Republicorp wants to water down financial protections

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Who would've guessed especially after McConnel and Kyl went, hat-in-hand last year, to Wall St seeking marching orders

Republicans Attempt To Hamstring Consumer Protection Bureau In Spending Bill | TPMDC

Here's another way Republicans are coming after the Consumer Financial Protection Bureau.

The GOP wants to severely limit the fledgling agency's initial appropriations -- just as its staffing up and growing into a functional oversight body.

Rep. Rush Holt (D-NJ) discovered the measure buried in the House Republicans' new spending bill. He and his colleagues Barney Frank (D-MA) and Brad Miller (D-NC) are circulating a letter to colleagues to draw attention to the plan.

McConnell's Wall Street meeting prompts criticism from Democrats

Since the news surfaced that McConnell and Sen. John Cornyn (R-Tex.) met with financial chiefs in New York this month, on the eve of the Senate debate on a regulatory reform bill, Democrats have suggested Republicans are organizing against the legislation to curry favor and campaign donations from Wall Street, as Cornyn is the head of the Senate Republican campaign arm. Both men have denied that charge, and McConnell has defended the meeting as simply discussing legislation with people on wall street.