Senate Republicans are seeking greater congressional authority over the Consumer Financial Protection Bureau with new legislation out Wednesday.
Even a cursory examination reveals Richard Cordray to be more than just a self-promoting pit bull with vaguely monarchical tendencies. He is also a corrupt partisan hack.
The CFPB’s Harry-Potter-styled rebellion of mid-level bureaucrats seems a lot less like Dumbledore’s Army and a lot more like Dolores Umbridge.
The result of another affair suggests how this one will end. It also tells us a great deal about the way some in Washington see their job as ruling the people, not representing them.
How did the CFPB become an agency creating massive regulations without any checks and balances? Adam White explains on the Federalist Radio Hour.
‘I’m just learning about the powers that I have as acting director. They would frighten most of you.’
‘The Constitution and the law must prevail against the supposed resistance.’
President Trump must manage several crises if he is to make America great again. One of the most important: taming so-called independent regulatory agencies.
‘The Small Dollar Lending Rule’ would put massive restrictions on the short-term, high-risk loan industry—an industry that millions of Americans rely on.
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