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

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.

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Erich Vieth

Erich Vieth is an attorney focusing on civil rights (including First Amendment), consumer law litigation and appellate practice. At this website often writes about censorship, corporate news media corruption and cognitive science. He is also a working musician, artist and a writer, having founded Dangerous Intersection in 2006. Erich lives in St. Louis, Missouri with his two daughters.

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  1. Avatar of Jim Razinha
    Jim Razinha May 19, 2011 Reply

    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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