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Minnick’s Plan Ticks Off Barney Frank

“As soon as I saw the story, I called Minnick and said, ‘You’ve really gotta retract it,’” Frank told HuffPost, saying he was “absolutely opposed” to the proposal and told Minnick as much when they spoke about it last week. A Minnick spokesman didn’t return a call. The CFPA, which is still headed for a committee vote in October, Frank said, would be tasked with rating financial products and could restrict or ban those that it found to be deceptive and unsafe for consumers. It is fiercely opposed by both community banks and large financial institutions. Consumer groups were blindsided by the Blue Dog plan. “We did not know this was coming,” said Rep. Brad Miller (D-N.C.), the lead sponsor of the CFPA in the Financial Services Committee/ Ryan Grim , Huffington Post. More here . H/T: Jill Kuraitis, New West .

Question: Who wins a showdown between Barney Frank & Walt Minnick?

* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog