The little known Consumer Financial Protection Bureau (CFPB) was in the news last week when President Donald Trump sent a new man into the agency to run it his way. We all should be hopeful that Trump’s man will help shut this massive fraud down instead of continuing along with its left-wing agenda. But, in the meantime, we all must understand that the CFPB is nothing but a tax-funded slush fund for left-wing causes and to fill the pockets of Barack Obama and Sen. Elizabeth Warren’s pals.
Extremist Senator Elizabeth “Fauxcahontas” Warren created the bureau supposedly to advocate for American consumers and to stop all those mean ol’ businesses from ripping people off. But a closer look at the bureau shows that it is nothing but a tax dollar-supported slush fund for far left-wing causes.
At the end of November, President Trump appointed Mick Mulvaney to head the CFPB after the former head, Obama-appointed Richard Cordray, resigned to run as a Democrat for governor in Ohio.
The liberals of Warren’s CFPB, though, sued to try and stop Trump from replacing Cordray. They idiotically insisted that presidents don’t have any right to replace the head of the CFPB. A court agreed… that their idea was idiotic… and allowed Mulvaney to take his place at the head of the bureau.
Of course, the liberals fear that Mulvaney will begin undercutting the bureau and reverse its liberal direction and we should hope their fear is well founded.
But with all this scrutiny of the CFPB, the New York Post’s Paul Sperry recently wrote an article revealing that the CFPB is a fake agency that just funnels tax dollars to left-wing causes and doesn’t do a thing to help “protect” the American consumer.
In his “December 2 article, Sperry revealed many of the fake policies that prove to be only left-wing causes that Warren’s fake agency has supported since it was created in 2010 during the Obama era.
Sperry noted, for instance, that Warren’s fake agency gave millions to a group that made advertisements for Hillary Clinton. In June of this year, the CFPB gave the Obama-Hillary ad company a $14.7 million contract for “agency media and resource communication.” The CFPB also gave $16 million to create marketing materials to push the left-wing causes of student loans and mortgages.
Fortunately, as soon as Mulvaney got in, he froze all new hiring and the issuance of regulations by the agency so he could review the work being done there.
“It is a completely unaccountable agency, and I think that’s wrong,” Mulvaney said last week. “If the law allowed this place not to exist, I’d sit down with the president to try to make the case that other agencies can do this job well if not more effectively.”
They say CFPB is a Democrat shop with an anti-business agenda that goes well beyond protecting consumers and includes closing the “wealth gap” and administering “economic justice,” as Cordray has been fond of saying. It hires almost exclusively Democrats and “rejects Republican job applicants,” according to former CFPB enforcement attorney Ronald Rubin. Federal election data show 100 percent of political donations made by CFPB employees during the 2016 election were given to Democratic candidates.
Sperry went on to lay out some of the sham causes the CFPB has wasted our tax dollars on:
- Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
- etained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says.
- Met behind closed doors to craft financial regulatory policy with notorious bank shakedown groups who have taken hundreds of thousands of dollars in federal grant money to gin up housing and lending discrimination complaints, which in turn are fed back to CFPB, according to Investor’s Business Daily and Judicial Watch.
- Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.
In other words, the CFPB does nothing to “protect” any consumers and its only goal is to hand out millions to far left, Obama/Hillary supported causes and organizations… and ALL with YOUR tax dollars, America.
It’s just another corrupt Obama/Warren scam to force the American taxpayer to fund un-American liberal causes.Let’s hope Mulvaney and President Trump shut the thing down.