Associated PressWASHINGTON (AP) — Four months before formally opening its doors, the new federal watchdog for policing mortgages, credit cards and other financial products is under attack from Republicans and banks.
Elizabeth Warren, the Harvard law professor who championed the Consumer Financial Protection Bureau and is now in charge of setting it up, faces the hostile fire directly on Wednesday. Republicans running the House Financial Services Committee will press her to answer their concerns — shared by banks and other business interests — that the agency and its director will have unfettered power over financial products used by millions of people and might abuse it.
No comments:
Post a Comment