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Keyword: cfpb

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  • Senator slams bank gun policies, threatens consumer complaint

    04/12/2018 2:00:19 PM PDT · by Oldeconomybuyer · 25 replies
    Reuters ^ | April 12, 2018 | by Katanga Johnson
    A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services. Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies. “Our friends at Citigroup and Bank of America apparently aren’t busy enough with their banking business; they have decided that they are going to set policy for the second amendment,” the Louisiana lawmaker said, referring to the component of...
  • Mulvaney responds to Warren

    04/04/2018 9:31:13 AM PDT · by Cheerio · 6 replies
    PowerLine ^ | April 4, 2018 by Scott Johnson
    Today’s Wall Street Journal publishes a letter to the editor by OMB Director and Acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney. In the letter Mulvaney responds to the column by Senator Elizabeth Warren published in the Journal last week attacking his leadership of the CFPB. At NR, Ronald Rubin has another take on Warren’s column. Mulvaney’s letter seems to me a classic of the kind. I don’t think Mulvaney’s letter is subject to copyright and I am posting the whole thing below. Here it is: I write to correct misrepresentations made by Sen. Elizabeth Warren in “Republicans Remain...
  • Trump and the Great Unmasking of the Left

    03/28/2018 9:39:24 AM PDT · by detective · 10 replies
    American Thinker ^ | March 28, 2018 | Thomas Lifson
    Driven to desperation by their fury at President Trump’s election, his presidency, and Robert Mueller’s failure to substantiate the bogus Russia conspiracy fantasy, progressives are escalating their rhetoric, and in the process, unmasking their true beliefs. For decades, they have obscured their real goals, and pretended to be interested in moderate, incremental measures that they believe would be acceptable to mainstream Americans. Using terms like “compassion” and “fairness,” they have sought to justify handing more and more power to the state, and the importation of a population amenable to state control of all aspects of life. But in reaction to...
  • Chuck-You Celebrates: The Era of Austerity Is Over

    03/22/2018 2:14:37 PM PDT · by Kaslin · 13 replies
    Rush Limbaugh.com ^ | March 22, 2018 | Rush Limbaugh
    RUSH: Here’s Chuck You Schumer. This is in Washington today on the Senate floor. Audio sound bite No. 24. SCHUMER: Overall, we Democrats are very happy with what we’ve been able to accomplish on a number of very important priorities to the middle class in America: infrastructure, education, opioid treatment, mental health, child care. This spending agreement brings that era of austerity to an unceremonious end and represents one of the most significant investments in the middle class in decades. RUSH: I don’t know, folks. I just want to puke when I hear this stuff. I just want to vomit....
  • Under Trump, Elizabeth Warren Suddenly Discovers the Downside of Unaccountable.....

    03/23/2018 3:29:56 PM PDT · by yoe · 11 replies
    Reason ^ | March 21, 2018 | A. Barton Hinkle
    ... Federal AgenciesIf Massachusetts Sen. Elizabeth Warren had taken a page out of Virginia Delegate Nick Freitas' book, she might not be in the pickle she is today. Warren (is spitting mad) at Mick Mulvaney, the Office of Management and Budget director who does double duty heading up an agency whose creation Warren championed: the Consumer Financial Protection Bureau (CFPB). The CFPB's previous director was an ideological ally of Warren. Since Mulvaney took over, Warren has ripped the agency's decisions. Warren (said) Mulvaney is giving "the middle finger" to consumers, and she (railed at) Mulvaney's indifferent response to the 10...
  • MORE NEVER-TRUMP MORAL PREENING

    03/07/2018 5:34:30 AM PST · by SJackson · 6 replies
    Frontnpagemagazine ^ | March 7, 2018 | Bruce Thornton
    Smug self-congratulation and groveling delight in being praised by progressives. Bruce Thornton is a Shillman Journalism Fellow at the David Horowitz Freedom Center. President Trump in his first year has succeeded at realizing many long-time conservative goals like tax reform and deregulation, to name a few. But for NeverTrump grumps, these achievements seem to intensify their bitter-ender anger at a political parvenu. Puffed up with self-regard about the purity of their “principles,” many have doubled-down on their criticisms of Trump’s brash, vulgar demeanor, coming off like the pompous Judge Smails sputtering over Al Czervik’s trashing of the Bushwood Country Club....
  • UH-OH: Inspector General Reveals Laptops Mysteriously Missing From Elizabeth Warren’s CFPB

