A MUST READ: Nearly five years since it officially opened, a new DARK MONEY group is taking aim at the agency tasked to protect consumers — and no one has any idea who's behind it. Since it formed in 2011, the Consumer Financial Protection Bureau (CFPB) has been under siege from financial institutions. Senate Republicans tried very hard to stop it from functioning at all, and since then they’ve tried to “tighten the leash” on the agency.
Reps. Waters, Ellison and Green have written to the Federal Trade Commission asking them to investigate Protect America’s Consumers and its nonprofit status; that might be our only hope of finding out who’s behind the organization. Aside from that, unless the group tells us, we might never find out who’s spending this money to take down the CFPB.