CFPB Meets DSM
22nd May 2024
Thanks to a 7-2 vote of the Supreme Court, the Consumer Financial Protection Bureau will continue to be funded by the Federal Reserved instead of congressional appropriations. As the people should know, the court ruling does not confer any merit on the CFPB, a legacy of the Carter-Era Community Reinvestment Act. The CFPB was based on the assumption that even educated and informed consumers are unable to look out for themselves without help from politicians.