Shelby: CFPB's powers must be reined in

07/21/2011 | Wall Street Journal, The

Republicans want to ensure the Consumer Financial Protection Bureau isn't allowed to operate without accountability, regardless of who is appointed to lead it, writes Sen. Richard Shelby, R-Ala. "Unless Congress enacts reform, it is only a matter of time before this concentration of power is abused or misused to the detriment of American businesses and consumers," Shelby writes.

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