Enzi: It’s Not appropriate for Consumer Financial Protection Bureau To Engage in PR Piggybacking

SenatorEnzi, YouTube

Washington, D.C. – A group of U.S. senators asked the Department of Treasury to curtail use of Consumer Financial Protection Bureau flyers that solicit information from taxpayers.

U.S. Senators Mike Enzi, R-Wyo., Ron Johnson, R- Wis., James Lankford, R- Okla., Mike Rounds, R- S.D., John Kennedy, R- La., and Johnny Isakson, R-Ga., said it is not appropriate for the Treasury to include flyers from the Consumer Financial Protection Bureau (CFPB) with official IRS mailings.

In a letter sent recently, the senators asked Treasury Secretary Steven Mnuchin to end the IRS’s practice of including CFPB flyers with taxpayer refunds.

“We do not believe the CFPB has the authority to use the IRS as a conduit to solicit Americans’ stories about money. Additionally, since the CFPB is funded by a transfer of non-appropriated funds from the Federal Reserve System’s combined earnings, we question whether it is appropriate to use taxpayer dollars …to advertise the CFPB,” the senators wrote.  “The CFPB is supposed to be an independent organization, we do not believe the Treasury Department should be soliciting information on behalf of the entity. We respectfully request that Treasury’s Bureau of Fiscal Service curtail this practice…”

Enzi requested a study last fall on federal public relations spending.  A Government Accountability Office report found that the CFPB spent a higher percentage of its budget on public relations activities than any other federal entity examined, except for the Peace Corps.

Click here for a copy of the letter.