Profile image
By Competitive Enterprise Institute (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Consumer Financial Protection Bureau could see wings clipped

Friday, February 10, 2017 8:47
% of readers think this story is Fact. Add your two cents.

(Before It's News)

USA Today discusses the Consumer Financial Protection Bureau's Director Richard Cordray with John Berlau. 

It has been all over the board. Critics hope the Trump Administration will scale back the bureau's powers, with the possibility that Cordray will be replaced by a more business-friendly director, possibly a panel of commissioners. Some also want the agency's funding determined by Congressional appropriations rather than Federal Reserve transfers.

For example, Merrill Matthews, a scholar for the Institute for Policy Innovation, recently called the CFPB the “most unaccountable organization in Washington … an agency that neither the people’s elected representatives nor the president can control.” John Berlau of the Competitive Enterprise Institute accused Cordray of flooding financial companies, including community banks and credit unions, with “burdensome mandates” while imposing large fines. “His rules have made obtaining consumer financing more difficult — and likely impossible for the poorest in America.”

Read the full article at USA Today

Date: 
Friday, February 10, 2017
Source: 
Referenced experts: 
John Berlau
Media appearance type: 


Source: https://cei.org/content/consumer-financial-protection-bureau-could-see-wings-clipped

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.