Free Republic

NEW YORK (AP) — The government’s top official overseeing the $1.5 trillion student loan market resigned in protest on Monday, citing what he says is the White House’s open hostility toward protecting the nation’s millions of student loan borrowers. Seth Frotman will be stepping down as student loan ombudsman at the end of the week, according to his resignation letter, which was obtained by The Associated Press. He held that position since 2016, but has been with Consumer Financial Protection Bureau since its inception in 2011. Frotman is the latest high-level departure from the CFPB since Mick Mulvaney, President Donald...

ARTICLE DATE 11/24/16...............The Consumer Financial Protection Bureau is the most partisan agency in the federal government in terms of donations to candidates, according to campaign finance data. Employees at the CFPB, which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, contributed nearly $50,000 during the 2016 campaign with all of that money going to aid Hillary Clinton or her rival, the insurgent socialist Sen. Bernie Sanders (I., VT). Agency employees made more than 300 donations during the campaign. Not one went to a Republican candidate. Rep. Sean Duffy (R., Wis.), a frequent critic of the agency,...

Extortion: The Consumer Financial Protection Bureau is diverting potentially millions of dollars in settlement payments for alleged victims of lending bias to a slush fund for poverty groups tied to the Democratic Party. We've seen this before at the Justice Department, which Congress earlier this year scolded for "shortchanging" alleged victims of Bank of America and Citibank the same way. Justice funneled at least $150 million into a slush fund for Democratic interests, unconstitutionally avoiding Congress. Now, a little-noticed item on the CFPB's website reveals the powerful new agency is launching its own scheme to provide backdoor funding for nonprofit...

FULL TITLE - We Got a Vast, Unaccountable, Unconstitutional Agency Because Elizabeth Warren Compared Mortgages to Toasters. And we're the stupid ones Sixteen hundred bureaucrats with the power to charge billions in fines, with a $600 million budget outside of the congressional appropriations process, and all because Elizabeth Warren compared mortgages to toasters. "Of all the ideas that get published in … journals like that, not so many make it into law," Warren boasted in 2011, at the launch of the Consumer Financial Protection Bureau. She was referring to her essay "Unsafe At Any Rate," published by the "lefty" Democracy...