Has CFPA become a partisan fight?
February 6, 2010 | federal legislation, industry | Comments (0)That’s the LA Times take on it. From the story:
Reporting from Washington – The Obama administration’s attempts to enact the most sweeping overhaul of financial regulations hit another obstacle Friday as Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.) said that talks to craft a bipartisan bill had stalled and that he would draft his own bill.
“While I still hope that we will ultimately have a consensus package, it is time to move the process forward,” Dodd said.
He has been in negotiations with the top Republican on the committee, Sen. Richard Shelby of Alabama, in hopes of drawing GOP support for the overhaul.
But the two have been sparring for weeks over a key provision of the Obama administration’s plan: the creation of a powerful federal agency to protect consumers in the financial marketplace.
This blogger at the American Thinker is on the same page as the LA Times.
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