Article

2025-02-02 Government Corruption

Trump fires the director of the Consumer Financial Protection Bureau, Census Bureau director quits, 88 senior FBI people escorted out yesterday

[Yahoo] Fauxcahontas' Fav Despot Defenestrated
President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.

Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Trump took office on Jan. 20. Chopra's tenure saw the removal of medical debt from credit reports and limits on overdrafts penalties, all based on the premise that the financial system could be fairer and more competitive in ways that helped consumers. But many in the financial industry viewed his actions as regulatory overreach.

Under the law, Chopra was to serve a five-year term, which meant he could have stayed on as the CFPB director. But he had publicly stated that he would leave his post if the new president asked.

The bureau was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. It has long been opposed by Republicans and their financial backers.

Last year, the Supreme Court rejected a challenge that could have undermined the bureau, ruling that the way it is funded does not violate the Constitution. Unlike most federal agencies, the bureau does not rely on the annual budget process in Congress, but is funded directly by the Federal Reserve.

In addition to being a pet project of Senator Fauxcahontis, venture capitalist and Trump convert Marc Andreessen blamed the Consumer Financial Protection Bureau for the debanking issue many in tech and cryptocurrencies were damaged or destroyed by in recent years.

[X]

‼️Important Clarification: 88 is the number of FBI agents and top managers who ACTUALLY were walked out of their offices today, including those at the Washington Field Office, Palm Beach, and Miami FBI offices. That number also includes special agents in charge of various field… https://t.co/RUNtH76H1p
— Susan Crabtree (@susancrabtree) February 1, 2025

Posted by Frank G 2025-02-02 00:00|| || Front Page|| [11158 views ] Top

#1 This is like watching a Vulcan Phalanx go through ammo.

Posted by Super Hose 2025-02-02 00:33|| 2025-02-02 00:33|| Front Page Top

#2 Praise the Lord and pass the ammunition.

Posted by Nero 2025-02-02 01:04|| 2025-02-02 01:04|| Front Page Top

#3 Pete Hegseth ended ghay Highander haggis farting month in DoD, and all the rest of the rediculous entitlement months and days as well. Hat tip to him for that brave move.

Posted by Besoeker 2025-02-02 02:00|| 2025-02-02 02:00|| Front Page Top

#4
Remember the reason for the 2008 US Banking system collapse that cause the creation of the Consumer Financial Protection Bureau?

Posted by NN2N1 2025-02-02 05:30|| 2025-02-02 05:30|| Front Page Top

#5 The velocity has overwhelmed the usually DNCMSM complex's ability to keep harping on one thing day after day. He's in their OODA loop

Posted by Procopius2k 2025-02-02 07:25|| 2025-02-02 07:25|| Front Page Top

https://pbs.twimg.com/media/Epf2NqNXcAENjnt.jpg

Posted by DarthVader 2025-02-02 10:40|| 2025-02-02 10:40|| Front Page Top

#7 The Consumer Financial Protection Bureau is the Liz Warren concoction that exists like an unaccountable NGO.

Posted by Super Hose 2025-02-02 10:44|| 2025-02-02 10:44|| Front Page Top

#8 A business should ignore a regulation and fight the fine to the Supreme Court. Didn’t the Chevron decision eliminate the bureaucracy from such antics?

Posted by Airandee 2025-02-02 12:57|| 2025-02-02 12:57|| Front Page Top

#9 Problem is, how many will be charged with treason and sedition?

Posted by Woodrow 2025-02-02 20:31|| 2025-02-02 20:31|| Front Page Top