The Consumer Financial Protection Bureau created after the 2008 financial crisis just fined Wells Fargo millions of dollars for creating unauthorized accounts for 1.5 million customers, but Republicans in Congress want to strip it of its powers. Listen to CQ Roll Call’s Financial Services reporter Doug Sword and Managing Editor Adriel Bettelheim explain why.
- CFPB a Secret to One Secret Service Agent
- Wall Street Eyes Dodd-Frank Changes in Spending Bill
- Consumer Bureau Gets a Leader, and Dodd-Frank Gets an Enforcer
Rep. Bruce Poliquin, R-Maine, was the only Republican to join Democrats in opposing HR 5983, a 500-page replacement of Dodd-Frank.
— Doug Sword (@doug_sword) September 13, 2016
— CNN (@CNN) September 12, 2016
— Richard L. Trumka (@RichardTrumka) September 14, 2016
Wells Fargo case is a loud, serious warning to banks, CFPB says https://t.co/052dytFYgG
— CNBC (@CNBC) September 12, 2016