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[Washington Babylon]

The Bankers’ Financial Protection Agency

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From Public Citizen:

The 16 representatives sponsoring two amendments that would weaken critical consumer protections in financial reform legislation have received at least $2.3 million from the financial services sector since the beginning of 2009. The amendments were sponsored by Rep. Melissa Bean (D-Ill.) and Rep. Walter Minnick (D-Idaho). The Bean amendment would block states from enforcing their own consumer protections laws. The Minnick amendment would set up a feckless alternative in place of the proposed Consumer Financial Protection Agency.

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