On the recordSeptember 16, 2015
we created a new system, the CFPB, which is above the law.
Source
congress.govwe created a new system, the CFPB, which is above the law.
Garrett argues that the CFPB operates without accountability to other branches of government.
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I have zero coverage, even though my statement is telling me I have like $5,000 in there.
Dodd-Frank bestowed almost limitless powers to the banking regulators, and especially to the Fed.
I was on the Dodd-Frank conference committee, and I was one who carried the amendment that said that there would be an exclusion for activity within the jurisdiction of the CFPB dealing with the auto industry.