“The [Consumer Financial Protection] Bureau is far too powerful, with precious little oversight of its activities,” CFPB acting director Mick Mulvaney said in a statement Monday. “The power wielded by the Director of the Bureau could all too easily be used to harm consumers, destroy businesses, or arbitrarily remake American financial markets.” The CFPB appears tyrannical in that it appears to accumulate “legislative, executive, and judiciary, [powers] in the same hands”.Read More
Tag: Elizabeth Warren
The latest update from the once, largely unknown Consumer Financial Protection Bureau (CFPB), includes new revelations from a consultant who worked with CFPB on its Civil Penalty Fund. This individual claims the organization funneled a large portion of over $5 billion in collected penalties to “community organizers aligned with Democrats” as part of a giant slush fund. CFPB was the brainchild of Senator Elizabeth Warren and was inserted into the Dodd Frank bill before it was passed. The legislation was ironically meant to reform the financial sector and protect the public from predatory and dangerous practices. The Hill shared: The...Read More
Is the real reason behind Senator Elizabeth Warren’s outrage over Mick Mulvaney’s appointment as director of the Consumer Financial Protection Bureau (CFPB) about her own political survival? CFPB’s own General Counsel – who was hired under [outgoing director] Richard Cordray – has notified the Bureau’s leadership that she agrees with the Administration’s and DOJ’s reading of the law, there should be no question that Director Mulvaney is the Acting Director,” White House Press Secretary Sarah Sanders said in a statement. “It is unfortunate that Mr. Cordray decided to put his political ambition above the interests of consumers with this stunt....Read More
Thank You for Sharing ADN
With your help, we are reaching millions with messages of truth. We Thank You for making ADN a success and look forward to continuing.