This bill is unlikely to advance, at least in the House and hopefully not the Senate either. It’s another of Ted Cruz’s misguided attempts to dismantle a bureau beneficial to consumers even if moderately burdensome to financial businesses. Would those businesses save money without the constraints of compliance with Dodd-Frank? Of course! Would those savings benefit the average person? No! Plus, predatory practices would creep back into banking, lending, collecting which are complicated enough for consumers even with strict regulations preventing overreaching. Not everything that is good for business is good for the US.