New Poll: Americans Overwhelmingly Support Consumer Financial Protection Bureau

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At www.alternet.org

Today the Consumer Financial Protection Bureau is open for business and despite its main creator, Elizabeth Warren, prevented from heading it, the Bureau still enjoys a 74% support from Americans. President Obama appointed Ohio Attorney General, Richard Cordray amid threats that Senate Republicans would not approve anyone to head the Bureau, lest their demands be met. However, a new poll from Center For Responsible Lending (pdf) shows that across partisan lines, Americans support financial reform in some form and want the consumer protection that the CFPB specifically offers. Also today, the House is scheduled to vote on a GOP backed measure that would lessen the influence of the Bureau by replacing a director with a board of directors.

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