Dems Slam GOP Bill That Dismantles Protections Against Wall Street Exploitation
Wall Street sign
The Financial Choice Act, a Republican-designed bill that delivers on the long-held promise to dismantle major parts of the Dodd-Frank financial reform law passed in 2010, including gutting the successful Consumer Financial Protection Bureau (CFPB), won passage Thursday along a nearly party line vote, 233-186.
House Financial Services Chairman Jeb Hensarling said, “Every promise of Dodd-Frank has been broken. We will replace economic stagnation with a growing healthy economy.”
On a call Friday morning with reporters, three opponents of the bill detailed how it will harm consumers in Ohio and across the nation.
U.S. Rep. …