The Hill: GOP gets one last shot at Consumer Protection bureau before it opens

[flpoljunkie]

The GOP. They don't represent us. Emphasis mine.

GOP gets one last shot at Consumer Protection bureau before it opens

By Peter Schroeder
07/10/11

When Consumer Financial Protection Bureau architect Elizabeth Warren testifies before the House Oversight Committee on Thursday, Republicans will get one last chance to air public critiques of the CFPB before the new agency begins its work.

Her appearance will mark the latest round of what has been an ongoing, and sometimes dramatic, dispute over the future of the bureau, created nearly one year ago by the Dodd-Frank financial reform law.

The agency opens for business on July 21.

Meanwhile, the CFPB’s strong (and vocal) backers tout it – and Warren – as a much needed and long overdue government advocate for consumers in the financial system.

The relationship between Warren and the GOP has always been icy at best, given Republicans long-standing opposition to the CFPB, and people that will be watching the hearing closely are expecting more of the same.

“What we're likely to see is more demonstrations of a Republican Party that’s determined to become a kind of goon squad for Wall Street,” said Richard Eskow, a senior fellow for the left-leaning Campaign for America’s Future, which has repeatedly backed Warren.

more...

http://thehill.com/blogs/on-the-money/banking-financial-institutions/170559-gop-gets-one-last-shot-at-consumer-protection-bureau-before-it-opens

[geckosfeet]

1. better to light one candle than to curse the darkness... She is a gem before swine