Video & Transcript Research : 'CFPB'
Page 1 of 3
US
US Federal 2025-2026 Regular Session
Business meeting to consider an original bill entitled, "GENIUS Act of 2025", and S.875, to curtail the political weaponization of Federal banking agencies by eliminating reputational risk as a component of the supervision of depository institutions. Mar 13th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- If you are sending a U.S. dollar from your PayPal wallet and you get scammed, the CFPB has the authority
- That is why he is trying to dismantle the CFPB.
- The CFPB was created in the wake of the great financial crisis.
- While the Trump administration has gutted the CFPB, we've all seen this over the last few weeks, firing
- in the bill changes, limits, or removes protections consumers currently receive legally. from the CFPB
Bills:
SB875
Keywords:
banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual
Summary:
This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.
MN
Minnesota 2025 1st Special Session
Committee on Commerce and Consumer Protection - 02/20/25
Commerce and Consumer Protection
Transcript Highlights:
- <00:11:37.399>
or have had um an action with the cfpb or have had um an action with the cfpb - <00:11:47.440>
but sort of information from the cfpb but sort of information from the cfpb - protecting consumers without the cfpb protecting consumers without the cfpb there<00:34:07.120><
- We will recess for 10 minutes. published um report from cfpb that gave published um report from cfpb
- I saw the CFPB as part of that.
MN
Minnesota 2025 1st Special Session
Press Conference: Outlining the Impact of Eliminating the US Consumer Financial Protection Bureau Feb 21st, 2025
Transcript Highlights:
- the most important things that the cfpb the most important things that the cfpb does<00:03:37.480
- <00:10:17.079>
is more common place if the cfpb is more common place if the cfpb is dismantled - <00:10:31.600>
regarding a new rule from the cfpb regarding a new rule from the cfpb regarding - Without the CFPB, we are all vulnerable.
- Yeah, any more CFPB questions?
US
US Federal 2025-2026 Regular Session
Hearings to examine the Semiannual Monetary Policy Report to the Congress, including S.257, to improve the resilience of critical supply chains. Feb 11th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- Keep the CFPB funded exactly as the law requires.
- For the CFPB, if in fact, in the hypothetical, the CFPB weren't carrying that out.
- There was a change in the law when the CFPB was created.
- That would be CFPB? Yes. Okay.
- The CFPB has returned more than $21 billion to Americans.
Bills:
SB257
Keywords:
supply chain resilience, critical supply chains, critical goods, manufacturing, domestic manufacturing, reshoring, nearshoring, supply chain security, supply chain shock, supply chain disruption, critical infrastructure, emerging technologies, semiconductors, microelectronics, artificial intelligence, quantum computing, robotics, advanced manufacturing, blockchain, cybersecurity
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, April 9, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- Speaker, the CFPB crosshairs, Mr.
- <00:46:39.119>
examination practical effects of CFPB examination practical effects of CFPB - if Trump doesn't control the CFPB. if Trump doesn't control the CFPB.
- companies to conveniently avoid CFPB companies to conveniently avoid CFPB oversight<01:03:52.319
- CFPB ordered Regions Bank is expired. CFPB ordered Regions Bank is expired.
US
US Federal 2025-2026 Regular Session
Organizational business meeting to consider an original resolution authorizing expenditures by the committee during the 119th Congress; to be immediately followed by hearings to examine the real impacts of debanking in America. Feb 5th, 2025 at 09:00 am
Banking, Housing, and Urban Affairs Committee
Transcript Highlights:
- Earlier this week, Treasury Secretary and Acting CFPB Director Scott Besant halted all CFPB rulemaking
- The CFPB has been on the front lines of combating debanking for years now.
- The CFPB is ready for this fight, and every day that the CFPB...
- I appreciate Senator Warren's pointing out that CFPB has been on the front lines.
- Of another CFPB report, is one where you could be providing more information.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Jul 7th, 2025
Transcript Highlights:
- In compliance with federal law, that section requires DFPI to provide notice to the CFPB.
- In compliance with federal law, that section requires DFPI to provide notice to the CFPB.
- As an example, one of the CFPB cases that was just dismissed was against Capital One Bank.
- And that's why the CFPB was given that authority right after the financial meltdown and why we need it
- Which was supposed to also help bolster the work that was happening at the CFPB at the federal level.
Summary:
The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members.
The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open.
SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call.
Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Jul 7th, 2025
Banking and Finance
Transcript Highlights:
- In compliance with federal law, that section requires the DFPI to provide notice to the CFPB.
- a little bit about how the current regime vis-a-vis the federal government requires notice to the CFPB
- You know, the CFPB has basically dismissed all pending claims across the board, including claims that
- As an example, one of the CFPB cases that was just dismissed was against Capital One Bank.
- That’s why the CFPB was given that authority right after the financial meltdown and why we need it here
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Wednesday, February 12, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- They want to shut down the CFPB for fraud and consumer protection.
