The Biden Justice Department along with their cohorts at the Consumer Financial Protection Bureau (CFPB) have broken the logic barrier once again as they issued a statement saying illegal immigrants cannot be discriminated against in getting credit.
What?
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Wells Fargo, one of the largest banks in the United States is facing a lawsuit from its Hispanic employees that accuses the centuries old bank of engaging in predatory lending practices against customers of the same ethnic origin.
The lawsuit, filed June 30 in a Texas federal court, accuses Wells Fargo of pressuring Hispanic employees in San Antonio to redirect Latino customers away from home equity lines of credit to more expensive but profitable refinancing options without furnishing the usual disclosures, according to a complaint filed in court.
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The Supreme Court announced Monday it would take up a case challenging the Consumer Financial Protection Bureau’s (CFPB) funding mechanism on constitutional grounds.
On Oct. 19, 2022, the U.S. Court of Appeals for the 5th Circuit ruled that funding the CFPB through the Federal Reserve violates the Constitution’s Appropriations Clause, which gives Congress the “power of the purse” in appropriating government funds. The CFPB filed a petition for a writ of certiorari on Nov. 14, 2022, which the Supreme Court granted Monday morning.
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Republican senators claimed in a Monday letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra that he has returned the federal agency to its “lawless and unaccountable” Obama-era “roots.”
Led by Pennsylvania Sen. Pat Toomey, the 12 senators are taking aim at Chopra’s alleged “abuses of power” that are a “serious concern.” Chopra should “reverse course” and ensure the CFPB “stay[s] within the boundaries of law,” the senators wrote.
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President-elect Joe Biden will reportedly nominate Rohit Chopra, an ally of Massachusetts Sen. Elizabeth Warren, to lead the Consumer Financial Protection Bureau.
Chopra is a member of the Federal Trade Commission (FTC), and if confirmed by the Senate would take over an agency that he helped create alongside Warren approximately a decade ago. Chopra’s selection was first reported by Politico, which cited four individuals with knowledge of the decision.
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Senator Elizabeth Warren (D-MA) may no longer be running for president, but her agency lives on.
The Consumer Financial Protection Bureau (CFPB) doesn’t want to be controlled by the Trump Administration. The Supreme Court might end the agency’s streak of independence later this year. Ostensibly, the CFPB aims to protect ordinary Americans from untoward business practices. Instead, it only advances left-wing causes and identity politics.
Warren proposed the CFPB in 2007 when she was a Harvard law professor. President Barack Obama established it in 2010. It is supposed to protect Americans from malpractice in the financial industry, yet the CFPB’s main task during the Obama Administration was fighting “disparate impact.” Disparate impact is a legal concept that considers racially disproportionate outcomes as evidence of discriminatory policies, even if the policies had no discriminatory intent and were administered objectively.
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Democrat Richard Cordray received favorable coverage this week from NBC affiliate WTAP, which gave a platform to Cordray’s wife that she used to tout his record of promoting women “to the top” positions of power. Former Ohio First Lady Frances Strickland, wife of former Gov. Ted Strickland, made stops in Marietta…
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As the first Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray did a lot of traveling. In fact, as we have reported previously, Cordray commuted every week from Columbus to the CFPB DC office, most likely on the taxpayer’s dime. But we didn’t know until now that Cordray’s…
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An Ohio think tank filed an amicus brief Tuesday in a case before the U.S. Supreme Court that seeks to rein in the power of the consumer watchdog agency once headed by Ohio Democratic gubernatorial candidate Richard Cordray. In the case, plaintiffs argue that the Consumer Financial Protection Bureau, created by former President Obama and…
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Richard Cordray was back in his old stomping ground in Washington, D.C., Wednesday, fundraising with his mentor and close friend Sen. Elizabeth Warren (D-MA). Cordray’s ties with Warren are many. She and former President Obama founded the Consumer Financial Protection Bureau, and Cordray became her hand-picked director. Cordray’s six-year tenure at the agency…
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During a Politico Live presentation on Thursday, September 20, 2018, Democrat Governor’s nominee Richard Cordray stated that he commuted every week between his home in Central Ohio and Washington, D.C. during his tenure at the Consumer Financial Protection Bureau (CFPB). Cordray specifically noted that he made the 500 mile commute…
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A complaint has been filed in federal court alleging Richard Cordray and the Consumer Financial Protection Bureau engaged in discriminatory practices against female and racial-minority employees of the agency. The complaint, filed Sept. 13 in D.C. District Court, seeks class-action status for all affected employees. It alleges violations of the…
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Wells Fargo was slapped with a massive government fine in September 2016 after it was found to be pressuring consumers to open accounts they didn’t want and even secretly opening accounts without customers’ authorization. Richard Cordray’s Consumer Financial Protection Bureau issued a press release Sept. 8, 2016 laying out the…
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The core message of Richard Cordray’s campaign for governor of Ohio is that he returned “$12 billion” to consumers while heading up President Obama’s Consumer Financial Protection Bureau. The claim of returning a specific amount of money to consumers appeared in countless CFPB press releases that predate his run for governor.…
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When former President Obama, with Sen. Elizabeth Warren (D-MA) by his side, nominated Richard Cordray to take over the newly formed Consumer Financial Protection Bureau, he famously remarked: “We can’t let politics stand in the way of doing the right thing in Washington.” But has Richard Cordray lived up to…
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On a conference call with reporters Thursday morning prior to a Barack Obama Ohio campaign stop later in the day, Ohio Secretary of State and Republican Lt. Governor Candidate Jon Husted blasted the troubled tenure of Richard Cordray at the Consumer Financial Protection Bureau (CFPB). Ohio Republican Chairwoman Jane Timken…
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Richard Cordray, the Democrat hoping to become Ohio’s next governor, has embraced all of his party’s favorite talking points, including Hillary Clinton’s 2016 mantra “diversity is our strength.” But Cordray’s managing skills, when confronted with a diverse workforce, did not pass muster with minorities. In fact, if he were…
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Democratic-hopeful Richard Cordray recently announced in his bid for Ohio’s governor seat that he intends to enact failed policies from his time at the Obama administration’s Consumer Financial Protection Bureau (CFPB). In April, it was revealed that under Cordray’s direction the CFPB allegedly faced at least 1,000 different hacks, including…
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by Norbert Michel The Trump administration has nominated Kathy Kraninger to be the next director of the Consumer Financial Protection Bureau, and Roll Call reports that her confirmation hearing was “as politically contentious as it’s gotten in the last year and a half” on the otherwise “senatorial Senate Banking Committee.” Ignore the…
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President Donald Trump plans to nominate Kathy Kraninger, associate director of the Office of Management and Budget, to head the Consumer Financial Protection Bureau, which seeks to prevent financial abuses to consumers. In a statement Saturday, the White House said Kraninger would continue the efforts of the current CFPB chief,…
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