Monday, September 28, 2015
The regressive attack on the CFPB
Here's Elizabeth Warrens FB post on the issue. The Consumer Financial Protection Bureau under its current director has returned over $10 billion to people defrauded by financial institutions. Now Congress wants to undermine the bureau by appointing political lackeys to a governing commission. It is a blatant tactic to undermine the bureau's effectiveness and prevent Wall Street from being held accountable to those it rips off. I'd call this unbelievable but we better believe that Congress is bought off to do Wall Street's bidding, not protect we the people from it.