Difference between revisions of "Consumer Financial Protection Bureau"
| Line 1: | Line 1: | ||
| − | The | + | ==CFPB corruption== |
| + | The [[Consumer Financial Protection Bureau]] (CFPB) was created in 2009 by a majority Democrat Congress and signed into law by President Obama with Elizabeth Warren's as its first head.<ref>[http://www.ornery.org/essays/warwatch/2010-09-19-1.html Obama Spits on the Constitution]</ref> | ||
| + | The CFPB was found to be a massive fundraising scam, tapping into the [[U.S. Treasury]] to support Democrat pet projects by awarding contracts to Democrat operatives and organizations. ''The Daily Caller'' reported: {{quotebox|"Obama’s presidential campaign advertising agency received nearly $60 million in federal contracts after he took office...The overwhelming majority of the $58 million funneled to GMMB came from the Consumer Financial Protection Bureau (CFPB) created by Democratic Sen. Elizabeth Warren in 2011. The CFPB awarded the agency a whopping $43.7 million, about 75 percent of GMMB’s total federal funding stream. The second-most lucrative government account for GMMB is a community service agency founded by Bill Clinton, the Corporation for National and Community Service, which awarded GMMB $13.1 million worth of contracts...."<ref>[https://amp.dailycaller.com/2017/09/13/exclusive-obamas-top-campaign-ad-firm-got-nearly-60m-in-federal-contracts ''Obama’s Top Campaign Ad Firm Got Nearly $60M In Federal Contracts''], The Daily Caller, September 13th, 2017.</ref>}} | ||
| − | [[Mick Mulvaney]] | + | The ''[[Wall Street Journal]]'' reported, "The pride of Harvard Law School, Ms. Warren is a hero to the political Left for proposing a new bureaucracy to micromanage the services that banks can offer consumers. But she is also so politically controversial that no less a liberal lion than Connecticut Senator [[Chris Dodd]] has warned the White House that she probably isn't confirmable."<ref name=wsj>[http://online.wsj.com/article_email/SB10001424052748703440604575495681843430198-lMyQjAxMTAwMDEwODExNDgyWj.html Elizabeth III - Obama to Senate: Stick that in your advice and consent clause.]</ref> |
| + | |||
| + | [[Mick Mulvaney]] was appointed by President [[Donald Trump]] to clean up the agency. He assumed the role after a power struggle with Deputy Director Leandra English. | ||
| + | |||
| + | ==Services== | ||
| + | The CFPB has allowed liberal activists to raise the cost of [[credit]] and cause many people who were formerly able to apply for and be allotted lines of credit to no longer be able to do so. | ||
| − | |||
| − | |||
==References== | ==References== | ||
Revision as of 19:30, December 31, 2018
CFPB corruption
The Consumer Financial Protection Bureau (CFPB) was created in 2009 by a majority Democrat Congress and signed into law by President Obama with Elizabeth Warren's as its first head.[1]
The CFPB was found to be a massive fundraising scam, tapping into the U.S. Treasury to support Democrat pet projects by awarding contracts to Democrat operatives and organizations. The Daily Caller reported:
"Obama’s presidential campaign advertising agency received nearly $60 million in federal contracts after he took office...The overwhelming majority of the $58 million funneled to GMMB came from the Consumer Financial Protection Bureau (CFPB) created by Democratic Sen. Elizabeth Warren in 2011. The CFPB awarded the agency a whopping $43.7 million, about 75 percent of GMMB’s total federal funding stream. The second-most lucrative government account for GMMB is a community service agency founded by Bill Clinton, the Corporation for National and Community Service, which awarded GMMB $13.1 million worth of contracts...."[2]
The Wall Street Journal reported, "The pride of Harvard Law School, Ms. Warren is a hero to the political Left for proposing a new bureaucracy to micromanage the services that banks can offer consumers. But she is also so politically controversial that no less a liberal lion than Connecticut Senator Chris Dodd has warned the White House that she probably isn't confirmable."[3]
Mick Mulvaney was appointed by President Donald Trump to clean up the agency. He assumed the role after a power struggle with Deputy Director Leandra English.
Services
The CFPB has allowed liberal activists to raise the cost of credit and cause many people who were formerly able to apply for and be allotted lines of credit to no longer be able to do so.
References
- ↑ Obama Spits on the Constitution
- ↑ Obama’s Top Campaign Ad Firm Got Nearly $60M In Federal Contracts, The Daily Caller, September 13th, 2017.
- ↑ Elizabeth III - Obama to Senate: Stick that in your advice and consent clause.