WASHINGTON (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. Obama, in excerpts of remarks meant for delivery later Thursday, praised the Consumer Financial Protection Bureau for its proposal to set standards on a multibillion-dollar industry that has historically been regulated only at the state level. "As Americans, we believe there's nothing wrong with making a profit," Obama says, according to the excerpts.Read more on NewsOK.com