Economy

Barney Frank: Don’t do away with CFPB

By Kelly Cohen
Published April 16, 2017 4:31pm ET
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Barney Frank: Don’t do away with CFPB
"Frankly, I think that would be a very unpopular thing," Frank said. (AP Photo/Cliff Owen) | Cliff Owen

Former Rep. Barney Frank warned congressional Republicans: Do not do away with the independent Consumer Financial Protection Bureau.

In an interview with radio host John Catsimatidis on 970 AM in New York that aired Sunday, the Massachusetts Democrat said that the CFPB has “saved consumers a lot of money” and it would be “very unpopular” to eliminate it.

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CFPB Congress Dodd-Frank Act Finance Kelly Cohen