Newt Gingrich Says Elizabeth Warren’s Signature Program Is "Dictatorial." Here's What It's Really Do

If eliminating $16 billion in hidden credit card fees is dictatorial, he's right.


"Gingrich is a paid adviser to a corporate-funded group, the US Consumer Coalition, that doesn't disclose the identities of its donors and was founded by a PR firm to attack the agency. In November, a conservative group ran an ad during the Republican debate attacking the CFPB and Warren as Soviet operators trying to shut down regular borrowers. Republicans in Congress have consistently introduced bills that would hamper the CFPB's ability to function by restricting its budget or weighing down its decision-making process with extra bureaucratic layers. Ted Cruz, the senator from Texas and a Republican presidential candidate, has gone even further, introducing legislation to eradicate the agency."

http://www.motherjones.com/politics/2015/12/cfpb-elizabeth-warren-newt-gingrich