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Keeping it Real
(Total Views: 182)
Posted On: 08/31/2023 9:51:30 PM
Post# of 51890
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Posted By: energy_wave
Re: SaltyMutt #47016
Supreme Court to Hear Arguments Declaring CFPB Funding Mechanism Unconstitutional

Quote:
The Supreme Court has agreed to review a case against the Consumer Financial Protection Bureau (CFPB) over its blatantly and deliberately intentional unconstitutional funding mechanism. A ruling affirming a lower court’s conclusion could pave the way for negating that agency’s tyranny over the nation’s credit and financial-services industry.

The CFPB is the illegitimate brainchild of Massachusetts’ far-left Senator Elizabeth Warren (D), who saw an opportunity following the 2008 financial crisis to inflict government regulators on the country’s financial system.

It was designed from the start to avoid constitutional limitations. It is housed inside the Eccles Building in Washington, D.C., along with the Federal Reserve’s Board of Governors.

It isn’t funded by Congress, but by the Federal Reserve, and, although part of the executive branch, there is virtually no congressional or executive oversight of the agency.

It writes its own rules, determines who violates them, and then punishes the violators, sometimes with outrageous fines that threaten their victims’ very survival.



Full article at link...


https://thenewamerican.com/us/politics/suprem...530b104631

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