Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

n2doc

(47,953 posts)
Tue Mar 1, 2016, 12:39 PM Mar 2016

DNC Chair Joins GOP Attack On Elizabeth Warren's Agency


Zach Carter

WASHINGTON -- Payday lenders have been gunning for the Consumer Financial Protection Bureau since the day President Barack Obama tapped Elizabeth Warren to set up the new agency. They've had plenty of help from congressional Republicans -- longtime recipients of campaign contributions from the payday loan industry. As the CFPB has moved closer to adopting new rules to shield families from predatory lending, the GOP has assailed the agency from every conceivable angle -- going after it's budget, attempting to tie its hands with new layers of red tape, fomenting conspiracy theories about rogue regulators illegally shutting down businesses and launching direct attacks on payday loan rules themselves.

To date, the GOP blitz has resulted in a few close shaves for the young agency, but no actual defeats. But the industry has cultivated a powerful new ally in recent weeks: Democratic National Committee Chair Rep. Debbie Wasserman Schultz (D-Fla.).

Wasserman Schultz is co-sponsoring a new bill that would gut the CFPB's forthcoming payday loan regulations. She's also attempting to gin up Democratic support for the legislation on Capitol Hill, according to a memo obtained by The Huffington Post.

The DNC chair isn't the first Democrat to defend payday lenders. A handful of House Financial Services Committee members consistently join the GOP's payday loan boosterism. But support from such backbenchers has been politically impotent. Wasserman Schultz, by contrast, is the nominal head of the Democratic Party. Her support undercuts efforts by liberals in Congress to draw contrasts with Republicans on economic issues.

more

http://www.huffingtonpost.com/entry/debbie-wasserman-schultz-paylenders-cfpb_us_56d4ce38e4b03260bf77e8fc
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
DNC Chair Joins GOP Attack On Elizabeth Warren's Agency (Original Post) n2doc Mar 2016 OP
And someone owes her safeinOhio Mar 2016 #1
DWS proving once again that the "D" in front of her name speaks more to a grade she deserves think Mar 2016 #2
These people are bloodsuckers SoLeftIAmRight Mar 2016 #3
This is why I feel the Democratic Party has left me. djean111 Mar 2016 #4
And we are supposed to vote for these assholes just because they have a "D" and we have no choice? arcane1 Mar 2016 #5
 

think

(11,641 posts)
2. DWS proving once again that the "D" in front of her name speaks more to a grade she deserves
Tue Mar 1, 2016, 12:46 PM
Mar 2016

for her public service rather than her commitment to Democratic principles...

 

djean111

(14,255 posts)
4. This is why I feel the Democratic Party has left me.
Tue Mar 1, 2016, 12:51 PM
Mar 2016

This started looooong before Bernie, too.
I live in Florida. Debbie DINO supports her GOP buddies. And people have the fucking nerve to tell me that "I" have to vote for the "D". Those days, I think, are done, they are toast.

 

arcane1

(38,613 posts)
5. And we are supposed to vote for these assholes just because they have a "D" and we have no choice?
Tue Mar 1, 2016, 02:25 PM
Mar 2016

Fuck that. The "D"emocrats are betraying us.

Latest Discussions»Retired Forums»Elizabeth Warren»DNC Chair Joins GOP Attac...