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Old 07-23-2015, 05:51 PM
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bobabode bobabode is offline
Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 33,312
"Consumer protection: Why do Republicans hate the CFPB so much?"


"The Dodd-Frank financial reform bill turned 5 years old this week, and conservative Republicans, who didn't like the measure in the first place, predictably have been withering in their scorn. Perhaps not coincidentally, so have big bankers and the U.S. Chamber of Commerce.
The CFPB undoubtedly remains the single most powerful and least accountable federal agency in all of Washington.- Rep. Jeb Hensarling (R-Texas)

They've all reserved some of their harshest words for the Consumer Financial Protection Bureau, that brainchild of Sen. Elizabeth Warren (D-Mass.), who conceived the agency before running for office. (Warren was originally penciled in as the bureau's director; that was quashed by Wall Street, which may regret its opposition now that she's in a position to
hector financial executives as a U.S. senator.)" Hiltzik at the LATimes.
"I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve." B.B.
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