Quietly Killing a Consumer Watchdog

If you’d like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months:

¶It called a halt to predatory practices by mortgage lenders, ensuring that borrowers are not saddled with loans they can’t afford and preventing brokers from earning higher commissions for higher interest rates. 

¶It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.