
Senator David Perdue Introduces Bill to Rein in CFPB
One of the unusual aspects of Dodd-Frank is that, in effect, it removed the CFPB from the Congressional appropriations process and gave CFPB what amounts to an unlimited budget.

One of the unusual aspects of Dodd-Frank is that, in effect, it removed the CFPB from the Congressional appropriations process and gave CFPB what amounts to an unlimited budget.

Tuesday’s subcommittee hearing on Operation Choke Point is likely to be just the beginning of even stronger efforts by members of Congress to call executive agencies to account for their ongoing abuses of power as part of Operation Choke Point. Whether Congress will choose to exercise its constitutional authority and fire out-of-control executive bureaucrats as a first step in reasserting its legitimate powers remains to be seen.

The Consumer Financial Protection Bureau seems to be playing a much larger role in the Obama administration’s Operation Choke Point these days. But you wouldn’t know that from the gentle questioning of CFPB Director Richard Cordray on Capitol Hill.

Rep. Sean Duffy (R-WI) confirms that Congress will hold hearings on Operation Choke Point in February. Sources tell Breitbart News that Representative Duffy may not be the only Congressional committee chairman who will hold hearings on the Obama administration’s controversial Operation Choke Point.