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.

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