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Released: December 09, 2011
Consumers lose as GOP moves against nominee for new consumer bureau
Source: David Lazarus, Los Angeles Times (Free Registration)
It’s their party, and they’ll cry if they want to.
As expected, Republican senators blocked a vote Thursday on whether to approve President Obama’s nominee to head the new Consumer Financial Protection Bureau.
It’s not that the GOP lawmakers have it out for former Ohio Atty. Gen. Richard Cordray. They say they actually like the guy.
No, the Republicans insist they won’t approve him — or anyone — until they get Democrats and the president to rewrite the law that created the watchdog agency. They want its leadership made weaker and thus more susceptible to industry lobbying. They also want more control over the agency’s purse strings.
Read Full Article: Consumers lose as GOP moves against nominee for new consumer bureau
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