Posted on 02/09/2017 1:48:06 PM PST by Cheerio
We told you on Monday about the special challenge Republicans face in what to do about the Consumer Finance Protection Bureau. It’s a totally out of control administrative agency gifted with immense powers by Dodd-Frank, and designed by its architect - Elizabeth Warren - to be almost impossible for a Republican to get a job at. Oh, and Congress is required by statute to fund it. CFPB’s director, left-wing zealot Richard Cordray? The president can fire him only “for cause,” and that’s a lot more complicated than at-will employment.
Democrats designed the CFPB this way intentionally during the Obama Administration, so that any future Republican president would find the agency impossible to get control over. But in the House, anyway, Republicans are refusing to accept the inevitability of the CFPB running roughshod over businesses in the private sector. In today’s Wall Street Journal, Congressman Jeb Hensarling lays out a path for defunding and getting rid of this rogue agency:
The CFPB is arguably the most powerful, least accountable agency in U.S. history. CFPB zealots have the power to determine the “fairness” of virtually every financial transaction in America. The agency defines its own powers and can launch investigations without cause, imposing virtually any fine or remedy, devoid of due process. It requires lenders essentially to read their clients’ minds, know and weigh their clients’ comprehension levels, and forecast future risk. It can compel the production of reams of data and employ methodologies that “infer” harm without finding any specific instance of harm or knowing violation.
(Excerpt) Read more at canadafreepress.com ...
The president can fire him only “for cause,” and that’s a lot more complicated than at-will employment.
But the President can easily TRANSFER HIM TO ALASKA
Courts have long held that Congress cannot “bind” future Congresses—that is, it can’t force a future session of Congress to carry on its own policies. That practice, formally known as “legislative entrenchment,” is seen as privileging one group of lawmakers over another, “binding” future to the priorities set in the present.
This will probably happen rather quickly as the legislatures are hitting on all cylinders contrary to the claims of the hysterically impatient, the “Are We There, Yet” crowd.
Transfer him and staff to the north slope.
They could relocate the work office into the worst crime ridden location they can find. Require all employees to clock in and out and work ONLY evening shift. At midnight that would be an interesting shift change. Also NO SECURITY provided.
Article: “Congress is required by statute to fund it”
Your comment: “Courts have long held that Congress cannot “bind” future Congresses—that is, it can’t force a future session of Congress to carry on its own policies.”
I think you are right there, 2banana. Hensarling should file a bill to defund this leftist boondoggle pronto. Let the ACLU sue, but if the House doesn’t buckle, Richard Cordray and the rest of Fauxcahontas’s hand-picked Stalinists at this agency can work for no pay.
...preferably to an isolated Aleutian Island to minimize their polluting Alaska with their presence.
That wouldn't even be hard... just move the office into SE DC. Let the libs wallow in their fruits of their disgusting swamp.
This agency is “self funding” in that they find the “violations”, set the “penalty” or negotiate it to a point that the financial institution decides it is cheaper to settle and then they take the extorted money to fund their agency. It would be like a cop stopping you for speeding based on no law setting the speed, telling you what the fine is and then paying his own salary with the money his just took from you.
Sounds a lot like asset forfeiture.
Or ... send the whole bunch and their dependents to Kabul.
Repeal Dodd-Frank. A lot of it is as bad or worse than Obamacare anyway. They used Obamacare as a smoke screen for this, then ended up passing both.
Isn’t there property just downwind of a big hog farm available someplace? That would be a good location for a few trailer house offices with no AC.
On October 11, 2016 the DC Court found the CFPB structure to be constitutionally flawed and gave the President direct control over the agency. The Court gave authority to remove the director, at will, for any reason.
The order may be appealed, does anyone have an update?
EXCLUSIVE: Gravy Train Flows Wide And Deep At Elizabeth Warren’s Consumer Agency
Thanks for the heads up......
Her time is coming.....look for the smoke signals.
Heap big war dance....get out the tom-toms.
Check out the pay of the LIB losers who “work” there...many make more than the Vp. Disgusting drones.
Is this foul of a the Ethics Law?
bkmk
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.