Rep. Meeks: CFPB Was Created to Protect People from ‘Oligarchs that Are Now Around’ Trump

EXCERPT:

MEEKS: “That's exactly why it was created. Look, in my district, people lost the American dream. They lost their home. The largest investment the average American makes was in their home. They were defrauded by banks and others in those. And so who was there to speak up and to look and to diagnose the products? There was no one there for the consumer. That was the reason why the Consumer Financial Bureau was put in place, so that the consumer would have someone to go to. And just think about all of the individuals who were saved because of the bureau and to protect them against the oligarchs that are now around the president of the United States. There has to be someone there to speak for average everyday Americans, so they're not defrauded. Someone there to give them advice.”