TAXPAYER ALERT: THE CONSUMER FINANCIAL PROTECTION BUREAU IS A MISGUIDED FEDERALLY SPONSORED AGENCY

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THE CONSUMER FINANCIAL PROTECTION BUREAU IS A MISGUIDED FEDERALLY SPONSORED AGENCY

In 2011, Congress created an agency known as the Consumer Financial Protection Bureau, also known as the CFPB.

The intentions of the CFPB were good. They were supposed to help citizens take more control of their personal finances through education.

Their mission was to protect and help Americans that are at constant risk of being taken advantage of by unfair business practices.

Protect America’s Consumers was formed to protect the hard-earned money of all Americans by educating and empowering them to work together against these practices.

Congress needs to reform the Consumer Financial Protection Bureau
so that it can go back to helping the American people.

HOWEVER, THERE IS ONE PROBLEM

When Congress formed the CFPB they didn’t make them accountable to anyone – not even the President.

The CFPB can do whatever it wants, spend what it wants and taxpayers are left footing the bill. There is no one to stop them or tell them “No”.

PADDING THEIR POCKETS

The CFPB set their own salaries making themselves the most lavishly paid in all of federal government. There are nearly 1,500 people who are employed by the CFPB and the average salary is $10,000 every MONTH. Hundreds of staffers are paid more than Supreme Court Justices, Members of Congress, and all 50 state Governors Over a dozen staffers that you have never heard of pay themselves more than Vice-President Biden.

HOSITILE ENVIROMENT 

Dozens of official complaints have been filed against the CFPB for both gender and racial discrimination.

There’s no sign of it stopping either as the number of complaints nearly tripled last year.

Women only make up 36% of the “Executive Leadership” of the CFPB and they make up a small percentage of the roles deemed to be “Mission-Critical” to the agency.

CFPB employees even nicknamed a division with many African-American employees as “the plantation”.

A former employee even painted a picture where black employees were constantly belittled – even to the point where they were stereotypically offered fried chicken at company lunches.

FOOTNOTE:  PLEASE TAKE A MOMENT TO VIEW THE VIDERO POSTED BELOW THAT RECAPS THE UN-ACCEPTABLE BEHAVIOR OF TOTALLY TAXPAYER FUNDED AGENCY CREATED TO PROTECT THE AMERICAN CONSUMERS.  WE URGE YOU CONTACT YOUR UNITED STATES CONGRESSMAN AND SENATORS TO ASK THEM TO REPEAL THE APPROVAL OF THIS MISGUIDED FEDERALLY SPONSORED AGENCY.

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4 COMMENTS

  1. THIS COLUMN IS AN AD, you know. 100% an ad. Thin on evidence, avoids discussing ANY reason the CFB was created (cause it was created after the collapse of the US economy which consumers paid to rebuild). The CFB was created to avoid the lack of accountability by banks, credit card industries and rating agencies.
    And the column? It tries to wrap itself up in “they are wasting money…don’t care about the little guy….just more waste….fear stuff. It is paid for by large global banks, Wall Street “too big to fail” Banks, hedge funds and investment banking entities that seek to avoid strings designed to keep consumers from being abused.

    100%, this column is a paid ad.

    • Don: Agree 100% (and more), and the CCO and editorial staff should be ashamed of throwing crap like this as a written article or opinion. It’s a hit piece, and when I see BS like this it lessens my opinion of the CCO

    • Not only that, labeling it as “Breaking News” is deplorable.

      But even worse, this is the type of anonymous BS that the Courier does

      BS

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