Why Republicans Want to Declaw the Nation’s Consumer Financial Watchdog Agency

[McFurd]

NBC News - 5/8/2017 - Herb Weisbaum - A new bill aims to dismantle the powers of the Consumer Financial Protection Bureau, the independent watchdog that protects consumers and investors and has saved Americans almost $12 billion since it was created six years ago. Supporters say the Financial CHOICE Act will undo the regulatory burdens that have harmed financial service companies and provide Congress with much-needed oversight. But consumer advocates insist the bill would eliminate the CFPB's independence and greatly reduce its ability to regulate. Read more @ http://www.nbcnews.com/business/consume ... cy-n756486