Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) was created as part of the 2008 Financial Crisis bailout bill by a majority Democrat Congress and signed into law by President Obama with Elizabeth Warren's as its first head. It is part of a massive scam to funnel money from the U.S. Treasury to Democratic party operatives and organizations as Rahm Emanuel declared, "you never want a crisis to go to waste." 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 [AmeriCorps], which awarded GMMB $13.1 million worth of contracts...."

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."

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.