NEWS FLASH

GOP Sponsors Of Anti-CFPB Bills Took $1.4 Million From Bank Lobby In 2010 | House Financial Services Chairman Spencer Bachus (R-AL) — along with Reps. Sean Duffy (R-WI) and Shelley Moore Capito (R-WV) — have been pushing various pieces of legislation to undermine the new Consumer Financial Protection Bureau (CFPB) that was created under the Dodd-Frank financial reform law. The Nation’s Ari Berman noted today that these three lawmakers received $1.4 million from the financial industry during the 2010 election cycle. Bachus has admitted that attempts to undermine the CFPB are all about stopping consumer advocate Elizabeth Warren from being its first director.