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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 the editor and founder of RV Daily Report. A native of Madison, Wis., he moved to Phoenix in 2009 to escape the endless winters and wicked humidity of the six-week "summer" season. He's a DODO -- Dad of Daughter's Only -- who would crawl across the desert on his hands and knees for an In-N-Out Double Double. He has visited every state except Hawaii and is anxiously waiting for some RV company to host a conference in the Aloha State.

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