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Supreme Court Rules Law Creating Director of CFPB Unconstitutional – Severs Removal Clause, Retains Agency

CFPB

The Consumer Financial Protection Bureau (CPFB) was originally created by Congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations.

 

Essentially, the CFPB is a congressionally authorized far-left extortion scheme in the banking sector.  The CFPB levies fines; the fines generate income; however, unlike traditional fines that go to the U.S. treasury, the CFBP fines are then redistributed to left-wing organizations to help fund their political activism.

https://theconservativetreehouse.com/2020/06/29/supreme-court-rules-law-creating-director-of-cfpb-unconstitutional-severs-removal-clause-retains-agency/

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