by Jane Richey | Dec 15, 2012 | Constitutionally Limited Goverment, Politics
The House Oversight Committee has accused the Consumer Financial Protection Bureau (CFPB) of having unchecked power and a vague mandate, giving it the potential to be a “run-away regulator unlike any other in American history.” In a new report issued...
by Jane Richey | Jun 6, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
Thirteen months after Senate Republicans warned President Obama that a new consumer finance watchdog’s structure gives an overly broad mandate and unchecked powers to its director, that agency is now involved in higher education. In a letter dated May 2, 2011, the...
by Jane Richey | Apr 9, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The Consumer Financial Protection Bureau (CFPB) is looking to overhaul the mortgage servicing industry, arguing that the problem-plagued sector is unaccountable and opaque. The CFPB announced Monday that it was mulling rules to reform that industry, which has been...