The committee will come to order without objection. The chair is authorized to declare a recession of the committee at any time. The hearing is the annual report of the bureau of consumer for natural protection. I now recognize myself for three minutes to give an Opening Statement. Not that we need a reminder, but if theres one thing that the president ial campaigns of both parties have shown us, that the American People are indeed angry. They have a right to be angry. After seven years of obamanomics, they are suffering through a failed economic recovery. Americans are even angrier though at having their lives increasingly ruled by out of touch washington elites. Every day they see their liberties slipping away as washington grows more larger, more distant and more arrogant. As Thomas Jefferson warned, they are sending swarms of officers to harass our people. The poster child of jefferson is the cfpb. Its director, our witness is, neither elected nor accountable to the American People
Consumers. Our Enforcement Actions have based on careful and thorough investigations and most have identified deceptive practices by the parties involved. During this reporting period, the orders entered in our Enforcement Actions led to approximately 5. 8 billion in total relief for consumers victimized by violations of the law. These consumers are located in every one of your districts nationwide. Were also working to provide tools and information to develop practical skills and help people understand the choices theyll be making to manage the ways and means of their lives. Our ask cfpb resource provides guidance to inquiries across the entire spectrum of consumer finance. Our major moment in time decisional tools include paying for college, owning a home and planning for retirement. We developed the new partnership with the Financial Services round table to Work Together on Financial Education in the schools, in the work plates and on behalf of older american which is proving to be
Savings at Tullamore Credit Union are now worth €277.8m as members put more money away and €13.6m flowed in following the merger with Kilcormac Credit.