The regulations established by the CFPD are mostly seen as hindering the business of banking in general. The GOP focuses on regulations that protect and regulate consumer support, but otherwise prefer to return power back to the institutions. source
Oppose such large concentrations of financial power in the hands of a few banks, especially after incidents like Wells Fargo and the financial crisis of 2008. Dems support strengthening the CFPD, and there is a push to allow post offices to provide financial services. source
The regulations established by the CFPD are mostly seen as hindering the business of banking in general. The GOP focuses on regulations that protect and regulate consumer support, but otherwise prefer to return power back to the institutions. source
Oppose such large concentrations of financial power in the hands of a few banks, especially after incidents like Wells Fargo and the financial crisis of 2008. Dems support strengthening the CFPD, and there is a push to allow post offices to provide financial services. source