What opponents of the CFPB really fear is that we now have a regulator that will put consumer interests first and hold Wall Street accountable. Wall Street plain and simple doesn't want a consumer cop on the beat. But consumers do.
The House is trying to starve our consumer cops to death. It's now in the public interest for the U.S. Senate to pass its own budget resolution that puts consumer and investor cops back on the beat. Otherwise, what happened on Wall Street will happen again.