The GOP’s Plan B to Kill Elizabeth Warren’s Consumer Watch Dog

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Last week, Sen. Elizabeth Warren (D-Mass.) declared victory when the Senate confirmed Richard Cordray to head the Consumer Financial Protection Bureau (CFPB), the consumer watchdog agency that she conceived and helped launch. For years, Republicans had been fighting tooth and nail to kill the infant agency, which is charged with protecting Americans from abusive practices by banks, payday lenders, mortgage-servicing companies, and debt collectors. Originally, the GOP planned to cripple the agency by blocking it from ever getting a director. That didn’t work, so now Republicans have to turn to Plan B.

The GOP has several weapons in its arsenal, including a case against the agency that the Supreme Court will hear in the fall, a separate suit recently lodged against the bureau, several pieces of legislation that would weaken the CFPB, and a slew of bills that would clamp down on government regulators more generally. There’s just one problem: the plans are probably not going to work.

Continue Reading »

View the original here:

The GOP’s Plan B to Kill Elizabeth Warren’s Consumer Watch Dog

This entry was posted in FF, GE, ONA, Uncategorized, Venta and tagged , , , , , , , . Bookmark the permalink.

Comments are closed.