Three first-term Ohio congressman, who sit on the powerful U.S. House Financial Services Committee and who can expect a tough fight for a 2nd term next year, added their votes to pass out reform legislation designed to protect consumers against unfair and dishonest financial marketplace practices by creating a Consumer Financial Protection Agency, an independent agency with broad authority to protect consumers in the financial marketplace......
.....(Rep. Brad) Miller was joined by Ohio Democratic congressmen Steve Driehaus (OH-01), Mary Jo Kilroy (OH-15) and Charles Wilson (OH-06) who voted along party lines in passing the bill out of committee 39-29. No Ohio republican congressman are members of this committee
The CFPA, as passed today by the House Financial Committee, would have authority to intervene over other primary banking regulators who fail at regulating smaller banks and credit unions, and to jump in when bigger bank and non-banks come into play.....
This sounds like legislation that protects people! (I wonder how Kilroy's Republican challenger, a former bank lobbyists, would have voted on this. He probably would have said it was unfair to banks.)**** I visited Republican candidate for governor Kasich's website. There are lots of generalities but few specifics on how he'll reform education and lower taxes. Kasich, who worked with Lehmann Brothers, also wants to cut out the influence of special interest groups. Hmmmm. Does he still serve on all those various Boards of Directors for businesses? Aren't they special interest groups?