Brian Armstrong, Tom Fitton, and Others Call for Dissolution of CFPB, Labeling It Unconstitutional and Harmful

Criticism of the Consumer Financial Protection Bureau (CFPB) has intensified, with various commentators labeling it as unconstitutional and harmful to the economy. Brian Armstrong described the CFPB as an 'activist organization' that has caused significant damage and argued that its functions could be managed by the Department of Justice and other financial regulators. Tom Fitton echoed these sentiments, stating that the CFPB threatens privacy and the economy, while Vance Ginn and others called for its termination. Representative Donalds emphasized the bureau's partisanship and lack of accountability, advocating for its dissolution as a federal agency.