Report: White House Weighs Options to Fire CFPB Director Cordray
The Trump White House is weighing its options to fire Consumer Financial Protection Bureau (CFPB) Director Richard Cordray.
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Top 10 Holdover Obama Bureaucrats President Trump Can Fire or Remove Today
The federal bureaucracy is comprised of about 2.6 million permanent employees protected by Civil Service and about 4,000 political appointees. Many of these bureaucrats are actively engaged in sabotaging President Trump’s agenda.
Cruz and Ratcliffe File Bills to Shut Down Consumer Financial Protection Bureau
Two Texas Republican lawmakers submitted matching bills in the House and Senate Tuesday to shut down the Consumer Financial Protection Bureau, an agency outside the direct oversight of Congress and the control of the president.
Appeals Court Rules Part of Obama’s Dodd-Frank Law Unconstitutional
A federal appeals court on Tuesday ruled a key part of Barack Obama’s Dodd-Frank law unconstitutional, calling it a “grave threat to individual liberty.” This tees up yet another case for an evenly divided Supreme Court, the balance of which will be decided by whether Donald Trump or Hillary Clinton is elected in November.
World View: Wells Fargo Receives Laughable ‘Punishment’ for Massive Criminal Fraud
Contents: Wells Fargo found to have defrauded millions of customers; Reasons given why no criminal prosecutions of bankers for criminal fraud
Obama: We Have To Make Sure Economic Gains ‘Felt By Everybody,’ Wall Street Should ‘Play By the Rules’
During Saturday’s Weekly Address, President Obama and Senator Elizabeth Warren (D-MA) touted the creation of the Consumer Financial Protection Bureau, with President Obama saying that “if you’re a hardworking American who plays by the rules, you should expect Wall Street
New CFPB Rule To Crush Payday Lending Industry Cheered by Google Backed Competitor
CFPB Director Richard Cordray says the agency is proposing “a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have the ability to repay their loans rule to end payday debt traps.”
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.
CFPB Now Regulating Potholes
This foray into the potholes and backroads of Tennessee is a new area of regulatory control, even for the CFPB. But, as American Banker reported, Congress granted the CFPB the authority to do so in an obscure passage of the Consumer Financial Protection Act of 2010, known more commonly as the Dodd-Frank Act.
CFPB Targets Prepaid Debit Card Industry
The federal government aims to “protect” consumers by regulating away a payment option that’s popular with low-income Americans.
Operation Choke Point Strikes Again: Banks Shut Down Business Accounts of Company Owned by Former Marine
While some optimistic members of Congress have recently claimed that Operation Choke Point is winding down, out in the real world small business owners like Brian Lynn are learning otherwise.
The Imperial Bureaucracy Has No Use For Accountability
The really dangerous development of the administrative state is that bureaucrats no longer fear the wrath of our elected representatives, many of whom are so interested in making the State bigger and richer that they’ll no longer countenance even token attempts at holding it responsible for its actions, because that would empower the people who want to make it smaller.
Obama Administration’s Operation Choke Point Goes After New Target: The Tobacco Industry
The Obama Administration’s “Operation Choke Point” is being used to target yet another legal industry: the tobacco industry.
