Politics

By blocking its leader, GOP constrains consumer bureau

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Republicans might have found a way to constrain the power of the new Consumer Financial Protection Bureau: make it an agency without a leader.

The increasingly bitter fight over whether Elizabeth Warren should head the new agency might have the happy side effect, from the GOP’s perspective, of limiting what the bureau can do.

Senate Republicans have vowed to hold up any nominee to lead the CFPB and say the blockade will not end until changes are made to curb the bureau’s authority.

Full story: By blocking its leader, GOP constrains consumer bureau