The Consumer Financial Protection Bureau is a bullshit rogue agency started by OBAMA in 2011.
It needs to be DISSOLVED.
why? what is it about the work they've done so far for us citizens, that you don't like?
It's another layer of bullshit bureaucracy.
We don't need to spend over $600 million per year for yet another agency that IS REDUNDANT, yet unaccountable to anyone. They get their budget from the FEDERAL RESERVE.
CFPB's structure insulates it from political accountability and internal checks and balances in violation of the United States Constitution. Unbridled from constitutionally-required accountability, CFPB has engaged in ultra vires and abusive practices, including attempts to regulate the practice of law (a function reserved for state bars), attempts to collect attorney-client protected material, and overreaching demands for, and mining of, personal financial information of American citizens, which has prompted a Government Accountability Office ("GAO") investigation, commenced on July 12, 2013.
Review the site for yourself.
Consumer Financial Protection Bureau
Look at their bullet points. These endeavors are covered by other agencies.....we dont need ANOTHER ONE.
Standing up for you
We hold companies accountable for illegal practices
$11.9 billion in relief
to consumers from our enforcement actions
29 million+ consumers
will receive relief because of our actions
We listen to consumers and make their voices heard
1.2 million+ complaints
we’ve handled from consumers
97% of consumers
get timely replies when we send their complaints to companies
Figures are updated quarterly. Last update on 07/20/2017
I WANT SMALLER GOVERNMENT.
