Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Consumer Financial Protection Bureau Grants Itself Authority to Shut Down Any Busine
townhall.com ^ | 6/19/2014 | Katie Pavlich

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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: cfpb; control
CFPB passed a "rule"? Probably they issued a rule. Either way, granting themselves the authority to do as the please just kind goes along with the way this admin is setting things up. I'm still not sure how rules and regulations can carry the weight of law. (well, I do, but you know what I mean)
1 posted on 06/20/2014 7:07:13 AM PDT by rktman
[ Post Reply | Private Reply | View Replies]

Two crooks that should be in jail.


2 posted on 06/20/2014 7:09:19 AM PDT by Gene Eric (Don't be a statist!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman

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.


3 posted on 06/20/2014 7:11:51 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman
It's all religion, r-man.

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

4 posted on 06/20/2014 7:12:05 AM PDT by knarf (brooklyn bridge)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz
THAT'S exactly the attitude Americans must have.

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.

5 posted on 06/20/2014 7:16:14 AM PDT by knarf (brooklyn bridge)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Lazamataz

Welcome back! You were missed.


6 posted on 06/20/2014 7:18:33 AM PDT by chrisser (Senseless legislation does nothing to solve senseless violence.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: rktman

“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.”
Ayn Rand


7 posted on 06/20/2014 7:22:12 AM PDT by EBH (And the head wound was healed, and Gog became man.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman

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.


8 posted on 06/20/2014 7:23:28 AM PDT by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman

Just say “No”.

Then prepare to be boarded by the CFPB SWAT team.

I’m sure they have one...


9 posted on 06/20/2014 7:23:31 AM PDT by moovova
[ Post Reply | Private Reply | To 1 | View Replies]

To: moovova

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.


10 posted on 06/20/2014 7:28:34 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 9 | View Replies]

To: rktman

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”.


11 posted on 06/20/2014 7:36:46 AM PDT by free from tyranny
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman
What ever happened to the concept of separation of powers?

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.


12 posted on 06/20/2014 7:39:56 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
[ Post Reply | Private Reply | To 1 | View Replies]

To: free from tyranny
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”.

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.

13 posted on 06/20/2014 7:47:07 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: nathanbedford
A better recipe for tyranny could not be conceived of unless one appointed Lois Lerner to head up the agency.

SHUT UP! You are giving them ideas.

14 posted on 06/20/2014 7:47:51 AM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Lazamataz

I second your ruling.


15 posted on 06/20/2014 7:48:33 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
[ Post Reply | Private Reply | To 3 | View Replies]

To: rktman

Blackmail ?


16 posted on 06/20/2014 8:00:47 AM PDT by molson209 (Blank)
[ Post Reply | Private Reply | To 1 | View Replies]

To: molson209

Nah. Just plain old bullying.


17 posted on 06/20/2014 8:01:54 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Lazamataz
Exactly!! There was no reasoning with those thugs back then and there is no reasoning with them NOW!
Force is the only way the kids( us ) can take back our playground.
That does not mean we have to live with a new set of thugs!
When you beat that punk, did you take his place as the school bully? Of course not.....cause if you did you wouldn't be here talking about the present Gov’t abuses to you and others.
No....we are not them! but we need to kick their ass and teach them a lesson that they will never forget!
18 posted on 06/20/2014 8:09:37 AM PDT by free from tyranny
[ Post Reply | Private Reply | To 13 | View Replies]

To: rktman
"Just remember, it's all for the greater good, comrades." National Science Administrator Mouch Atlas Shrugged photo:  atlas04.jpg Forget this, we must address important issues, like sports team mascots' nicknames.
19 posted on 06/20/2014 8:11:21 AM PDT by tumblindice (America's founding fathers: all armed conservatives)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EBH

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.


20 posted on 06/20/2014 8:18:10 AM PDT by CaptainAmiigaf (NY TIMES: We print the news as it fits our views.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: molson209
Blackmail ?

Hold the cards, we have a "bingo". Extortion.

21 posted on 06/20/2014 8:33:38 AM PDT by VRW Conspirator (Global Warming is caused by illegal immigrants!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: CaptainAmiigaf

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.


22 posted on 06/20/2014 10:56:29 AM PDT by EBH (And the head wound was healed, and Gog became man.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: rktman

If they are shutting down your business, you can bet they are contacting the IRS to help investigate your ‘finances.’


23 posted on 06/20/2014 11:00:27 AM PDT by EBH (And the head wound was healed, and Gog became man.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: EBH

And, you can bet they haven’t lost any of your info.


24 posted on 06/20/2014 11:35:07 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Lazamataz

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! :>}


25 posted on 06/20/2014 11:36:52 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson