Ranking Member Tim Scott (R-S.C.) has issued a statement in response to the United States Supreme Court's decision in the case of Consumer Financial Protection Bureau v. Community Financial Services Association of America.
Scott criticized the Consumer Financial Protection Bureau for its lack of accountability to Congress and the American people. He accused Director Chopra and his agency of routinely acting outside their authority, regulating through blog posts and enforcement actions.
“The Consumer Financial Protection Bureau lacks important accountability to Congress and the American people, and under Director Chopra, the agency routinely and brazenly acts outside of the scope of its authority – regulating through blog posts and enforcement actions," said Scott.
Despite expressing disappointment with the court's ruling, Scott pledged to continue working towards holding the Bureau accountable. He also promised to resist what he perceives as an abuse of power by the Bureau, driven more by politics than policy.
"While today’s ruling is disappointing, I will continue to work to hold the Bureau accountable and push back on its abuse of power driven by politics instead of policy,” stated Ranking Member Scott.