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April 05, 2017

Hardline Anti-CFPB Republican Accuses Agency of Being “Asleep At Wheel” During Wells Fargo Scandal

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A conservative lawmaker who has repeatedly tried to hamstring the Consumer Financial Protection Bureau is now claiming it hasn’t done enough to clampdown on banking abuses. Rep. Ann Wagner (R-Mo.) hit out at the agency’s director on Wednesday, accusing Richard Cordray and his staff of incompetence. She said the CFPB should have acted sooner, when Wells Fargo was signing up millions of customers for financial products without their consent. “The only conclusion there is to draw from the Wells Fargo scandal is that CFPB was asleep…

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Senators Clash Over Trump’s “Extreme Vetting”

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During a hearing Wednesday with the Homeland Security chief, Sen. Claire McCaskill (D-Mo.) ripped apart the Trump administration’s plans for “extreme vetting” of foreign travelers. She was then accused of fomenting hysteria by her colleague, Sen. John McCain (R-Ariz.), who warned that people were trying to bring cell phone bombs aboard airplanes. The heated back-and-forth occurred during proceedings before the Senate Homeland Security Committee, featuring testimony from DHS Secretary John Kelly. “You’ve got to understand, Secretary Kelly,” McCaskill said, “if they know we’re going to…

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