Rep. Duffy Leads Bipartisan House Push for CFPB Oversight
Rep. Sean Duffy (R-WI) recently argued before the U.S. House of Representatives regarding the “dangerous” nature of the Consumer Financial Protection Bureau (CFPB). Duffy gave an impassioned…
Consumer Bureau Comes Under Fresh Attack
Thirty months after it opened its doors, the Consumer Financial Protection Bureau is still fending off efforts to weaken its powers, or declare it unconstitutional. Last month, the Supreme Court heard oral arguments in a…
Sen. Paul announces ‘historic’ class-action suit over NSA spying
Sen. Rand Paul on Wednesday announced what he described as one of the largest class-action lawsuits in history, taking President Obama and top intelligence officials to court over National Security Agency surveillance…
GOP Congressman Compares Consumer Financial Protection Bureau To Nazis
“This is more than just NSA-style, this is more Gestapo-style collection of data on individual citizens who have no clue that this is happening,” Florida Rep. Daniel Webster said Monday at a Rules Committee hearing…
Holder Shakes Down “Racist” Banks For Nearly 1 Billion
Attorney General Eric Holder has opened up a new front against car lenders and has forged an alliance with the Consumer Financial Protection Bureau to frame them for racism, too.
We don’t use the term…
MHA Nation Outraged At Consumer Financial Protection Bureau For Supporting NYS Litigation Against Tribal Lenders
In August, Benjamin Lawsky, the first superintendent of New York’s Department of Financial Services, launched New York’s attack on Tribal lending…
Bachus Bill to Reform Consumer Financial Protection Bureau Passes in Committee
On Thursday the House Financial Services Committee passed a bill sponsored by Congressman Spencer Bachus (R) from Vestavia to make the Consumer Financial Protection Bureau (CFPB) more accountable to the people…
Consumer protection bureau bad for business
The options for creative Halloween costumes in Washington, D.C., are endless — who wouldn’t be scared to see Nancy Pelosi show up on their door step looking for handouts, or a Ted Cruz lookalike ranting about…
The Consumer Financial Protection Bureau Is Plagued By Internal Problems
The road from Washington to Wall Street is paved with good intentions—and littered with mistakes. The new government regulatory agency that oversees the financial industry, the Consumer Financial Protection Bureau, suffers from…
CFPB’s data-mining on consumer credit cards challenged in heated House hearing
A CFPB strategic planning document for fiscal years 2013-17 describes the “markets monitoring” program through which officials aim to monitor 80 percent of all credit card transactions…
Newly created fed agency aims to monitor 80 percent of credit card transactions
Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions — through a…
Royce Criticizes CFPB During Semi-Annual Report Hearing
Highlights lack of coordination between CFPB and prudential regulators…
Duffy to CFPB: Americans don’t want you to have their financial data!
Video exchange from a House Financial Services Subcommittee hearing on the data collection practices of the Consumer Financial Protection Agency (CFPB), U.S…
New lawsuit challenging CFPB’s constitutionality filed
Constitutional challenges to the CFPB’s authority have not ended with Director Cordray’s confirmation last week as CFPB Director. Yesterday, a lawsuit was filed against the CFPB…
GOP Pledges Major Changes to Dodd-Frank, Fannie and Freddie, CFPB
Two different interpretations of this week’s historic midterm elections emerged on Wednesday, with both sides competing to say how the vote would impact the financial services world…
Congressman: Dodd-Frank Financial Reform Unconstitutional
The Dodd-Frank financial reform act is “fundamentally unconstitutional,” said Rep. Scott Garrett (R., N.J.) at a Monday event hosted by the Cato Institute commemorating the third anniversary of the act’s signing by President Barack Obama…
Dodd-Frank in Court
Lawyers representing the State National Bank of Big Springs, 11 states, and two advocacy organizations appeared before a D.C. District Court for the first time on Tuesday, arguing that the Dodd-Frank financial reform act unduly burdens smaller financial institutions and strips states of their legal rights…
Crapo Seeks Answers on Legality of CFPB Big Data Collection
U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, today sent a letter to Mr. Richard Cordray, the President’s nominee to head the Consumer Financial Protection Bureau (CFPB), requesting prompt answers to legal concerns surrounding the massive data collection effort undertaken by the agency on consumer spending habits…
The Government Has Your Data At Its Fingertips
As news broke about the Internal Revenue Service’s accidental disclosure of thousands of social security numbers online, a representative of the Consumer Financial Protection Bureau testified before…
Big Bureaucracy: The CFPB Turns 2
The Consumer Financial Protection Bureau is everything that both proponents and critics thought it would be, and that’s not a good thing…
The CFPB Pays Itself—and Very Well Too
One of the reasons the compensation of CEOs has been rising so quickly in recent decades—much to the distress of the left—is that very often they get to determine for themselves what their compensation will be…
GOP senator: Public should be concerned about financial data collection
Sen. Mike Crapo (R-Idaho) said Wednesday that he was concerned about the Consumer Financial Protection Bureau (CFPB) collecting the personal financial data of millions of Americans…
Life after the CFPB
Congressman Darrell Issa, R-Calif., and other Republican members of the House Oversight and Government Reform Committee are publicly questioning the nature of a new advisory firm developed by former employees of the Consumer Financial Protection Bureau…
Enzi: Consumer Financial Protection Bureau needs more oversight
Mike Enzi is warning Americans to be wary of the Consumer Financial Protection Bureau…
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