Consumer protection

Banks, backed up by Republicans, are now lobbying against the Consumer Finance Protection Bureau in the US, calling it a regulator gone ‘rogue’. Reminded me of what Alice Rivlin said in her speech that I had blogged on, here. There is one lobbyist for every three employees in CPFB. Republicans are not going to rein in Finance. It will get worse under them. Bad for America and bad for the rest of the world.

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