Here. An excerpt:
Republican senators . . . insist they will block the Consumer Financial Protection Bureau from getting a director unless the White House agrees to radical changes.
Most dangerously, Republicans want the bureau's budget to be part of the appropriations process, which not only makes its funding subject to the whims of Congress but also forces the cost onto the backs of taxpayers. The previous Congress funded the bureau through the self-supported Federal Reserve precisely to protect it from political pressures.
Unlike most other federal agencies, the Consumer Financial Protection Bureau's decisions are subject to review by a panel of other regulators. The hold-out Republicans want to make it easier for those regulators to overturn the bureau's rules.
Lastly, the Gang of 44 wants to replace the bureau's director with a five-member commission. That means that instead of enduring endless delays in affirming just one leader, the American public could look forward to five times the foot-dragging.
Enough.
American families are in crisis. They have lost homes or become anchored to cities where jobs are scarce by houses they cannot sell without taking a loss. Their kids go to college only to emerge with staggering private student loan debt they must immediately repay even if they can't find jobs. Many adults are struggling to pay off debts incurred when credit limits were just a state of mind and going through bankruptcy meant coming home to a slew of new card offers.
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