Tag: H.R. 1121

CFPB Under Attack

Back in April, we put together an episode to go over the different attacks being levied against the Consumer Financial Protection Bureau (CFPB) and Elizabeth Warren. And last week, during a House Oversight subcommittee hearing that we covered extensively, the animosity harnessed in the legislation we summarized was clearly on display.

The treatment of Ms. Warren is crucial to understanding the motivations behind the attempts to strip the CFPB of power before any of its authority goes into effect. We knew this issue was going to heat up as we drew nearer to July, when much of the CFPB’s authority becomes active.

To account for recent developments, we are re-releasing Episode 10, entitled “Stopping CFPB”. Along with it is an up-to-date one page summary that accounts for recent developments.

Updated one-pager below the fold.

S02E10: Stopping CFPB

cross-posted from Main Street Insider

Much of the authority of the Consumer Financial Protection Bureau (CFPB) is schedule to go into effect in July, which means that between now and then, attempts by House Republicans to limit that authority are going to intensify. This week’s episode of 90 Second Summaries examines some of those attempts.

Though these bills are unlikely to see real action on their own, look for a measure of this sort to be included as a rider on some must-pass piece of legislation.