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Report: CFPB stifles 150,000
jobs after controversial
‘recess’ appointment

Washington Examiner, by Joel Gehrke

Original Article

Posted By:KarenJ1, 12/14/2012 12:34:30 PM

President Obama’s Consumer Financial Protection Board, led by a ‘recess appointee’ installed when the Senate was actually in session, has blocked 150,000 jobs and made it difficult for lower-income Americans to access credit, according to a new House report. “In exercising its vast regulatory powers, the Bureau has not implemented adequate measures to fully assess and address the impact of its actions on credit access,” the House Oversight and Government Reform Committee states in a report released today. “Already, according to estimates, the CFPB has increased the cost of consumer credit by a total of $17 billion

Comments:
Here we have yet another example of the gross negligence and incompetence coming from the regime under Dodd-Frank. It is just appalling. What is even worse is that the CFPB is not accountable to congress. This should have never been allowed. Link that shows unaccountability: http://tinyurl.com/d775njj


      


Post Reply  

Reply 1 - Posted by: PageTurner, 12/14/2012 12:36:07 PM     (No. 9065437)

Just more from the moderate mainstream 1980s Republican. /s

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Reply 2 - Posted by: Country Boy, 12/14/2012 1:11:22 PM     (No. 9065526)

Eleven years ago some 20+ muslim terrorists knocked down the Trade Center and did other massive damage, loss of lives. Terrorists they do damage, kill and scare the heck out of everybody.

I think we have Muslim Terrorist version 2.0 in the White House. Only thing missing is massive loss of life. Maybe obamaCare will take care of that.

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Reply 3 - Posted by: mickeymat, 12/14/2012 1:12:54 PM     (No. 9065529)

I filed a complaint with the FDIC and of course they sent it to this agency. They are grossly incompetent, failed to read and understand my short complaint and offered no resolution to it. Instead they addressed an issue that was not an issue which then merited numerous communications from the bank in question none of which had anything to do with my complaint. LOSERS. And wasters of taxpayer funds.

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Reply 4 - Posted by: Grampy, 12/14/2012 1:22:26 PM     (No. 9065552)

So, we have an illegal head of an unaccountable government entity doing things to us and we have absolutely no recourse?

Bad things happen when people are cornered and desperate...

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Reply 5 - Posted by: tocsin, 12/14/2012 1:28:23 PM     (No. 9065570)

OP:´´What is even worse is that the CFPB is not accountable to congress.´´
Doesn´t Congress FUND them?
How can they not be accountable?
This government is totally out of control.
How long are we going to take it, America?

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Reply 6 - Posted by: Country Boy, 12/14/2012 1:44:04 PM     (No. 9065612)

#5 think the CFPB is funded by the FED Reserve Bank. Since they literally print money, probably out of the reach of House Republicans.

We have interlocking and layers of dictator ship.

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Reply 7 - Posted by: saguni, 12/14/2012 3:12:24 PM     (No. 9065786)

How dare you think that Duh Wun should wait for an actual Congressional recess before he makes a ‘recess’ appointment...he is the Messiah, he is a god on earth, he can do anything he wants and call it anything he wants.

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Reply 8 - Posted by: ColonialAmerican1623, 12/14/2012 10:15:02 PM     (No. 9066475)

G-d save US all.

If what you are doing is making things worse, maybe you should reinvent the wheel.

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Reply 9 - Posted by: Trigger2, 12/15/2012 4:26:05 AM     (No. 9066757)

Thank the demonrats and their incompetent hero Peelousy. Their paw prints are all over this one.

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