GOP Senator Wants Consumer Protection Director To Voluntarily Weaken His Own Agency

GOP Senator Wants Consumer Protection Director To Voluntarily Weaken His Own Agency: p43 Republican Senators last week signed a letter saying that they would block any nominee to run the Consumer Financial Protection Bureau — regardless of the nominee’s qualifications — unless the agency is weakened and made subservient to other bank regulators. As economist Paul Krugman put it, “it’s an open attempt to use raw obstructionism [...]/p