EXCLUSIVE: A New CFPB Scandal – Cost Overruns for Its New Lux Headquarters

Daily Caller ^ | Jan. 7, 2018 | Richard Pollack

[confederatecarpetbag]

Renovation costs for the brand new Consumer Financial Protection Bureau headquarters have skyrocketed, posting 25 percent in cost overruns.

Original cost estimates for the CFPB’s renovation were estimated at $55 million, but the bureau ran up the proposed cost to $216 million. The Federal Reserve Inspector General rejected the proposal in 2014, saying there was no “sound basis” for the figure.

As the CFPB renovation costs continued to escalate, renovation was taken out of the CFPB’s hands and transferred to the General Services Administration (GSA).

GSA’s budget, however, was nearly twice the original $55 million, hitting $99 million.

[confederatecarpetbag]

It's unbelievable that I no longer consider this type of extravagant waste to be unbelievable.

[Col Frank Slade]

Warren at work.

[Red Badger]

Where is the US Taxpayer’s Protection Bureau?..................

[raiderboy]

Why hasn’t this waste of money been scuttled? This is tantamount to theft!!

[dp0622]

It’s worse.

I would find the OPPOSITE to be unbelievable.

[House Atreides]

Renovation? It’s a relatively new agency plus I though they were building a NEW building (with huge cost overruns already, of course).

[Jim W N]

NUKE THE UNCONSTITUTIONAL CFBA!!!

The Constitution gives the feds no power or authority to "protect consumers".

[pas]

They are putting in basketball courts, yoga rooms and test kitchens. Oh wait that is the Obama library.

[AndyJackson]

It’s called the United States Congress. Well, you asked.

[griswold3]

Richard Cordray, shake-down artist extraordinaire, who ran the CFPB, is transferring his skills to run for Ohio Governor.
God help us.

[Red Badger]

That’s like the Mafia, you pays your ‘Protection’ money...............

[Cicero]

We mustn’t complain. They’ve cut the pork by more than a hundred million under the last CFPB estimate. And if Obama were still in office, I’m sure it would have ended up a lot worse than that.

[BenLurkin]

The entire organization needs to be eliminated.

[blam]

"It's unbelievable that I no longer consider this type of extravagant waste to be unbelievable. "

Who cares.....it's just your money and you're nobody.

How many contractors who donated to the DNC got their refund and rewards on this site?

[IC Ken]

How ironic. As a consumer/ taxpayer I don’t feel protected at all.

[b4its2late]

Yep. All thanks to Bawney Fwank and Cwis Dodd.

[mowowie]

Gee i could almost renovate my bathroom for that much.....

[EQAndyBuzz]

“Why hasn’t this waste of money been scuttled? This is tantamount to theft!!”

Finish building it and then use it for out processing illegals. Warren and Cummings heads would explode.

[Jacquerie]

And extra thanks to a scotus that found this politburo constitutional!

[hal ogen]

Most government “workers” are criminal...at some level or other.