Should the Consumer Financial Protection Bureau be deleted by Musk to save money? (Poll)

[kyzr]

The CFPB is under the Federal Reserve.
I'm wondering how there could be "price gouging" with the CFPB on the job protecting consumers???
How could there have been the FTX scam with the CFPB on the job?

Submit a complaint | Consumer Financial Protection Bureau

Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

www.consumerfinance.gov

Consumer Financial Protection Bureau - Wikipedia

en.wikipedia.org

The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession[3] and is an independent bureau within the Federal Reserve.[4] The CFPB's status as an independent agency has been subject to many challenges in court. In June 2020, the United States Supreme Court ruled that the president can remove the director without cause but allowed the agency to remain in operation. The Bureau is one of the agencies that Project 2025 advocates that Congress should cut.

This is one example of an agency that needs to be eliminated by Elon Musk's commission.

 

[rampart]

The CFPB is under the Federal Reserve.
I'm wondering how there could be "price gouging" with the CFPB on the job protecting consumers???
How could there have been the FTX scam with the CFPB on the job?

Submit a complaint | Consumer Financial Protection Bureau

Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

www.consumerfinance.gov

Consumer Financial Protection Bureau - Wikipedia

en.wikipedia.org

The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession[3] and is an independent bureau within the Federal Reserve.[4] The CFPB's status as an independent agency has been subject to many challenges in court. In June 2020, the United States Supreme Court ruled that the president can remove the director without cause but allowed the agency to remain in operation. The Bureau is one of the agencies that Project 2025 advocates that Congress should cut.

This is one example of an agency that needs to be eliminated by Elon Musk's commission.

when did "price gouging" become the purview of an agency that has tried to protect banking customers?

 

[westwall]

The CFPB is under the Federal Reserve.
I'm wondering how there could be "price gouging" with the CFPB on the job protecting consumers???
How could there have been the FTX scam with the CFPB on the job?

Submit a complaint | Consumer Financial Protection Bureau

Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

www.consumerfinance.gov

Consumer Financial Protection Bureau - Wikipedia

en.wikipedia.org

The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession[3] and is an independent bureau within the Federal Reserve.[4] The CFPB's status as an independent agency has been subject to many challenges in court. In June 2020, the United States Supreme Court ruled that the president can remove the director without cause but allowed the agency to remain in operation. The Bureau is one of the agencies that Project 2025 advocates that Congress should cut.

This is one example of an agency that needs to be eliminated by Elon Musk's commission.

Agreed

 

[struth]

when did "price gouging" become the purview of an agency that has tried to protect banking customers?

so you are saying banks, credit unions etc aren't price gouging? what companies are the ones price gouging?

 

[CrusaderFrank]

3/4 of the Federal government needs to be eliminated

 

[rampart]

so you are saying banks, credit unions etc aren't price gouging? what companies are the ones price gouging?

no. those institutions have been shown to be at ",pral hazard" (a vanking term, not religious) if they are not strictly regulated. the cpfb was created as a 2008 crash reform, not as a check on inflation of gasoline and groceries.

 

[struth]

no. those institutions have been shown to be at ",pral hazard" (a vanking term, not religious) if they are not strictly regulated. the cpfb was created as a 2008 crash reform, not as a check on inflation of gasoline and groceries.

so you are saying banking institutions aren't price gouging? I just want to be clear.

What companies are the ones price gouging? Can you list them?

 

[rampart]

so you are saying banking institutions aren't price gouging? I just want to be clear.

What companies are the ones price gouging? Can you list them?

no, again, i am not saying tha\t at all, it is illogical to assume so, and you are now back where you belong, on ignore

 

[struth]

no, again, i am not saying tha\t at all, it is illogical to assume so, and you are now back where you belong, on ignore

so what is wrong with asking the why Harris and the Xiden admin haven't used the CPFB to deal with the price gouging in the banking industry?

 

[Foxfyre]

The CFPB is under the Federal Reserve.
I'm wondering how there could be "price gouging" with the CFPB on the job protecting consumers???
How could there have been the FTX scam with the CFPB on the job?

Submit a complaint | Consumer Financial Protection Bureau

Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.

www.consumerfinance.gov

Consumer Financial Protection Bureau - Wikipedia

en.wikipedia.org

The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession[3] and is an independent bureau within the Federal Reserve.[4] The CFPB's status as an independent agency has been subject to many challenges in court. In June 2020, the United States Supreme Court ruled that the president can remove the director without cause but allowed the agency to remain in operation. The Bureau is one of the agencies that Project 2025 advocates that Congress should cut.

This is one example of an agency that needs to be eliminated by Elon Musk's commission.

Trump and Musk's goal is not to eliminate all government or any government agencies that are accomplishing good and necessary things for Americans. If the CFBP is doing that, they will be safe from any significant changes.

If they are not accomplishing any measurable good/necessary things for Americans, hopefully they will be given a reasonable shut down date to give employees a reasonable time to find new jobs if they want them, and then they'll be gone.

 

[kyzr]

no. those institutions have been shown to be at ",pral hazard" (a vanking term, not religious) if they are not strictly regulated. the cpfb was created as a 2008 crash reform, not as a check on inflation of gasoline and groceries.

So how did they do with the FTX scam and regulating crypto generically? They are a waste.

 

[kyzr]

Trump and Musk's goal is not to eliminate all government or any government agencies that are accomplishing good and necessary things for Americans. If the CFBP is doing that, they will be safe from any significant changes.

If they are not accomplishing any measurable good/necessary things for Americans, hopefully they will be given a reasonable shut down date to give employees a reasonable time to find new jobs if they want them, and then they'll be gone.

Read the wiki link in the OP. CFPB was created by Pocohantas and put under the Fed to keep them hidden.
Trump and the USSC put them under the president, but they really need to be eliminated.

 

[Foxfyre]

Read the wiki link in the OP. CFPB was created by Pocohantas and put under the Fed to keep them hidden.
Trump and the USSC put them under the president, but they really need to be eliminated.

Warren promoted it yes, but it was Barack Obama made it happen. And if it is indeed useless or ineffective or unnecessary, I would expect it to be subject to the chopping block. The concept itself I don't object to but I do question whether it could not be just as effectively administrated under another department where it wouldn't need its own infrastructure etc.

 

[1srelluc]

I bet they have an armed enforcement dept too.