Letter to editor: The current banking crisis underscores the imperative to have strong, independent oversight over our financial system.
The current banking crisis underscores the imperative to have strong, independent oversight over our financial system. Yet on the heels of that crisis, the only government watchdog that exists to protect Americans' financial interests is under attack.
There are two avenues of attack. First, there is a push in the House of Representatives to cripple the CFPB by transferring its independent funding to the annual appropriations process, where it will be vulnerable to lobbying pressure from the very industry it is designed to protect us from. CRPB administration told the justices that a lower court decision invalidating the way the CFPB is funded threatens its entire mission; it's fate is in the hands of both Congress and the Supreme Court.
Norge Siste Nytt, Norge Overskrifter
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