- me give you one example before the cfpb me give you one example before the cfpb stepped<00:32:05.799
- supported the rule of law when the cfpb supported the rule of law when the cfpb enforces<00:32:47.559
- <00:33:02.240>
put Al together the cfpb put Al together the cfpb put $360 $360 $360 million - We’re afraid to put the CFPB bill on the floor that would reduce the fees.
US
US Federal 2025-2026 Regular Session
Business meeting to consider an original resolution authorizing expenditures by the committee during the 119th Congress; to be immediately followed by a hearing to examine eliminating waste by the foreign aid bureaucracy. Feb 13th, 2025 at 09:00 am
Homeland Security and Governmental Affairs Committee
Transcript Highlights:
- That company would have been subject to CFPB regulation, but now Trump has decided to dismantle that
- I may also say the CFPB has also received hundreds of complaints. about Musk.
- CFPB was created by Congress with bipartisan support and in the wake of the 2008 financial crisis.
- CFPB has improved American lives by capping credit card late fees, bank overdue... draft fees, reduced
- They counted on the CFPB to protect them. Nope. Trump and Musk get rid of that.
Keywords:
fiscal responsibility, government waste, foreign aid, funding resolution, legislative oversight
Summary:
The committee meeting addressed government spending and foreign aid, with a particular emphasis on perceived wasteful expenditures. A significant portion of the meeting was dedicated to discussing a funding resolution for the committee, which received unanimous support from the members present. The chair noted a quorum at the beginning of the meeting, signaling that the committee was ready to conduct its business. Discussions highlighted ongoing debates concerning fiscal responsibility and the necessity of legislative oversight, notably regarding foreign aid allocations and their implications for domestic fiscal health.
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 02/18/25
State and Local Government
Transcript Highlights:
- There are certain things that only the CFPB can do. Let me give you an example.
- There are certain things that only the CFPB can do. Let me give you an example.
- Keep in mind that the CFPB is resourced like a federal agency, paid by the feds.
- He added that the CFPB has a supervisory responsibility.
- I will say this: I was there when the CFPB was drafted. I helped draft it.
AL
Alabama 2025 Regular Session
Alabama Senate Banking and Insurance Committee Apr 2nd, 2025
Banking and Insurance
Transcript Highlights:
- laws that regulate all types of discrimination, such as the Bank Secrecy Act, US PATRIOT Act, and CFPB
- I'll keep going, but the CFPB Regulation DD.
- been subjected to a lot... ... and have been subjected to a lot of things in Washington out of the CFPB
- No doubt, the CFPB has done good things in a number of avenues of its work, but I remember when that
- The CFPB is only going to impact banks x billion and up... ...going to impact banks x billion and up—
MN
Minnesota 2025-2026 Regular Session
Press Conference: DFL Members Announce Fraud Prevention Package - 03/17/26
Transcript Highlights:
- Last year, Elon Musk and unqualified staffers at Doge, who are now being deposed, gutted the federal CFPB
- A state-level CFPB would provide an avenue for Minnesotans to report consumer protection violations,
- A state-level CFPB would provide an avenue for Minnesotans to report consumer protection violations,
- A<00:06:23.720>
state-level <00:06:24.440>CFPB <00:06:25.800>would <00:06:25.919> provide <00:06:26.240>an A state-level CFPB would provide an A state-level CFPB would
Summary:
Senate DFL leaders held a press conference outlining a fraud-prevention agenda centered on transparency, accountability, and modernization of state systems. Majority Leader Erin Murphy said Minnesotans are angry about fraud and that the caucus has already passed multiple fraud-prevention measures, but more work is needed. She and other senators emphasized that outdated county and state IT systems leave programs vulnerable to waste and abuse, and said they want to pursue both immediate upgrades and longer-term funding solutions, including possible bonding for technology infrastructure.
Senator Zena Mohamed described legislation to overhaul program integrity in Medicaid and human services by adding safeguards before, during, and after provider enrollment and service delivery. She said the goal is to prevent theft before dollars are spent, rein in third-party entities that profit without accountability, and improve consumer protections and reporting pathways. Senator Amanda Hemmingsen-Jaeger highlighted a bill to ban cryptocurrency kiosks, arguing they are heavily used in scams targeting seniors and vulnerable people, and also backed a state consumer financial protection bureau and stronger False Claims Act enforcement.
Senator Rob Kupec focused on ethics and conflicts of interest, including a proposal to bar legislative members and certain state employees from quickly moving into jobs tied to entities receiving state appropriations or grants. He also said lawmakers should strengthen penalties for theft of public funds and restrict state contracts for people convicted of fraud. Senator Heather Gustafson promoted her Office of Inspector General bill, saying oversight is fragmented and an independent office is needed for investigations, safeguards, and early detection; she said the Senate passed the bill 60-7 last year and she wants it enacted. In response to questions, Murphy and Gustafson said the OIG should have law-enforcement powers, that bipartisan support exists in principle, and that the House needs to settle on a single proposal. The senators also said prepayment review can be useful but can disrupt services, and they argued agencies must use the tools already given to them while lawmakers continue oversight.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, February 11, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- Trump and Elon started to dismantle the CFPB. Do you know what CFPB stands for, Mr. Speaker?
