House Republicans are renewing their push to tighten the leash on the Consumer Financial Protection Bureau.What could be more dangerous than a government agency funded by the Federal Reserve? What ever happened to the Congress appropriating money for government funding?
On Wednesday, lawmakers on the House Financial Services Committee will discuss 11 different bills that would alter how the Bureau goes about its business.
Republicans argue the agency launched by Sen. Elizabeth Warren (D-Mass.) has far too much power and too little oversight.
“The CFPB is arguably the single most powerful and least accountable agency in all of Washington,” said a committee spokesman. “These bills are common sense steps to make the Bureau more accountable and transparent to the people it is supposed to serve.”
Sunday, May 18, 2014
GOP targets consumer bureau
The Hill reports:
