The out of control CFPB


The Consumer Financial Protection Bureau.

The CFPB was ia nifty add on to the Dodd-Frank Act.

It is completely independent from both Congress and the executive branch, funded by Federal Reserve profits. The CFPB’s budget cannot be cut by congress. Congress cannot dictate the number of employees, the cost of running the agency or the number of employees they hire.

The head of the CFPB is appointed for a non-revocable five-year term and appoints their successor.

There are no constitutional restraints.

An example, The CFPB building renovation was estimated to be $95 million in early 2013 and now is $215.8 million. The Federal reserve overseas the CFPB and noted concern. Congress could do nothing as they are an independent agency and does not answer to congress.

The latest example is the presidents appointment of a new head of the CFPB, the anointed successor sues in court.

One has to ask, who’s paying the attorney fee for the lawsuit?

The successor, lost her bid to run the agency as the courts say Trump has the right to appoint the head of the CFPB.


The CFPB is an unaccountable federal agency deliberately set up to be staffed SOLELY BY DEMOCRATS. Funded by the Fed and not Congress, it was used as a kickback scheme for Dem donors. Pocahontas was the 3rd largest recipient.


I predict Mulvaney shuts down the CFPB before Christmas.

It’s nothing more than an obvious Dem money laundering operation.

Cross-Posting here:


Not a single act of the CFPB has been Constitutional, because the previous “director” was not Constitutionally appointed.

That also means that his appointment of an assistant director was null and void from the start.

The courts did the right thing siding with Trump.


Documents acquired in 2013 by Judicial Watch, however, prompted concern about ambitions to monitor 80 percent of all U.S. credit card transactions and information on up to 95 percent of mortgages.

One would think Americans would be concerned.


Not likely unless the GOP can repeal that part of Dodd Frank.

Can’t shut it down by with holding funding as they are funded by the federal reserve.

The interesting part is that it’s not part of the budget and consumes money that would be returned to the treasury by the Feral reserve moving the debt higher via the back door.


"Democrats created an executive-branch agency [the CFPB] insulated from Congressional appropriations and presidential control, and now they claim to be able to run it like a branch of government unto itself with a self-sustaining directorship.

That statement pretty much nails it.


The rightful Acting Director of CFPB

What is this, 16th century medieval era? Or the is it back to time of slavery?


Well Pelosi will have to tell that to the President of the United States and the federal judge who agrees with him. Maybe she could send her little munchkin to the 9th circuit and beg their liberal overlords to provide some sort of ultimate ruling that can never be overturned by any judge anywhere.



I haven’t been following the story very much but that news video is crazy. Pocahontas really screwed the pooch this time. I wasn’t understanding why the Democrats were freaking out so much about the CFPB. I actually forgot the damn thing even existed.


The less you know. “Democracy dies in darkness” - WaPo


Political donations from CFPB employees to democrats were reported to be almost 600 to 1 over republicans. This entire agency was an unconstitutional Obama era make work program.

Shut it down.


I can only hope they find damning material on Warren, she is indeed a hypocrite


What I find amazing is that the people in this county continue to allow to allow government to over reach and do nothing about it.

Or do people really care???


Not that they dont care, but they dont know. And when the regular Joe hears about “The Consumer Financial Protection Bureau”, you think he would do this due research into the matter, or up in arms and RESIS the current administration. The devil is in the details, or the name in this case, much like the inappropriately named “Affordable Care Act” .


If you look a the finances it is funded by the Federal Reserve. People cheer, no ax dollars required.

Except all excess dollars in the past were sent to the Treasury. With the CFPB now eating into that income, the deficit will be larger every year.


And more comes to light:
en. Ron Johnson (R., Wis.), chairman of the Senate Homeland Security and Governmental Affairs Committee, on Wednesday requested information concerning the approval to move Leandra English from the Office of Personnel Management (OPM) to the Consumer Financial Protection Bureau (CFPB).

In a letter to the OPM’s acting director Kathleen McGettigan, Johnson laid out his concerns with English being converted from a political appointee at the OPM into a career position at the CFPB that included a salary increase of over $11,000.

“After the election of President Trump but before his inauguration, Ms. English successfully turned a political appointment by President Barack Obama at OPM into a career position at the CFPB through the approval of the then-Acting Director of the OPM, to whom she served as the Principal Deputy Chief of Staff,” the letter reads.

With “less than eleven months after Ms. English’s conversion to a career position, former CFPB Director Richard Cordray appointed Ms. English as CFPB Deputy Director,” the letter added. “A mere three days later, on November 27, 2017, Ms. English was fully prepared to file a lawsuit seeking an emergency temporary restraining order to serve in the capacity of Acting Director of CFPB.”

Johnson also explained how a political staffer converts to a career position by a practice called “burrowing.” The method can be used to undermine the merit-based process found in civil services.

“Burrowing is a practice whereby non-career, political staff are ‘converted’ to career positions outside of competitive hiring processes. Burrowing threatens to undermine the merit-based principles that serve as the foundation of the civil service because they allow political staff to be favored over candidates that may be more qualified for the job,” Johnson said in the letter.

In recent days English has been defended by Democratic leaders who have continued to call her the “active director” even after a judge ruled in favor of Trump’s move to have Mick Mulvaney run the CFPB.

House Minority Leader Nancy Pelosi (D., Calif.), Senate Minority Leader Chuck Schumer (D., N.Y.), Sen. Elizabeth Warren (D., Mass.), and Sen. Catherine Cortez Masto (D., Nev.) have continued to back English through social media, cable news, and press releases as she continues her lawsuit.

Warren appeared on CNBC and Bloomberg on Monday, making the argument that English was the “active director.”

Johnson has requested information “to better understand OPM’s approval of Ms. Leandra English’s request to burrow into the CFPB” to be provided by December 12.

The HSGAC requested all information surrounding English’s move into the CFPB including documents, communications, and “the process used to approve Leandra English’s conversion.”

“A description of the process used to approve Leandra English’s conversion to a career position, including the names and positions of those OPM officials who reviewed and approved the conversion; and the internal controls in place at OPM regarding personnel decisions that affect senior OPM officials,” the letter reads.

On top of English being appointed by Obama to the OMB, she also coordinated events with Warren in every state during the senator’s push for the CFPB.

English’s lawyer has refused to disclose who is paying for the lawsuit against Trump’s move to assign Mulvaney to become the CFPB director.


Burrowing is actually illegal. I wasn’t a federal employee during the Clinton Administration but apparently the burrowing of Clinton’s appointees was so bad that they made the process illegal during the first term of the Bush Administration. Political appointees have to go under a lengthy review before they can be offered a career position based on merit. Former political appointees have a cooling off period of 5 years. If they come back to government as a career employee after 5 years no review is needed. If it’s within 5 years, it’s required by law.

Becoming a fed is no easy task. It took me years and I had to demonstrate a ton of law enforcement experience to even be considered for an entry-level law enforcement position. The system is not designed to let in appointees like this. Although we do get the occasional worthless employee who snuck in under some kind of internship program.


They all are hypocrites Republican and Democrat from the TIC on down. Only noticing it when there’s a d after their names won’t fix Washington, either you want the whole mess cleaned up, or you’re only concerned with hypocrisy and corruption on the left. Time do do something different.