Washington Examiner

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Washington Examiner

 •  December 29, 2017

With 2018 right around the corner, it’s time to start making resolutions: to exercise more, to eat better, to spend more time with loved ones, or to practice better financial habits. Unfortunately, that last goal has become particularly difficult in recent years, as the federal government has implemented rules and regulations that increase costs...

Washington Examiner

 •  December 12, 2017

A poorly kept Washington secret is that the Consumer Financial Protection Bureau has far too much power. An unchecked and unaccountable government agency, the CFPB operates with practically no oversight. The director of the CFPB has unilateral power to issue rules and to decide when and how to enforce them. That's why there is currently a power...

Washington Examiner

 •  December 2, 2017

A bipartisan group of House lawmakers want to scrap a Consumer Financial Protection Bureau rule that tightens restrictions on payday lenders, saying Friday that it’s “a de facto ban” on the industry. “More than 1.2 million Floridians per year rely on Florida’s carefully regulated small-dollar lending industry to make ends meet,” Rep. Dennis Ross,...

Washington Examiner

 •  November 30, 2017

This week’s musical chairs at the helm of the Consumer Financial Protection Bureau sets the stage for what is sure to be a real test for not only the search for a permanent director, but the future of the controversial bureau. Following Richard Cordray’s resignation as CFPB director, the agency was left in a war over who would take the lead. The...

Washington Examiner

 •  November 29, 2017

The ongoing fight for control of the Consumer Financial Protection Bureau may have significant effects on the bureau's mass acquisition of private financial records, according to privacy advocates. The CFPB pools vast quantities of data for research purposes, including millions of Americans’ credit card records, which it says are anonymized,...

Washington Examiner

 •  November 29, 2017

Those who march under the #Resist banner speak piously about norms of governance and the rule of law, and they warn darkly that President Trump will cause some sort of constitutional crisis. The #Resistance is seemingly so eager to see their prophecy come true that it occasionally tries to induce just such a crisis all on its own. That’s what some...

Washington Examiner

 •  November 29, 2017

Thieves armed with stolen personal identification of taxpayers sought to kidnap $14.5 billion in 2015 tax return money, according to a new audit. And even with security measures in place, they ended up pocketing $2.2 billion, and causing thousands of taxpayers the agony of proving they didn’t get their refund, according to the Government...

Washington Examiner

 •  November 25, 2017

White House Office of Management and Budget Director Mick Mulvaney will serve as the acting head of the Consumer Financial Protection after former director Richard Cordray stepped down Friday. Mulvaney, who once called the CFPB a “sick, sad” joke, will perform the duties of the new office on a day-to-day basis while continuing to act as budget...

Washington Examiner

 •  November 25, 2017

President Trump vowed to restore the Consumer Financial Protection Bureau after being a "total disaster" under leadership of the recently departed Richard Cordray. "The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. Financial Institutions have been devastated and unable to...

Washington Examiner

 •  November 25, 2017

The White House insisted Saturday that President Trump has the authority to appoint a successor to temporarily oversee the Consumer Financial Protection Bureau, rather than a former acting director. In a call with reporters, senior administration officials pointed to the Vacancies Act as offering Trump the authority to appoint someone to oversee...