Posts Tagged ‘consumer finance protection bureau’

Time to Eliminate the Consumer Financial Protection Bureau


Thursday October 26th, 2017   •   Posted by K. Lloyd Billingsley at 8:25am PDT   •   1 Comment

Corey Lewandowski, an outside advisor to Donald Trump, wants the president to fire federal Consumer Financial Protection Bureau boss Richard Cordray. Lewandowski doesn’t like CFBP rules that make it easier to sue finance companies, but firing Cordray will not be easy. He can only be fired for cause, and that entails a burden of…
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Born to Lose


Monday February 17th, 2014   •   Posted by K. Lloyd Billingsley at 6:15am PST   •   1 Comment

Early 2014, with tax time approaching, is a good time to recall some hard realities. New government entitlements such as Obamacare are proving a colossal bust, and the federal government has been busy creating brand new agencies of dubious utility, such as the Consumer Finance Protection Bureau. None of that means that older federal…
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Mo’ Money: Government greed and the Rockefeller rule


Wednesday March 6th, 2013   •   Posted by K. Lloyd Billingsley at 2:20pm PST   •   3 Comments

Mark Trumbull of DC Decoder notes that, according to the Congressional Budget Office federal tax revenue will hit $2.7 trillion this year, a record that would surpass the $2.6 trillion in 2007, before the recession started. This strengthens the case of those who say the problem must be excessive government spending. But the $2.7…
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Defending Leviathan: The CFPB always knows best


Wednesday February 13th, 2013   •   Posted by K. Lloyd Billingsley at 10:03am PST   •   1 Comment

“In June 2009, President Obama proposed to address failures of consumer protection by establishing a new financial agency to focus directly on consumers, rather than on bank safety and soundness or on monetary policy.” So explains the Consumer Finance Protection Bureau (CFPB), the new federal agency that emerged in the midst of a deep…
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Voters Believe Federal Spending Cuts Unlikely


Friday January 4th, 2013   •   Posted by K. Lloyd Billingsley at 3:09pm PST   •   1 Comment

Most American voters want to see the federal government make spending cuts across the board, but those same voters doubt such cuts will take place, according to a recent Rasmussen Poll. The survey found that only 39 percent of likely voters think it is somewhat likely that government will significantly reduce spending while 57…
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