Donations to Congressman Steil Linked to Anti-CFPB Regulatory Votes

Congressman Bryan Steil received campaign contributions from executives at Blackstone, Flagstar Bank, and Huntington Bancshares PAC to support anti-CFPB regulatory measures. These contributions were timed around votes by Steil to roll back regulations on Wall Street, cut rental assistance, and raise mortgage fees. Steil also voted for the Limit, Save, Grow Act, which included the REINS Act, an anti-regulatory measure that would have made it harder to enforce federal rules on the banking industry.

The REINS Act, supported by Steil, would have required Congress to approve major new regulatory rules, thereby limiting the automatic enforcement of consumer protection rules crafted by agencies like the Consumer Financial Protection Bureau. Reports also indicate Steil has accepted campaign cash from Wall Street lobbyists and executives around dates he voted to roll back regulations.