freedom – soon – from Pocahontas’ Consumer Finance Protection Agency (CFPA)?

Freedom – soon  -   from the Consumer Finance Protection Agency (CFPA)?    Freedom from the  brain child of  Senator Elizabeth Warren aka nicknamed Pocahontas by some. Some call the CFPA  an important  “watchdog” for consumers.  But  who wants this “watchdog”.    That watch dog tells you which credit cards you can carry in your wallet.

Do you want one person in America — the head of the CFPA –  deciding what credit cards you can have in your wallet  and whether you can get a mortgage?

Some questions need answering:  The Consumer Finance Protection Agency (CFPA) takes money via fines  and gives  those fines and money   to whom?  Who actually receives those  fines is not clear.

It is documented  that  the CFPA overwhelmingly gave  2016 donations to  Hilary Clinton …. and  to Elizabeth Warren.

It is  known that the  CFPA is 100% funded via the Federal Reserve and  that there are  no accountability requirements to Congress.  It is reported  that the fines received  go to Planned Parenthood but that’s not verified.

The constitutionality of the CFPA will be examined by the courts in May 2017. What National Review has to say about the constitutionality of the CFPA:

“House FinaLast year, the United States Court of Appeals for the District of Columbia Circuit ruled that the CFPB was “unconstitutionally structured.” Its opinion was not subtle. According to the Court, The CFPBâ€s concentration of enormous executive power in a single, unaccountable, unchecked Director not only departs from settled historical practice, but also poses a far greater risk of arbitrary decisionmaking and abuse of power, and a far greater threat to individual liberty, than does a multi-member independent agency.

‘But wait, thereâ€s more: In short, when measured in terms of unilateral power, the Director of the CFPB is the single most powerful official in the entire U.S. Government, other than the President. Indeed, within his jurisdiction, the Director of the CFPB can be considered even more powerful than the President. It is the Directorâ€s view of consumer protection law that prevails over all others. In essence, the Director is the President of Consumer Finance.

Read more at: http://www.nationalreview.com/article/454121/elizabeth-warren-native-american-heritage-harvard-fraudncial Services Chairman Jeb Hensarling, R-Texas  calls  the institution a “rogue agency.”  Senators led by Sen. David Perdue of Georgia introduced a bill  which gives  lawmakers control over the CFPB’s purse strings. Currently, the CFPB is funded through the Federal Reserve.

“No person in America, particularly an unelected person, should have the power, unilaterally, to decide what credit cards should go in our wallet, whether or not we can have a mortgage, and whether or not, if we like our banker, we can keep her,” Hensarling said. “This agency is just out of control.”

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Comment:    When Pocahontas aka Elizabeth Warren is unhappy about reining in the  CPFA  — others smile.   Clinton’s $800 BILLION  “stimulus plan”  which was supposed to build roads and  bridges actually went to support  union jobs who paid union dues and that money went back to the Democrat coffers.

It appears that  the Consumer Finance Protection Agency takes money via fines (as banks settle rather than go to court) and that money goes to support Democrat  Party goals.    Goals that take freedom away from American consumers.  That’s not cool.            written by  Cameron Jackson