Last week, we told you how 44 U.S. senators are fighting to keep consumer and working family advocate Elizabeth Warren out of the top spot of the Consumer Financial Protection Bureau (CFPB), created by last year’s landmark Wall Street reform legislation.

Now House Republicans have jumped into the battle to help their Big Bank friends and gut the new rules that are designed to curb the worst abuses of Wall Street. They are trying to cut the CFPB’s funding before they even have the authority.

To prevent the consumer agency from falling prey to congressional political purse string pressure, it is funded independently by the Federal Reserve. But the fiscal year 2013 appropriations bill from the House Appropriations Committee would not only put the CFPB under the regular appropriations process, its funding level is $6 billion less than what President Obama’s budget plan calls for.

To preserve their independence, all other financial regulatory agencies are independently funded and not subject to the appropriations process. Warren and lawmakers who backed the Dodd-Frank Wall Street reform legislation have warned that if  the CFPB were subject to appropriations, Republicans would use the process to cut its funding.

Looks like they were right.

Don’t forget, you still have time to click here to send a message to President Obama urging him to use a recess appointment for Warren when the Senate is out of session. The CFPB is scheduled to open its doors July 12. So please act now.