Here. The entire essay is worth reading, but here's an excerpt to whet your appetite:
The latest industry-sponsored bill would fundamentally change the structure of the CFPB by replacing the agency's single, independent director with a commission of political appointees.
* * * [T]he agency is working, which may be exactly why the big banks and their Republican friends are pushing so hard to tangle it up with a different administrative structure.
* * *
Let's face it: The quickest way to undermine an agency's effectiveness is to make it a commission -- which is why I want a single director and the banking industry doesn't.
* * *
Votes over the CFPB present the same choice today that they always have -- a choice between big banks and predatory lenders on one side and families on the other.
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