This Lawmaker Just Gave The Perfect Defense Of a Consumer Watchdog The GOP Is Trying To Kill


This Lawmaker Just Gave the Perfect Defense of a Consumer Watchdog the GOP Is Trying to Kill

A Democratic lawmaker slammed opponents of a federal consumer watchdog Tuesday, denouncing them for promoting big business interests while hiding behind a pretense of constitutional concerns.During a House of Representatives hearing Tuesday over the group’s potentially unconstitutional design, Republican lawmakers attacked the Consumer Financial Protection Bureau on multiple fronts. Among other speakers, Rep. Ann Wagner (R-Mo.) blasted the bureau’s ability to operate outside of executive and congressional oversight, for instance. (The CFPB is funded by the Fed, which largely insulates the group from political efforts to control it.) “The CFPB has become arrogant in its cloak of unaccountability by …

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