No Funding Request for CFPB, January 18, 2018

It is NOT NORMAL for the director of the Consumer Financial Protection Bureau to request no funding. Some, I suppose, might applaud the reduction of bureaucracy but this bureau was created because of the 2008 financial crisis and was designed as a check on predatory lenders, debt collectors, and fraud and deception in the financial industry. A request for zero dollars for the quarter certainly seems to indicate a lack of interest in serving as that check on the part of the current director.

Source: Politico.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s