CFPB needs to be empowered

December 22, 2011

“My view is that Washington and the regulators are there to serve the banks” — Republican Rep. Spencer Bachus, chairman of the House Financial Services Committee.

You might expect the above statement from the CEO of a Wall Street bank or chairman of a Fortune 500 investment firm. The fact that it came from the chairman of the congressional committee charged with protecting the public interest by regulating the financial services industry is troubling.

Read the full article in the Atlanta Journal-Constitution.

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