By John Haeling
WASHINGTON (MNI) - Former senator Chris Dodd, co-creator of the Dodd-Frank
financial reform act, Tuesday defended the measure, saying the one key feature
-- the Consumer Financial Protection Bureau - remains crucial in protecting
Americans from big predatory practices.
Dodd was joined by sitting Senate Democrats in a press conference to defend
Dodd-Frank on the fifth anniversary of the bill's passage, and they pledged to
fight Republican efforts to dilute the regulations.
"If Dodd-Frank opponents try to open up loopholes, weaken regulation slash
funding for our regulators, and kill Dodd-Frank with a thousand cuts, they're
going to find Senate Democrats standing arm and arm against them," New York Sen.
Chuck Schumer said.
House Financial Services Com