CFPB Head Says Large Banks Should Pay for Insuring ‘Uninsured’ Depositorspymnts.

Source: https://biztoc.com/x/23687ff409602a48?ref=ff

During a recent oversight hearing at which Chopra testified, Scott called out the data breach, and the irony of CFPB seeking to collect more consumer data given its mishandling of it.

Source: https://dailycaller.com/2023/07/19/opinion-republicans-fight-uphill-battle-to-rein-in-off-the-rails-agency-taylor-millard/

"In the past twelve years, the CFPB has proven itself as a fierce defender of consumers against unscrupulous creditors that decimated our economy and wreaked havoc on people's lives.

Source: https://www.rawstory.com/consumer-advocates-say-supreme-court-must-rebuke-harebrained-on-cfpb/

Those fears were justified until several tweaks by Congress during the Trump administration, and a critical Supreme Court case diluted the power of CFPB to micro-manage loan approvals and stock trades.

Source: https://pjmedia.com/uncategorized/rick-moran/2023/02/22/federal-court-rules-consumer-finance-regulatory-bureau-cant-ban-bad-mouthing-minority-neighborhoods-n1672833

Well, in CFPB v. Community Financial Services Association of America, the court has another bite at that apple, this time regarding the agency's funding.

Source: https://gazette.com/news/wex/the-court-takes-on-the-administrative-state/article_73bd0986-4cf0-52c7-b45c-32bb085654ea.html