House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

[hazlnut]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

 

[martybegan]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

 

[Stephanie]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

yep, that's this administration for you...never enough Government for them

 

[Claudette]

Just what we need.

Another duplicate Govt agency.

No wonder we're broke. I wonder how many more Fed workers we'll be supporting with this POS agency??

 

[LogikAndReazon]

A protection bureau...............lmfao

 

[Leweman]

They must be following Obama's lead on how to govern.

 

[LogikAndReazon]

Any chance that an ignorant schmuck and financial illiterate like bawney mindless fwank had something to do with it ?

 

[Katzndogz]

They shouldn't throw a tantrum but a riot.

 

[nitroz]

How about we have our current agencies do some enforcing allready?

 

[CrusaderFrank]

That and the Department of "Education" need to be eliminated

 

[DiamondDave]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

You expect a troll like hazelnutbag to understand or even admit to how wrong it is??

Why??

Because trolling troll is still trolly

 

[DiamondDave]

How about we have our current agencies do some enforcing allready?

Enforcing something they have no constitutional charge to enforce??

idiotic

 

[hazlnut]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

Explain with links to proof.

And the thread topic was the Teatard getting his panties in a bundle.

 

[Yurt]

notice hazle has added nothing to this thread

 

[bodecea]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

yep, that's this administration for you...never enough Government for them

We need less government regulation....more like Texas.

 

[Dragonlady]

There is no other agency which has the mandate to protect consumers from abuses by bankers and others. The sheer number of poorly documented and invalid foreclosure actions during the sub-prime mortgage crisis makes it clear that there was no one that consumers could turn to.

The Republicans' objections to the agency is that it wields too much power and they want it weakened before they will support it. That's the Republicans for you, always wanting to protect the banks, never the people.

 

[Stephanie]

Another regulatory agency who's work scope is already overlapped by at least 2 other federal agencies (SCC, Federal Reserve) and all sorts of state and local agencies.

So add another layer of regs on, and of course, do nothing to clean up all the others.

yep, that's this administration for you...never enough Government for them

We need less government regulation....more like Texas.

well as we see they are SO good at it, they let the House of horror abortion clinic run for HOW LONG?
and how funny you didn't think to use that as a example..naaaaaaaaaa

 

[Truthmatters]

notice hazle has added nothing to this thread

yeah hazel get with it .

call someone a ball dragging goon with heir thumb up their ass.

quit talking all this facty stuff

 

[OriginalShroom]

the appointments Obama made that day were all illegal and Unconstitutional.

 

[Warrior102]

House GOP Throws Temper Tantrum Over The Consumer Financial Protection Bureau

House Republicans are now expressing their opposition to the new Consumer Financial Protection Bureau by stomping their feet and taking all their toys home.

Rep. Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, which enjoys jurisdiction over regulatory bodies like the CFPB, says he lacks the legal authority to invite the recess-appointed director of the CFPB, Richard Cordray, to testify on behalf of the agency.

“By law, the committee can receive this testimony only from a director who is appointed in accordance with the Constitution and the Dodd-Frank Act, which created the bureau,” said Hensarling.

Cordray’s nomination has been blocked by Senate Republicans who have conditioned their support on the administration and Congress first weakening the CFPB, the creation of which, in the wake of the financial crisis, most Republicans opposed. In response, President Obama offered Cordray a recess appointment, but the legal basis for recess appointments in general has been called into question by an appeals court decision earlier this year. That is Hensarling’s hook.

It's GWB's fault