Yesterday, Sens. Pat Roberts (R-Kansas) and John Thune (R-S.D.) joined their Republican colleagues in blocking the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB), an agency created as part of the Wall Street reform legislation passed by Congress in 2010.
This weekend, both of those Senators are heading to New York City to raise money. Will they be getting their rewards from the Wall Street types who don’t want to see a functional and strong CFPB?
As we reported earlier this week, Thune has received $128,000 so far in 2011 from financial industry interests. His PAC received $1,000 in June from Stephen Clark, a lobbyist and the author of a recent memo sent to the American Bankers Association about ways the Occupy Wall Street movement can be discredited.
Sen. Roberts is headed to the big apple for a “Weekend in New York City” fundraising event.
Sen. Pat Roberts has raised at least $66,400 from Wall Street interests so far in 2011. While the PAC and executives of Koch Industries make up Roberts’ largest career donor, the American Bankers Association comes in second at $63,750 in donations over the years.