Wednesday, July 24, 2013

The GOP's Plan B to Kill Elizabeth Warren's Consumer Watch Dog

www.motherjones.com/politics/2013/07/gop-plan-b-kill-elizabeth-warrens-consumer-watch-dog
"Last week, Sen. Elizabeth Warren (D-Mass.) declared victory when the Senate confirmed Richard Cordray to head the Consumer Financial Protection Bureau (CFPB), the consumer watchdog agency that she conceived and helped launch. For years, Republicans had been fighting tooth and nail to kill the infant agency, which is charged with protecting Americans from abusive practices by banks, payday lenders, mortgage-servicing companies, and debt collectors. Originally, the GOP planned to cripple the agency by blocking it from ever getting a director. That didn't work, so now Republicans have to turn to Plan B."