Commentary: Elizabeth Warren’s ‘Consumer Protection’ Scam

Senator Elizabeth Warren (D-MA) may no longer be running for president, but her agency lives on.

The Consumer Financial Protection Bureau (CFPB) doesn’t want to be controlled by the Trump Administration. The Supreme Court might end the agency’s streak of independence later this year. Ostensibly, the CFPB aims to protect ordinary Americans from untoward business practices. Instead, it only advances left-wing causes and identity politics.

Warren proposed the CFPB in 2007 when she was a Harvard law professor. President Barack Obama established it in 2010. It is supposed to protect Americans from malpractice in the financial industry, yet the CFPB’s main task during the Obama Administration was fighting “disparate impact.” Disparate impact is a legal concept that considers racially disproportionate outcomes as evidence of discriminatory policies, even if the policies had no discriminatory intent and were administered objectively.

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Richard Cordray, Dem Candidate for Ohio Governor, Hopes to Continue Monitoring Consumers Just Like He Did at CFPB

Richard Cordray

Democratic-hopeful Richard Cordray recently announced in his bid for Ohio’s governor seat that he intends to enact failed policies from his time at the Obama administration’s Consumer Financial Protection Bureau (CFPB). In April, it was revealed that under Cordray’s direction the CFPB allegedly faced at least 1,000 different hacks, including…

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Seven Steps Next Director Can Take to Make the Consumer Financial Protection Bureau Less Awful

Kathy Kraninger

by Norbert Michel   The Trump administration has nominated Kathy Kraninger to be the next director of the Consumer Financial Protection Bureau, and Roll Call reports that her confirmation hearing was “as politically contentious as it’s gotten in the last year and a half” on the otherwise “senatorial Senate Banking Committee.” Ignore the…

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Trump Taps Kraninger for Consumer Protection Post

Kathy Kraninger

President Donald Trump plans to nominate Kathy Kraninger, associate director of the Office of Management and Budget, to head the Consumer Financial Protection Bureau, which seeks to prevent financial abuses to consumers. In a statement Saturday, the White House said Kraninger would continue the efforts of the current CFPB chief,…

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Mick Mulvaney Looks for More Trump Appointees to Help Him ‘Refocus’ Consumer Bureau

Interim Consumer Financial Protection Bureau Director Mick Mulvaney said Thursday that he wants to bring more Trump political appointees on board at the agency as he pores over its books and considers halting dozens of pending cases targeting businesses. “We’re trying to get help over here,” Mr. Mulvaney told The…

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Liberals Throw Temper Tantrum Over Trump’s Watchdog Pick

Declaring President Donald Trump’s pick for acting director of a government watchdog agency an “imposter,” self-appointed leaders of “The Resistance” argued Tuesday that the president has in the executive branch, which he heads. Organized by the Progressive Change Campaign Committee and featuring a parade of leftist speakers, the rally outside…

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CFPB’s ‘Acting Director,’ As Proclaimed by Outgoing Richard Cordray, Is A Pupil of Elizabeth Warren

Elizabeth Warren

Leandra English, the new acting director of the Consumer Financial Protection Bureau appointed by outgoing director Richard Cordray over the Thanksgiving weekend, has filled a key role during many of the crises that have gripped the six-year agency, according to a Daily Caller News Foundation investigation. English was a key…

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Obama-Era Official Sues Trump For Control Of Consumer Financial Protection Bureau

Leandra English, the deputy director of the Consumer Financial Protection Bureau (CFPB), sued President Donald Trump and White House Budget Director Mick Mulvaney late Sunday to secure control of the agency, claiming she is the lawful interim successor to former CFPB Director Richard Cordray. Cordray’s resignation last week prompted a…

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Treasury Dept. Report Slams CFPB’s Rule to Expand Class-Action Lawsuits Against Banks

The Trump administration is taking aim Monday at a new rule issued by the Consumer Financial Protection Bureau that would expand class-action lawsuits against banks, saying it will impose legal defense costs of more than $500 million per year on employers and provide little or no relief for consumers. A…

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Commentary: Agency Accountablity Act Would Reclaim Constitutional Authority Congress Ceded to Consumer Financial Protection Bureau and Other Regulators

Congress’ power of the purse is one of its bedrock responsibilities listed in Article 1 of the Constitution. The Supreme Court has reaffirmed this power on several occasions, including in a 1976 case when the Court declared, “The established rule is that the expenditure of public funds is proper only…

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Commentary: Consumer Financial Protection Bureau Regulations Strangle Innovations Like Google Wallet, PayPal

ANALYSIS/OPINION: Be wary whenever a federal agency issues a professedly benign regulation. Even the devil can quote scripture. Under the Administrative Procedure Act (APA), 5 U.S.C. 553(e), federal agencies are required to “give . . . interested person[s] the right to petition for the issuance, amendment, or repeal of a…

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EXCLUSIVE: Gravy Train Flows Wide And Deep At Elizabeth Warren’s Consumer Agency

Elizabeth Warren

Pay is flowing so generously at the Consumer Financial Protection Bureau (CFPB) that bureaucrats receive more than most members of Congress. The Senate majority and minority leaders are paid $193,000 annually. Two hundred and one CFPB employees outdo Sens. Mitch McConnell and Charles Schumer in pay. Speaker of the House…

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