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Keyword: consumerbureau

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  • At Last, Congress Checks Obama's Rogue Consumer Bureau

    05/20/2014 4:30:18 PM PDT · by jazusamo · 3 replies
    Investors.com ^ | May 20, 2014 | IBD Editorial
    Oversight: Congress and some others in the media finally see the urgency in reining in Obama's rogue, out-of-control, unaccountable and secretive Consumer Financial Protection Bureau. This is something we have urged since its inception. In 2010, the Dodd-Frank Act gave birth to what we have argued is the single most powerful and least accountable agency in Washington. CFPB has the power to police virtually every financial transaction in the economy. Yet it holds its meetings in secret, has no inspector general and is funded outside the normal congressional budget process. On Wednesday, the House Financial Services Committee will take up...