The Consumer Financial Protection Bureau Does Not Protect Consumers, It Harms Them
There is a government agency in Washington that regulates large parts of the economy with no oversight from Congress or the President? It’s called the Consumer Financial Protection Bureau … the CFPB. and this rogue agency claims to protect consumers, but in reality the CFPB attacks financial companies drowning them in red tape and paperwork and leaves consumers with higher costs and fewer financial choices. Thanks to the CFPB, Millions of people can no longer get quick access to cash to pay their bills or handle an emergency. Mortgages are harder to get and more expensive. Now these unelected bureaucrats want to take over student loans. This means students who need financial aid could find themselves locked out of higher education. And worst of all the CFPB’s thousands of rules and one-size-fits-all policies make it harder for Americans to gain financial security and take control of their future. It’s time to rein in this unaccountable regulatory agency. We need to take control of the CFPB before it takes control of us.