If Republicans want respect, they need to stop using the budget as a weapon

There's a reason the Consumer Financial Protection Bureau is beyond congressional oversight

Paul Ryan
(Image credit: (Win McNamee/Getty Images))

One of the central provisions of the Dodd-Frank financial reform package was the creation of the Consumer Financial Protection Bureau, which is charged with preventing banks and other financial institutions from preying on vulnerable consumers. Republicans hate the CFPB, and have taken to complaining about its funding stream, which comes from the Federal Reserve rather than the normal budgeting process.

They have a point, but they have only themselves to blame, since the GOP has all but relinquished its claim to responsible oversight by using the budget to cripple laws it doesn't like.

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