a chilling effect on our economy and held back growth, wages and opportunity. And the root cause is Dodd-Frank and the Consumer Financial Protection Bureau that it created. It is important to protect consumers from any discriminatory practice. Yet, in doing so, we must be cautious that the cure is not worse than the disease,” Luetkemeyer wrote.

The complete editorial can be viewed at Forbes.com.

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About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report and can be reached at greg@rvdailyreport.com.

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