SCOTUS Will Review Constitutionality of Biden’s CFPB – Newsbreak

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Justices on Monday agreed to hear a case challenging the legality of the independent Consumer Financial Protection Bureau (CFPB), the brainchild of now-Sen. Elizabeth Warren (D-Mass.) and enacted by a Democrat-led Congress and former President Obama. It was allegedly in response to the financial crisis of 2008-2009. In reality, it is a rogue government within a government that circumvents Congress and the Constitution.

Barack Obama never left.

The CFPB was created as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The order taking the case came four months after a federal appeals court panel unanimously ruled that the CFPB’s funding mechanism was unconstitutional.

The CFPB is funded by the Federal Reserve, not Congress, a funding choice that was adopted by a Democratic-controlled Congress allegedly to help safeguard the bureau from political pressure.

But Republicans have expressed opposition to the agency, which oversees consumer markets such as credit cards and home mortgages. It operates outside the elected government and the Constitution.

It was weaponized by Democrats but Donald Trump gutted it.

Whistleblower, Cassandra Jackson, reported that the [Elizabeth Warren] Consumer Financial Protection Bureau falsified documents to fine payday lenders. She detailed the accusations in a letter, adding that there was “widespread racism and gender discrimination.”

Biden is attempting to bring it back. It’s another power grab. This Elizabeth Warren creation will be a tool by which companies will be controlled by the government.

Read about the CFPB on this link.

 


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Peter B. Prange
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Peter B. Prange
1 year ago

Unfortunately it takes a long time to unravel and undo the damage done by Barack Obama and his ilk.
This is another example as to why a Republican (not RINO) president and Republican congress must be elected in 2024. If the crazies take over the Supreme Court the republic may well be doomed.

John Vieira
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John Vieira
1 year ago

They may have not ‘taken over’ the Supreme Court but they sure have scared it into ‘compliance’ -“six of one/half dozen of the other”…

Canadian Friend
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Canadian Friend
1 year ago

As the sub-prime crisis of 2008-2009 was showing unmistakable signs it was about to happen, Democrats such as Dodd FIRMLY DENIED anything was going in the wrong direction and they swore the economy was doing fine and they accused Republicans of all sorts of bad things.

Republicans were trying desperately to make Democrats see that it was an accident waiting to happen, that it would cause a giant catastrophe.

Democrats were refusing to hear it.

Then once the crash happened the democrat flying monkeys , the journalists in the Main Stream Media, LYING trough their teeth created the fake story that it was all because republicans did not monitor the sub prime market closely enough!!!

which is the exact opposite of the truth !!!

If a virus was invented that prevented humans from lying, the democrat party and the Main Stream Media would melt away instantly like the witch in the wizard of Oz as everything they say is built on lies.

In my old computer stored somewhere under a pile of boxes I have a video that shows the half dozen of times republicans implored democrats to put a stop to the sub prime thing, and each time democrats denied there was any problems.

90% of people have never seen that video, they are convinced republicans caused the sub prime crash.

ok i ll get down from my soap box now 😉

Canadian Friend
Guest
Canadian Friend
1 year ago

I have to say more…sorry…

And democrats are at it again,

the sub prime was based on the absurd idea that if banks lent money to non-whites who had a history of not paying their debt, those non-whites would magically become reliable payers…and this in turn would reduce racism.

and the even stupider idea that banks lent less money to non-whites out of racism, not because non-whites tend to not pay their monthly payments.

and democrats are at it again

everything they do is for the non-whites even if it makes no sense at all and even if it is sure to cause destruction.

the democrat-leftists obsession with racism, and their insane irrational stupid solutions are destroying Western Civilization.

Lending money or hiring people simply because their skin is brown is suicidal.

Peter B. Prange
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Peter B. Prange
1 year ago

This message needs to be amplified, perhaps a 2nd article specifically to this point showing he true history!!!

GuvGeek
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GuvGeek
1 year ago

In the end it was the housing bubble that too much cheap money created that was the problem. People went on a buying and flipping spree and when the Bubble Burst the whole housing market went bankrupt and the Banks started collapsing. The Government should have just let everything collapse. There would have been investors to pick up the pieces at bargan basement prices.

GuvGeek
Guest
GuvGeek
1 year ago

Anything that Elizabeth Warren wants to do is probably a bad idea!

John Vieira
Guest
John Vieira
1 year ago
Reply to  GuvGeek

Marxists are indoctrinated…not educated…