GOP Objects to Effective Government Agency

Other possible headlines might be:

“GOP Objects to Incorruptible Regulatory Agency”

“GOP Objects to Agency It Can’t Subvert”

You get the idea. Nothing new here. Business as usual.

From AP:

“House Republicans said Wednesday that a new government agency designed to protect consumers from problems with mortgages, credit cards and other lenders has too much power. They also criticized it for participating in a federal-state effort to force mortgage servicers to change the way they foreclose on troubled homeowners.

“Testifying to Congress, the White House official assembling the new Consumer Financial Protection Bureau made no apologies. Elizabeth Warren said the agency was badly needed and might have helped the country avoid the housing problems it has suffered, including abuses in the ways foreclosures have been processed.

“If there had been a consumer agency in place, the problems in mortgage servicing would have been exposed early and fixed while they were still small, long before they became a national scandal,” she told the financial institutions subcommittee of the House Financial Services Committee.”

Read full story here.

Speak Your Mind (You Must Use Your Real Name)

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Bitnami