Atlantic Internartional Partnership Headlines: White House respond to GOP’s Consumer Bureau threat

In a letter sent to the president Thursday, a bloc of 44 Republican senators vowed to block any nominee to be the first director of the agency until some of the CFPB’s new powers were checked. …
… “The consumer agency’s sole mission is to protect American families and provide the tools they need to make smart financial decisions,” said White House spokeswoman Amy Brundage. “For far too long, American consumers have fallen victim to fraud, misleading claims, and powerful special interests and the President believes that American families who were the hardest hit by this financial crisis deserve an independent watchdog to protect consumers and prevent predatory lending and other abuses in the future.”


http://atlanticinternationalpartnershipnews.com/2011/05/atlantic-internartional-partnership-headlines-white-house-respond-to-gops-consumer-bureau-threat/