Republicans Try to Void CFPB (and help their banker friends)

Well, politics has once again reared its ugly head! The sitting chair, by recess appointment, of the Consumer Finance Protection Bureau (CFPB), Richard Cordray, gave a report on his agency and consumer finance to the Sdenate Finance Committee, and was scheduled to do likewise to the House Committee in the same are. However, the committee chair, Rep. Jeb Hensarling (Republican of Texas) refused to allow the testimony. Why? Because the legislator claims that Cordray's appointment is unconstitutional and thus, Cordray isn't a valid head of the CFPB. Thus, according to Hensarling's twisted logic, Cordray cannot legally testify before the committee. This is the latest way the pro-bank Republican members of Congress are trying to render useless the legally created CFPB. Why? Simple. No CFPB, no independent consumer oriented oversight of the finance industry. Write your Congressman and Senator and make it clear: continued shenanigans such as this and there'll be a new member of Congress/Senator after the next election. Then work to make it happen!