    02/07/2018 8:46:51 AM PST · by markomalley · 45 replies
    Gateway Pundit ^ | 2/7/18 | Joshua Caplan
    The Consumer Financial Protection Bureau, the brainchild of Senator Elizabeth Warren (D-MA), is having difficulty accounting for laptops belonging to the agency. According to the CFPB’s Inspector General, a number of laptops have gone missing despite the agency sending out an “early alert memorandum,” on how to prevent inventory loss back in 2016. National Law Review reports: The CFPB’s Office of Inspector General has issued a report indicating that, in performing an audit of the CFPB’s encryption of data on mobile devices issued to staff members, the OIG found the CFPB had not yet completed all of the steps previously...
  • Black Lives Matter and Antifa Vow to Target Super Bowl LII

    01/31/2018 4:30:12 PM PST · by markomalley · 86 replies
    Gateway Pundit ^ | 1/31/18 | Cassandra Fairbanks
    On Monday, banners were dropped by members of Black Lives Matter and Antifa during the Super Bowl LII’s media event warning that “#WeReadyWeComin.”As the two large banners were dropped inside, hundreds of leftist protesters marched in the streets and blocked traffic surrounding the event at the Xcel Energy Center. Many of the demonstrators have formed an Antifa-aligned group calling themselves the  “Super Bowl Anti-Racist Anti-Corporate Coalition.”According to their Facebook page, the group is planning to hold protests every day leading up to the main event. “Their plans will culminate on Sunday, February 4, with a 3pm rally at Peavey Park...
  • Wait until you see the CFPB’s budget request for this quarter

    01/21/2018 9:04:39 AM PST · by TangoLimaSierra · 10 replies
    hotair.com ^ | 1/19/18 | Jazz Shaw
    Having observed the workings of federal bureaucracies over a number of years, most of you are aware of how the budget process works for the various departments of the federal government. Everyone scrapes and claws for every penny they can get their hands on and studiously ensures that they spend the entire pot so they can ask for more money next time. This is one of the central premises of The Weed Agency (which you should absolutely read if you didn’t catch it when it first came out). But what happens when somebody breaks that mold? We’re about to find...
  • Charting a New Course for the Consumer Financial Protection Bureau

    01/19/2018 9:27:10 AM PST · by b4its2late · 15 replies
    RealClearPolicy.com ^ | January 17, 2018 | By Mike Hunter
    Last month, Richard Cordray stepped down from his post as the first Director of the Consumer Financial Protection Bureau (CFPB). The CFPB now has the opportunity to move in a new direction — one that respects constitutional limits, promotes a healthy and well-functioning financial system, and thereby benefits consumers. The CFPB was established on two false premises: first that there were no consumer financial protections in place prior to the Dodd-Frank Act; second, that the CFPB was necessary to prevent a repeat of the 2008 financial crisis. Both assumptions deserve more careful examination. The reality is that federal consumer protection...
  • After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands

    01/15/2018 7:31:00 AM PST · by Cheerio · 13 replies
    The Daily Signal ^ | January 14, 2018 | Fred Lucas
    FULL TITLE: After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands Reversal A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of cybersecurity concerns. But Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which critics say has too much and often undefined power, strongly objected to the agency’s temporary halt in data collection just last week. “CFPB cannot fulfill its core functions without...
  • U.S. judge denies effort to stop Mulvaney from heading consumer watchdog

    01/11/2018 10:30:22 AM PST · by Oldeconomybuyer · 7 replies
    Reuters ^ | January 10, 2018 | Staff
    A U.S. federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget director Mick Mulvaney from taking control of the agency. The deputy director, Leandra English, has challenged Mulvaney’s right to lead the consumer watchdog bureau, citing her endorsement by former CFPB Director Richard Cordray, an appointee of the Obama administration who stepped down in November. “English has not demonstrated a likelihood of success on the merits or shown that she will suffer irreparable injury absent injunctive relief,” Judge Timothy Kelly, of U.S. District Court...
  • Court rules in favor of Trump over fate of consumer watchdog [CFPB]

    01/10/2018 7:27:23 PM PST · by Olog-hai · 21 replies
    Associated Press ^ | Jan 10, 2018 9:35 PM EST | Ken Sweet
    A federal judge ruled late Wednesday in favor of President Donald Trump and the White House over the control of the national financial watchdog agency, the Consumer Financial Protection Bureau. In a 46-page opinion, Judge Timothy Kelly denied Leandra English, the deputy director of the CFPB, a preliminary injection that would have stopped Mick Mulvaney, Trump’s budget director, from taking on a second role as acting director of the agency. The conflict arose late last month when Richard Cordray, named by President Barack Obama to lead the CFPB, stepped down and named English as his replacement. In response, the White...
  • EXCLUSIVE: A New CFPB Scandal – Cost Overruns for Its New Lux Headquarters

