CFPB defenders brace for House vote on Dodd-Frank rollback

Source: Sylvan Lane, The Hill (Paid Registration)

Progressive lawmakers and political groups are attempting to rally opposition before the House votes on the Financial CHOICE Act this week. That bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling (R-Texas), would roll back much of Dodd-Frank, a long-standing Republican target. Liberal lawmakers and allies are speaking out to defend key parts of Dodd-Frank, particularly the Consumer Financial Protection Bureau (CFPB), from future GOP attacks.

The CFPB was established by Dodd-Frank to police predatory lending and other financial fraud that could fall through the cracks of other agencies.

Read Full Article: CFPB defenders brace for House vote on Dodd-Frank rollback

 

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