Skip to comments.Consumer Financial Protection Bureau Grants Itself Authority to Shut Down Any Busine
Posted on 06/20/2014 7:07:13 AM PDT by rktman
Last week the Consumer Financial Protection Bureau, through the power of Dodd-Frank, passed a rule giving the agency unprecedented power to shut down businesses, no matter what the reason, at any time it wishes through a cease-and-desist order. Further, the rule puts businesses at the mercy of the CFPB and they cannot go back into operation until government approval or a court ruling is made over an issue. Subsequently because bureaucratic decisions and court rulings take a substantial amount of time to happen, businesses cannot survive during those waiting periods. Here are the details (bolding is mine):
(Excerpt) Read more at townhall.com ...
Two crooks that should be in jail.
I am a board member of the Government Abuse Prevention Division, and I just issued a rule that shuts down the CFPB in it’s entirety. They must all go home, effective immediately.
If a LEO believes he's doing the right thing, and the higher power backs him up .. he can do anything.
Like the raid on Gibson
I have decided you're non-entity .... vanish and begone with you !
The only (?) problem is; when the phone shuts down and the electricity is cut off and your bank acct is frozen ... and it's only you ... you can compromise pretty quick ... especially if there's others in your care ... wife, family, etc.
But that IS what we should do.
Welcome back! You were missed.
“When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you, you may know that your society is doomed.”
This is the Lefty “Indian” Elizabeth Warren’s bright idea, hatched in the corridors of Harvard, doncha know. Just another Communist plot, bringing down capitalism in the mold of Obama and the university morons populating his administration.
Just say “No”.
Then prepare to be boarded by the CFPB SWAT team.
I’m sure they have one...
That was my next thought. How large is the cfpb’s “enforcement” branch/division? Guess maybe they can borrow some from the epa “enforcement” brigade.
Does any one else get the feeling that we are back on the playground at school during recess and the bullies( gov’t)
are pushing kids around, demanding lunch money and what ever else they feel like. Pushing kids into groups with an alliance of force amongst the toughs. All the while they say, “ what you goin’ do about it”.
Here is an article II regulatory body performing an article 1 legislative function by in effect creating a law which grants that body the article II prosecutorial function and, at least temporarily, an article III power to adjudicate.
A better recipe for tyranny could not be conceived of unless one appointed Lois Lerner to head up the agency.
Yes. Back then, his name was Peter. I beat his a&& six-ways-from-Sunday, and he avoided ME from then on.
I can repeat the lesson.
SHUT UP! You are giving them ideas.
I second your ruling.
Nah. Just plain old bullying.
Thanks for nothing. You just ruined the day. Over the years I’ve re-read ATLAS several times, and each time grew more and more concerned for the future of the country.
Tonight I will start once again. Please tell me, will this reading of Atlas Shrugged be the new reading of a novel or will it be an accurate mixture of HISTORY and PREDICTION?
When our children read this book it will have become HISTORY and thus, the end of a good day.
Hold the cards, we have a "bingo". Extortion.
Sorry ‘bout that, but the real travesty is she wrote that book 50 years ago...and it didn’t help stop the train from going into Winston Tunnel.
If the 2.5 generations that read the book had grasped even the flimsiest of ideas from it...I don’t think we’d be in the trouble we are now.
Finally, she does tell us how to stop this, but just like in the story ain’t nobody got the real guts today to do what needs to be done.
If they are shutting down your business, you can bet they are contacting the IRS to help investigate your ‘finances.’
And, you can bet they haven’t lost any of your info.
Hey Laz. Somebody the other day was wonderin’ what happened to you. I knew you had to be around someplace. Glad to see you making an appearance. LOL! :>}