this notion that the Director cannot be removed is fanciful.
Editor's note · Context
Frank asserts that the CFPB Director can be removed under certain conditions, countering misconceptions.
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I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
The Consumer Financial Protection Bureau may not exercise any rulemaking, supervisory, enforcement, or any other authority including any authority to order assessments over a motor vehicle dealer that is predominantly engaged in the sale…
I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.
This bill--and I will differ specifically with Mr. Labrador on this--empowers people to take my tax money and use it to do things and then exclude me and Jim from its benefit.





