Nearly a Year After Dodd-Frank
New York Times editorial
June 13, 2011

“Without strong leaders at the top of the nation’s financial regulatory agencies, the Dodd-Frank financial reform doesn’t have a chance. Whether it is protecting consumers against abusive lending, reforming the mortgage market or reining in too-big-to-fail banks, all require tough and experienced regulators. …Any potential fight pales compared to the one under way over the new Consumer Financial Protection Bureau where, as ever, the Republicans are more interested in protecting bankers than consumers. As their price for confirming a director, they want to vastly expand the power of bank regulators to veto the bureau’s decisions and put controls on the bureau’s financing that will make it more vulnerable to political pressure.” Click here for more.