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Don´t Pick A New Head For
CFPB — Close It Down Instead

Investor’s Business Daily, by Staff

Original Article

Posted By:RockyTCB, 11/17/2017 5:29:22 AM

Regulation: Like so many bureaucracies, the Obama-era Consumer Financial Protection Bureau, a creation of the Dodd-Frank financial reform bill, began with the very best of intentions. But it has failed to do its job. Following the resignation of CFPB chief Richard Cordray, it´s a good time to consider shutting down the agency altogether. CFPB is often mischaracterized as a "consumer watchdog" in the mainstream media. Consumer attack dog is more like it. Set up to protect consumers from predatory lenders and rogue banks, the CFPB has in fact led to less credit for financially troubled Americans, and is arguably not even legal.

      


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Reply 1 - Posted by: hpmatt, 11/17/2017 6:26:09 AM     (No. 11454366)

Really - why doesn’t Trump ‘think outside of the box’ on such sweet hanging curveballs??? This is a no-brainer.

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Reply 2 - Posted by: h24015, 11/17/2017 6:49:17 AM     (No. 11454377)

It´s ridiculously inane to hear the mantra that tax bills must be revenue neutral when there is so much corrupt and fraudulent government available to be drained.

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Reply 3 - Posted by: Felixcat, 11/17/2017 7:37:56 AM     (No. 11454422)

Close it down and Mrs. Petraeus can find another $175,000 BS job.

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Reply 4 - Posted by: rolfnader, 11/17/2017 7:54:21 AM     (No. 11454438)

NOW I remember the names Chris Dodd and Bonnie Frank! Aren´t those the same guys who caused the real estate bubble-burst in the first place?

Thought so.

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Reply 5 - Posted by: Pluperfect, 11/17/2017 8:51:50 AM     (No. 11454496)

Of course close it down. It´s a marginally good idea run amok with unaccountable directors and members.

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Reply 6 - Posted by: curious1, 11/17/2017 9:02:52 AM     (No. 11454508)

Congress set it up, just like the EPA and the DOE and the DOE(nergy) and etc. They need to shut it down. I expect Trump would happily sign the bill to do so. But we the people have to send conservatives to congress in order to get that done. Not leftards calling themselves pubbies or conservatives.

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Reply 7 - Posted by: JansGraphix, 11/17/2017 9:57:23 AM     (No. 11454595)

I would expect that Trump WOULD indeed shut it down and maybe some others, but ... consider the fact that he is up to his neck in his own swamp of liberal democrap advisers that he has made very plain that he totally trusts and relies upon. Including his liberal Manhattan relatives. That HAS to be SOME influence.

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Reply 8 - Posted by: doctorfixit, 11/17/2017 10:33:52 AM     (No. 11454636)

Absolutely. If Democrats regain control, they will put this monster on meth injections. Kill it now.

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Reply 9 - Posted by: dvc, 11/17/2017 11:28:34 AM     (No. 11454692)

It is a slam dunk guarantee that ANYTHING that is a pet project of Sen Warren will be a destructive leftist disaster. This is a perfect example.

This agency needs to be crippled as much as possible by Trump, probably can just not appoint a replacement and leave them to founder, but he cannot eliminate it, AFAIK, since it was created by Congress. Congress needs to write it out of existence.

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Reply 10 - Posted by: TOOTALL, 11/17/2017 5:41:11 PM     (No. 11455033)

´DRAIN THE SWAMP!´ -Screaming intentional!

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