44 Senators: We won’t support a CFPB that has any real power

May 19, 2011 | By | 1 Reply More

Senator Richard Shelby of Alabama and 43 of his fellow Senators are leading the charge to strip the Consumer Financial Protection Bureau (CFPB) of any meaningful authority.

My prediction: The big banks will completely defang or defund the CFPB.


Category: Consumer Protection, Corruption, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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  1. Jim Razinha says:

    Hmmm. 44 Republican Senators. No Democrats and no independents. What does that say? Must mean that only the Republicans are safeguarding the Constitution – now that the finance industry corporations (among all the others) are people, the common folk getting abused by the fine print have no basis for complaint.

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