Elizabeth Warren: CFPB Returned Billions
on Saturday, January 14, 2017Elizabeth Warren Money Quote saying the effectiveness of the Consumer Financial Protection Bureau is indisputable in protecting consumers in debt to bad actor banks and lenders. Elizabeth Warren said:
![[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions Quote](https://itsamoneything.com/money/wp-content/uploads/Elizabeth-Warren-CFPB-Billions-Tricked-Payday.png)
“[CFPB] has returned nearly $12 billion directly to families who were tricked by big banks, payday lenders, debt collectors, and other financial institutions” — Elizabeth Warren
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In this quote, Elizabeth Warren is highlighting the positive impact of the Consumer Financial Protection Bureau (CFPB). Some key points:
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- She notes that through its work, the CFPB has returned $12 billion directly to consumers.
- This money has gone back to families who were deceived or treated unfairly by large banks, payday lenders, debt collectors and other financial companies.
- Warren’s statement emphasizes that the CFPB has provided direct financial relief and restitution to many ordinary Americans who were victims of misconduct by powerful financial institutions.
- She appears to be touting the CFPB’s successes and the tangible benefits it has delivered for members of the public in policing consumer financial products and services.
Overall, the quote paints the CFPB in a positive light by showcasing the billions of dollars it has recovered for individuals harmed by bad actions of banks and other companies in the financial sector.