- Why would Elon want to gut the CFPB?
- Why would Elon want to gut the CFPB?
- represent Democrats support the cfpb represent Democrats support the cfpb which<02:31:46.000>
- Speaker, the CFPB stands up to corporate greed.
US
US Federal 2025-2026 Regular Session
Closed hearings to examine United States Cyber Command in review of the Defense Authorization Request for Fiscal Year 2026 and the Future Years Defense Program; to be immediately followed by an open hearing at 3:30 p.m. in SD-G50.
Cybersecurity Subcommittee
Transcript Highlights:
- for this subcommittee to understand how damaging the Trump administration's efforts to shut down the CFPB
- Dismantling the CFPB will devastate the enforcement of the Service Member Civil Relief Act and the Military
- Without the CFPB to enforce these key laws, service members are now vulnerable to scams and predators
- For example, after student loan repayments restarted after the pandemic, the CFPB found that service
Summary:
The committee meeting focused on pressing issues related to the U.S. military's recruitment and personnel strategies, especially in light of the upcoming NDAA for fiscal year 2026. Chairperson expressed appreciation for the service of witnesses including senior military leaders from different branches, emphasizing the importance of personnel as the backbone of national defense. Discussions revealed concerns regarding the recent lowering of recruitment standards across military branches, which could potentially affect the quality of service members and long-term military readiness. Witnesses were asked to address the implications of these changes on military health and efficiency.
MN
Minnesota 2025-2026 Regular Session
The Push for New Protections for Consumers / Adding MLD to Minnesota’s Newborn Screening Program Mar 10th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- their concern over the recent work stoppage at the federal Consumer Financial Protection Bureau, or CFPB
- The group says the loss of the CFPB and federal support puts Minnesotans and their money at risk when
- :39.600>
or Consumer Financial Protection Bureau or Consumer Financial Protection Bureau or cfpb - 00:11:42.200>
the <00:11:42.360>loss <00:11:42.600>of <00:11:42.800>the cfpb - the group says the loss of the cfpb the group says the loss of the federal<00:11:43.399>
support<
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, April 1, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- It is unclear whether the Consumer Financial Protection Bureau, the CFPB, can do this rulemaking under
- It is unclear whether the Consumer Financial Protection Bureau, the CFPB, can do this rulemaking under
- CFPB didn't take that into consideration, in my opinion. They didn't understand that.
- This rule by the CFPB sets up the debate for overturning is to help the little guy not face up to $150
- CFPB didn't take that into consideration, in my opinion. They didn't understand that.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, April 8, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- To put it very simply, this CFPB rule hurts the very consumers that it purports to protect.
- To put it very simply, this CFPB rule hurts the very consumers that it purports to protect.
- The CFPB overstepped its ground.
- These midnight rules of the CFPB. They don't want to talk about the CFPB.
- They don't want to talk about the CFPB.
US
US Federal 2025-2026 Regular Session
Hearings to examine bipartisan legislative frameworks for digital assets. Feb 26th, 2025 at 01:30 pm
Senate Banking, Housing, and Urban Affairs Subcommittee on Digital Assets
Transcript Highlights:
- The CFPB put out a proposal a couple of weeks ago, but obviously that's not moving anywhere given the
- effective mothballing closing of the CFPB But those are very challenging issues, particularly again
- There is no mention anywhere of the Electronic Funds Transfer Act or CFPB.
Keywords:
Digital Assets, Bitcoin, Stablecoins, Legislation, Bipartisan, Consumer Protection, Regulatory Framework, Financial Innovation, Testimony
Summary:
The inaugural meeting of the Digital Assets Subcommittee brought a wave of excitement and anticipation regarding the future of digital assets, including Bitcoin and stablecoins. Chair Lummis expressed gratitude towards Senator Scott for establishing the subcommittee, indicating a commitment to promote responsible innovation while safeguarding consumers. Members discussed the necessity for a bipartisan legislative framework to regulate digital asset markets effectively while outlining the potential benefits such legislation could have on enhancing financial inclusion and streamlining payments. The meeting featured expert testimonies from key figures in the digital asset industry, highlighting the importance of creating clear regulatory guidance for digital assets to foster innovation without compromising consumer protections.
CA
California 2025-2026 Regular Session
Senate Banking and Financial Institutions Committee Jun 17th, 2026
Banking and Financial Institutions
Transcript Highlights:
- The CFPB has foregone 22 enforcement actions, including a $2 billion case against Capital One, representing
- Just two months ago, the CFPB issued a final rule that significantly weakened the Equal Credit Opportunity
- Just two months ago, the CFPB issued a final rule that significantly weakened the Equal Credit Opportunity