Senior House Financial Services Committee member, Rep. Blaine Luetkemeyer (R-MO) told a conference of bankers Wednesday morning that they needed to “find a way to neuter” Sen. Elizabeth Warren, according to Politico. Luetkemeyer was at an American Bankers Association conference in Washington when he made the remark, also calling Warren “the Darth Vader of the financial services world.”
He’s also scored more than $63,000 from predatory payday lenders which Senator Warren sought to put out of business with a bill she proposed in 2014 that would replace them with the United States Post Office. Nearly one in ten service members end up taking out loans from these sketchy lenders with high interest rates and end up crushed under the weight of debt. “When these financial predators come after them I feel ashamed for the rest of us,” Warren said on an episode of “Taking The Hill.”
Luetkemeyer sponsored HR 766 last year, a bill that would close a Department of Justice (DOJ) effort that targets unscrupulous lending practices. In 2012, he proposed another bill that would weaken oversight of payday lenders by enabling them to skirt the regulatory authority of Warren’s previous project the Consumer Financial Protection Bureau and state laws that have just as much oversight or stronger.