Robert Hurt votes to encourage small business input at the CFPB

Robert_HurtCongressman Robert Hurt (R-Virginia) released the following statement after voting in favor of the Bureau of Consumer Financial Protection Advisory Boards Act, which would create a Small Business Advisory Board at the Consumer Financial Protection Bureau (CFPB).

“Real consumer protection requires that we shift power from bureaucrats in Washington who implement one size fits all regulations to those who are most affected – our small businesses, community banks, credit unions, and their customers.  Unfortunately, the CFPB, created by the Dodd-Frank Act, is an agency equipped with unprecedented authority over America’s financial system and structured in a way that undermines transparency and accountability.  It is using its power to adopt policies that harm, rather than help, the very Americans it is tasked with protecting.  Small businesses are not able to access the capital they need to create jobs if their community banks are fighting bureaucratic red tape instead of providing loans.  This legislation is a crucial step to ensuring that the CFPB considers the broad reaching negative effects on our most dynamic job creators.

“This bill is critical in ensuring those most affected by these regulations have a say in their implementation so that we can continue to free our Main Street businesses and grow our economy.  I was pleased to see it pass the House with bipartisan support, and I urge our colleagues in the Senate to continue working with us to promote success for our small businesses.  I remain committed to promoting commonsense policies that will ensure the CFPB’s actions do not come at the expense of Fifth District small businesses and their employees.”

Books from AFP

2018-19 UVA Basketball Preview: Just $1.99 on Amazon!

UVA Basketball finished the 2017-18 season ranked at the top of the national polls. Augusta Free Press editor Chris Graham offers his insight and analysis on the 2018-19 'Hoos, breaking down the roster, the legacy of coach Tony Bennett, and how the loss to UMBC could fuel a run through March Madness next spring.

The Worst Wrestling Pay-Per-View Ever: Just $3.49 on Amazon!

Chris Graham offers a glimpse behind the curtain of the pro wrestling business in his new book, The Worst Wrestling Pay-Per-View Ever, the inside story of the 2011 Night of Legends, a live pay-per-view event featuring stars including WWE Hall of Famers Kevin Nash, "Hacksaw" Jim Duggan and The Rock 'n Roll Express that was met with almost universally negative reviews.

Mad About U: History of University Hall available on Amazon for just $5.99!

Mad About U: Four Decades of at University Hall is a comprehensive book covering the players, coaches and memories of University Hall at the University of Virginia. Join us as we look back at the memories from more than 40 years in U Hall.


News From Around the Web


Shop Google



Comment