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