Trump Cracks Down On The Left-Wing’s CFPB Disgusting Spending Habits

April 4, 2018
540 Views

The Left-Wing Is Bound To Feel This Crunch

The Left loves their regulations so long as it’s not over their own socialist organizations. The CFPB ( Consumer Protection Financial Bureau) is about to receive some much-needed revamping. A writer with American Thinker broke it all down for you to look over.

As Written By Monica Showalter With Fox News:

One of the most out-of-control federal agencies, the zero-accountability, zero-budget-constraints Consumer Protection Financial Bureau. is finally looking at efforts to rein it in, courtesy of the Trump administration.

In a story that ran in today’s Wall Street Journal:

WASHINGTON—The Trump administration wants to limit a federal regulator’s independence in policing the consumer-finance industry, the latest salvo by the White House to roll back Obama-era oversight put in place after the financial crisis.

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, on Monday asked Congress to pursue sweeping changes giving the executive and legislative branches control over the bureau’s regulations, leadership and budget. Major CFPB rules would need congressional approval, for instance, and the CFPB’s director would answer directly to the president, instead of being fully independent. Its funding, which currently comes from the Federal Reserve, would be handled by Congress.

The changes would be a substantial departure from the CFPB’s structure, which currently gives it wide latitude to oversee consumer financial products without interference from Congress or the White House, and make it less independent than other banking and markets regulators.

“The bureau is far too powerful, and with precious little oversight of its activities,” Mr. Mulvaney said in a report on the CFPB sent to Congress. Supporters counter the bureau was set up after the financial crisis to be insulated from politics.

Independence? That’s a laugh. There’s not a thing independent about this Democratic Party slush fund that operates with an unlimited budget, courtesy of the Federal Reserve and its capacity to actually print money…

Keep Reading More Here: Trump cracks the whip on leftwing CFPB

You may be interested

Melania Trump Explains The Difference Between An Activist And Her Son
News For You
4367 views
News For You
4367 views

Melania Trump Explains The Difference Between An Activist And Her Son

Simon Daily - December 15, 2019

Dems don't seem to understand the difference between Barron Trump and Greta Thunberg. Thunberg is an activist making speeches to…

Jill Biden Claims Trump Is Afraid Of Joe
News For You
2472 views
News For You
2472 views

Jill Biden Claims Trump Is Afraid Of Joe

Simon Daily - December 15, 2019

Dem Presidential Candidate Joe Biden is out campaigning again and this time it appears he brought his wife along to…

Alan Dershowitz Claims The SCOTUS Practically Ruined The Dem’s Case For Impeachment
News For You
6950 views
News For You
6950 views

Alan Dershowitz Claims The SCOTUS Practically Ruined The Dem’s Case For Impeachment

Simon Daily - December 15, 2019

The Dems have pushed forth two articles of impeachment: abuse of power and obstruction of Congress. Alan Dershowitz claims that…