Congressional Opponents of Consumer Financial Protection Bill Got Big Money from Wall Street Interests

On Thursday, the House Financial Services Committee approved H.R. 3126, which would create a new executive branch agency to oversee consumer financial protections and is known as the Consumer Financial Protection Agency Act.

Opponents of the legislative proposal received an average of 20 percent more in contributions from financial interests over the past two-and-a-half years than the bill's supporters, a Center for Responsive Politics review has found.