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Quietly Killing a Consumer Watchdog - NYTimes.com

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opednews.com Headlined to H2 2/10/13

While we watch endless stories about the snow storm and the grammies Senate Republicans are using the filibuster to stop regulation of financial abuses. "If you'd like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months: ¶It called a halt to predatory practices by mortgage lenders; It opened an investigation into questionable marketing practices by banks and credit card companies on college campuses, which often take place after undisclosed financial arrangements are made with universities. ¶It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.... what worries Republicans? They can't prevent the bureau from regulating their financial supporters. "

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