[aMorePerfectUnion]

"In a notice published in today’s Federal Register, the CFPB has announced that it has adopted its interim final rule on temporary cease-and-desist orders (C&Ds) without change. The final rule takes effect on July 18, 2014.

The CFPB is authorized to issue temporary C&Ds under Section 1053(c) of Dodd-Frank. That provision authorizes a temporary C&D as an adjunct to a cease-and-desist proceeding brought under Section 1053 against a covered person or service provider. A temporary C&D is effective immediately upon service and remains in effect unless modified or terminated administratively by the CFPB or set aside on judicial review. "

More at source link.

I am posting this in case anyone is still holding to the belief that fascism has not arrived and planted itself firmly in control.

I will never start another US-based business. The risks are higher every day: government by fiat, over-regulation, IRS seizure, Homeland Security take downs, feral attorneys inventing new areas of liability, NSA violations of the Constitution.

Please note that this self-given power to shut down any business, at any time, for any reason subverts the meaning of due process.

[E. Pluribus Unum]

The crony-fascists of the big-government/big-corporate criminal complex don't like competition from small businesses. They want to drive them out of business. They don't care if the pie gets smaller. They just want the whole pie.

[88keys]

I thought CFPB was not even a Congressionally sanctioned and approved agency??!! Maybe I misremember, but it seems to me it's a totally executive-branch-created entity, with no actual authority to enforce anything...

[Jacquerie]

I am posting this in case anyone is still holding to the belief that fascism has not arrived and planted itself firmly in control.

So true. The screws tighten every day. Elections increasingly serve to condone tyranny.

The American electoral process has become something of a courtesy extended to the gullible, for only the gullible believe elections alone can restore freedom.

[G Larry]

Let’s see how long these fascists can remain nameless and faceless....

[yefragetuwrabrumuy]

Hopefully some business or Judicial Watch will immediately apply for a permanent injunction against this tyranny as “unconscionable”.

[Organic Panic]

All the people on FR who bring up “bring back American jobs now” need to read this ruling over and over.