Supporters of the House's highly partisan process to overhaul Dodd-Frank are likely to face a stark political obstacle in the coming months: The United States Senate.
In the coming weeks, the House is likely to ram through a highly partisan bill that would, among other things, vastly decrease the power of the CFPB. But enactment of any regulatory overhaul is likely to require 60 votes in the Senate – a high hurdle that will require some compromise with Democrats.
And many Democrats are fans of the CFPB.
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