Republicans aim to weaken Consumer Watchdog just as Experian data breech affects 143 million Americans!

CFPB in congressional crosshairs, experts say

The Consumer Financial Protection Bureau, created as part of the post-crisis Dodd-Frank Act, will be unable to retain its full power to rein in Wall Street, even if its Democratic director, Richard Cordray, remains in his post, experts say. The Republican-dominated Congress has repeatedly taken aim at the agency's mandate and budget.

Gee! Doesn't this make lots of sense just a Experian revealed that it failed to protect 143 million Americans from having their personal data stolen that will be used for ID theft.  The data breech occurred this summer and it took two months before the problem leaked out to consumers and the news media!

Let's hope that more than a few Republican Congress members are victims of this data breech.

Read details at Reuters: http://www.reuters.com/article/us-usa-finance-consumer/with-or-without-democratic-director-u-s-consumer-watchdog-to-be-weakened-idUSKCN1BO2V8