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The Boston Globe

Politics

Warren says GOP weakens consumer protection agency

WASHINGTON — Massachusetts Senator Elizabeth Warren accused her GOP counterparts at a Senate Banking Committee hearing of attempting to weaken a fledgling consumer protection bureau, as Republican senators continued to oppose the nominee to head the agency.

Republicans object to the structure and what they call a lack of oversight for the Consumer Financial Protection Bureau, which was established by the 2010 Dodd-Frank financial services regulatory overhaul. In turn, they’ve put up stiff resistance to the confirmation of Richard Cordray as its director.

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