Regulations

House Republicans Plan to Gut the Consumer Financial Protection Bureau and Roll Back Wall Street Regulations

The Consumer Financial Protection Bureau, born out of the financial crisis and intending to help even out the information gap between consumers and corporations, is under fire by the House Financial Services Committee led by Rep. Jeb Hensarling (R-TX). According to a memo obtained by the Washington Post: 

A Republican plan to dismantle Wall Street regulations would strip the Consumer Financial Protection Bureau of many of its powers, including eliminating its consumer complaint database and scaling back its enforcement abilities...

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