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Is the DOGE Taking a Bite Out of the Consumer
Financial Protection Bureau?

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Posted By: Dreadnought, 11/27/2024 1:36:36 PM

One of the best things President-elect Trump has initiated is the Department of Government Efficiency - the DOGE. Elon Musk and Vivek Ramaswamy are preparing to let the DOGE off the leash, and if a recent X post from Elon is any indication, the DOGE may be taking a bite out of Senator Elizabeth Warren's brainchild, the Consumer Financial Protection Bureau (CFPB.) That seems a good idea; the federal government is massively feather-bedded, and we got along just fine without the CFPB until 2011; it seems we could get along without it again. And if anyone asks why, I could provide 36 trillion reasons. In other words, we're broke,

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Reply 1 - Posted by: NorthernDog 11/27/2024 1:43:26 PM (No. 1843976)
Lizzie Warren will be on the warpath when they scalp her agency.
7 people like this.

Reply 2 - Posted by: itsonlyme 11/27/2024 1:46:14 PM (No. 1843979)
Pocahontas and her losing battles
5 people like this.

Reply 3 - Posted by: padiva 11/27/2024 2:23:27 PM (No. 1843991)
Isn't the CFPB a slush fund? BO would fine companies for things and give the money to his friends.
5 people like this.

Reply 4 - Posted by: Harlowe 11/27/2024 2:26:34 PM (No. 1843993)
As an adjunct to “taking a bite out of the CFPB” there is an interesting article written by John F. Cogan (Senior Fellow at Stanford University’s Hoover Institution) calling attention to “Fiscal Federalism” that is well worth reading. Federal monies are being spent on “building and maintaining municipal parks and playgrounds, bike paths and hiking trails, city sidewalks, bus stops, railroad crossings, traffic signs and stop lights, and beautification projects ... in addition to costly outlays for welfare, disability, healthcare and income-support programs.” He points out that the federal government has “chosen to take on and finance additional responsibilities by using debt alone” rather than the federal government raising tax revenues required to finance its spending on state and local activities. https://radiopatriot.net/2024/11/27/an-idea-whose-time-has-come/ An idea whose time has come Got Debt? Try Some Fiscal Federalism -- Musk and Ramaswamy can end Washington’s habit of paying for everything from bike paths to bus stops. (By John F. Cogan - Nov. 26, 2024 2:57 pm ET)
6 people like this.

Reply 5 - Posted by: Strike3 11/27/2024 3:40:23 PM (No. 1844040)
Don't just take a bite, swallow it whole.
4 people like this.

Reply 6 - Posted by: EJKrausJr 11/27/2024 4:45:14 PM (No. 1844065)
Pocahontas' CFPB did not protect consumers. She should be ashamed of herself. But no. She speaketh with forked tongue instead.
2 people like this.

Reply 7 - Posted by: jeffkinnh 11/27/2024 4:47:53 PM (No. 1844067)
I suspect and hope that Trump has a list of all the agencies that have no Constitutional authorization and TERMINATES THEM on Jan 20th. There will, of course, be resistance to this but it seems rather clear cut. No legal creation means no such agency should exist. If there are some worthwhile agencies, Congress, with Trump's approval, should create them properly. I suspect this process will uncover that broad swaths of government that have terrorized the Country will cease to exist. They should be immediately defunded and people laid off as it winds through any court challenges. Liberals will be screaming. Conservatives will be cheering. And so many will be astonished as to how easy it is to do with an Executive and Court that actually follow the Constitution and established law. This alone should remind people how dems created this abomination of agencies and why they should never be allowed near leadership again.
4 people like this.

Reply 8 - Posted by: snapper451 11/27/2024 5:04:58 PM (No. 1844073)
Not sure if anyone here has had to deal with FINCEN yet. Financial Crimes Enforcement Network, which will fine you over $500/day if you don’t register. I own an interest in a start up company and had to report my interest along with all of my personal information. This needs to go, tremendous invasion of privacy and overkill by the government- has to be from Bernie and Fauxcahontas.
3 people like this.

Reply 9 - Posted by: TexasHillCountry 11/27/2024 5:09:31 PM (No. 1844076)
As long as the bite completely guts it!
0 people like this.

Reply 10 - Posted by: Venturer 11/27/2024 5:18:14 PM (No. 1844081)
Elizabet Warren is Massachusetts going on the warpath against the rest of the United States.
1 person likes this.

Reply 11 - Posted by: DVC 11/27/2024 6:00:28 PM (No. 1844098)
This misbegotten mess from the fevered leftist mind of Sen Warren needs to be euthanized.
3 people like this.

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