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Wednesday, December 7, 2016

A top Senate Republican on Sunday said the new consumer agency created by last year’s Wall Street reform law to protect the public from financial fraud was “Stalinist.”

Speaking with David Gregory on NBC’s “Meet The Press,” South Carolina Senator Lindsey Graham defended the GOP’s filibuster this week of the president’s nominee to lead the new body as stemming from concern about its power and independence — exactly the things most consumer advocates think makes it a valuable new tool in an era of Wall Street speculation, predatory lending, and illegal foreclosure.

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