Reply to Shutting down the CFPB

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Of course the republicans want to take down the agency that protects ordinary people and hurts big banks.[/quote]

This!  This is what the don’t understand.[/quote]

Will be interesting to see the spin on this one, given that CFPB directly helps individual Americans. They can’t make the same arguments they made about foreign aid, such as we should spend the money to help people in our own country, etc. And CFPB’s establishment as an independent agency via statute is very clear. So it’s pretty different in kind than the USAID situation. 
[/quote]

It's an independent agency.  And the director is running the agency as he sees fit.  Congress can't intervene by defunding the agency, because they gave an independent funding mechanism for CFPB.[/quote]

Wait. You know that there are several independent agencies, including ones not appropriated by Congress like CFPB, and they all still have to follow the law, right?

…Right??[/quote]  What law isn't being followed?[/quote]

Dodd Frank/the Consumer Financial Protection Act.

[/quote]That law has a lot of agencies and lots of distribution of powers.  Be specific in how this law isn't being followed.[/quote]

Actually the onus is on the Federal government to follow the laws.[/quote]

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