Consumer Protection Agency.
Sen Warren.
CORRUPTION/INFILTRATION/SLUSH FUND.
#Goodbye#
Q
Meanwhile, statutory provisions within Dodd-Frank allowed CFPB to skirt oversight from the president, the courts and Congress. The report listed how the agency avoids accountability from each branch:
The CFPB’s funding comes from the Federal Reserve, rather than from congressional appropriations;
A single director appointed by the president heads the agency for a fixed five-year term and can’t be fired except for cause; and
Federal courts must rely on CFPB’s interpretations of laws in crucial cases.
“These provisions violate constitutional norms of checks and balances on executive power and have led the CFPB to abuse its power, including by trying to regulate in areas where its statutory authority is expressly limited,”
http:// dailycaller.com/2017/09/21/elizabeth-warrens-consumer-protection-agency-should-be-abolished-says-think-tank/