    01/08/2018 11:05:33 AM PST · by confederatecarpetbag · 20 replies
    Daily Caller ^ | Jan. 7, 2018 | Richard Pollack
    Renovation costs for the brand new Consumer Financial Protection Bureau headquarters have skyrocketed, posting 25 percent in cost overruns. Original cost estimates for the CFPB’s renovation were estimated at $55 million, but the bureau ran up the proposed cost to $216 million. The Federal Reserve Inspector General rejected the proposal in 2014, saying there was no “sound basis” for the figure. As the CFPB renovation costs continued to escalate, renovation was taken out of the CFPB’s hands and transferred to the General Services Administration (GSA). GSA’s budget, however, was nearly twice the original $55 million, hitting $99 million.
  • Elizabeth Warren’s CFPB spent lavishly on its new headquarters

    01/08/2018 8:18:21 AM PST · by SeekAndFind · 9 replies
    American Thinker ^ | 01/07/2018 | Thomas Lifson
    It should come as no surprise the federal bureaucrats who are shielded from any accountability ran up costs for remodeling the office space for their new headquarters from a first estimate of $55 million to an eventual $124 million.  They actually wanted to spend a total of $216, until the adults stepped in.  Elizabeth Warren deliberately designed the Consumer Financial Protection Bureau (CFPB) to be insulated from congressional oversight by making it dependent on funding from the Federal Reserve System, which, you may remember, prints up (physically and digitally) our money and isn’t dependent on congressional appropriations. If someone...
  • Newt Gingrich: ‘The stage is being set’ for GOP landslide in 2018

    12/28/2017 10:12:28 AM PST · by jazusamo · 90 replies
    The Washington Times ^ | December 28, 2017 | Jessica Chasmar
    Newt Gingrich said Thursday that Democrats are headed for a major political upset in 2018, mostly due to the mainstream media’s dishonesty and the party’s inability to learn from its own mistakes. “The great political surprise of 2018 will be the size of the Republican victory,” the former Republican House Speaker wrote in a column for Fox News. “After members of the elite media have spent two years savaging President Trump, lying about Republican legislation, and reassuring themselves that Republican defeat was inevitable, the size of the GOP victory in 2018 will be an enormous shock.” Mr. Gingrich said the...
  • We're Going to Win So Much you'll be Tired of Winning.

    12/17/2017 7:59:10 AM PST · by x1stcav · 34 replies
    DB Daily Update ^ | 12/17/17 | David Blackmon
    <p>The economy is booming, with the New York branch of the Federal Reserve now estimating it will grow at the pace of 3.98% in the fourth quarter. That would represent our third straight quarter above 3% economic growth, a feat not achieved in over a decade.</p>
  • Sadly, Trump Is Winning (HuffPo Schadenfreude!)

    12/09/2017 8:56:02 PM PST · by bigbob · 60 replies
    Huffington (Puffington) Post ^ | 12-8-17 | Earl Ofari Hutchinson
    This is one of the hardest things I’ve ever had to write and admit: Trump is winning. In the brief space of a week, he won a brief court fight to shove Mick Mulvaney to head the Consumer Financial Protection Bureau. Mulvaney wasted no time in unhinging a spate of consumer protection rulings, regulations, and personnel hires made during the Obama years. His SCOTUS pick, Neil Gorsuch, eagerly cast a vote to impose the Muslim travel ban. His EPA head, Scott Pruitt, delivered a couple million acres of public monument land in the West to oil, gas, and coal industry...
  • Cause of Action Targets CFPB, EPA Feds Using Encryption to Hide Public Docs

    12/09/2017 5:14:50 PM PST · by Twotone · 23 replies
    Lifezette ^ | December 9, 20217 | Brendan Kirby
    Agents of the federal government have been sending coded messages to one another, but they aren’t deep-cover spies evading the Russian spooks or transmitting North Korean launch codes. They are run-of-the-mill bureaucrats who appear to be using digital technology to evade the American people and their representatives in Congress and the White House. “There’s no elected control if the bureaucrats can have conversations that are not reviewable by elected officials,” said John Vecchione, president and CEO of the Cause of Action Institute (COA). “They can’t control the bureaucracy.” Vecchione’s group filed a Freedom of Information Act (FOIA) request earlier this...
  • Judd Gregg: Elizabeth Warren and the CFPB

    12/07/2017 6:45:16 AM PST · by george76 · 18 replies
    The Hill ^ | 12/04/17 | JUDD GREGG
    Dodd-Frank financial regulation bill ... The Consumer Financial Protection Bureau (CFPB) was inserted in the bill, which passed on a partisan vote. All the Democrats voted for it. ... The power invested in the director of the CFPB was, and still is, unencumbered by any limiting authority of those elected to govern. He is a person who under Dodd-Frank answers to no-one. His agency receives its funding without any limitation or congressional oversight, as it has a “put” to the unlimited resources of the Federal Reserve rather than the congressionally-appropriated budget. The director of the bureau is essentially an unelected,...