GOP Goes After Consumer Bureau's Elizabeth Warren

Wednesday, 25 May 2011 12:33 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Republicans don’t like the idea of the Consumer Finance Protection Bureau that was part of last year’s financial reform law, and they don’t like Elizabeth Warren, who is spearheading the bureau’s formation. They showed that displeasure at a meeting of the Oversight and Government Reform Committee Tuesday, Politico reports.

Elizabeth Warren,Consumer Finance Protection Bureau,Oversight and Government Reform Committee,credit cards
Elizabeth Warren
GOP congressmen said Warren lied to Congress and is creating a “super class of administrative elites” to guide the bureau.

Rep. Patrick McHenry, chairman of the Oversight Committee’s financial services subcommittee, said that the bureau, headed by Warren, would exercise unrestrained authority to regulate financial products such as mortgages and credit cards.

Warren responded that those are simply politically motivated, “overblown” fears rather than fact.

Republicans know they can’t overturn the entire financial reform law, so they have taken on the narrower goal of torpedoing the bureau and Warren.





© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Roberts Scarcely Mentions Long AG Record in Kansas

Saturday, 25 Oct 2014 09:45 AM

One would hardly know from Republican Sen. Pat Roberts' campaign speech that he is revered as a champion of Kansas' all- . . .

Jeb Bush: I 'Quit Worrying About' Name Liability 'A Long Time Ago'

Friday, 24 Oct 2014 23:22 PM

Former Florida Gov. Jeb Bush was non-committal to South Carolina donors and business leaders questioning him about his p . . .

Cornyn, Democrat Alameel Meet in Only Debate

Friday, 24 Oct 2014 21:35 PM

Problems with the nation's immigration system have dominated a debate between U.S. Sen. John Cornyn and Democratic chall . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved