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What Has The CFPB Been Up To Since It's Creation
Yesterday I wrote about the Overview & Purpose Of Consumer Financial Protection Bureau (CFPB), in which I outlined the creation of the CFPB, their primary purpose, an who they regulate.  Today I want to go into What Has The CFPB Been Up To Since It's Creation, and internal changes that have been taking place at the CFPB.
The CFPB as it stands right now has, as Senator Jerry Moran (R-Kans) puts it “their own jurisdiction and regulate vast segments of our economy without accountability or restraint"  The CFPB is a very powerful agency that is only subject the the supervision of the President of the United States.  Many members of the Senate and Congress realize that this is way to much power to give any agency, there are bills presently being proposed to change that.  But in the mean time the CFPB is preforming their duties without any restrictions, and doing pretty much whatever they want.  This autonomy, and lack of supervision has produced some good and bad results.
The CFPB in my opinion has gone way beyond what any other regulatory agency is allowed to do.  For example:
When the CFPB does one of their Examinations/Audits on a Lender, they ... more

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