REED CALLS OUT VOUGHT FOR NEEDLESSLY BLOCKING AID TO VULNERABLE AMERICANS & MAKING U.S. SERVICEMEMBERS MORE VULNERABLE TO FINANCIAL SCAMS

WASHINGTON, July 16 -- Sen. Jack Reed issued the following press release:

His days in his second job as acting director of the Consumer Financial Bureau (CFPB) may be numbered, but today Russell Vought, whose full-time job is Director of the Office Management and Budget (OMB), got an earful from U.S. Senator Jack Reed (D-RI) who hammered Vought for failing to release approximately $750 million in affordable housing construction funds; a recent OMB proposal to end merit-based review of federal grant funding and inject hyper-partisanship into the decision-making process; and for Vought's gutting of the CFPB, specifically the Office of Servicemember Affairs and its examination function which is leaving U.S. servicemembers vulnerable to exploi...