Bringing Accountability to the Consumer Financial Protection Bureau
Protecting Consumers From The Administrative State
Extreme Agency Overreach
The CFPB was created in 2010 by the Dodd-Frank Act, and was empowered to “regulate the offering and provision of consumer financial products or services.” Since its inception, the CFPB has frequently acted as its own kingdom, purposefully pushing the regulatory authority granted to it by Congress and operating in an unconstitutional organizational structure.
The CFPB operates outside the realm of Congressional oversight and is anti-democratic, anti-consumer, and anti-business. Consumers deserve a fair chance to access the credit products they need without big government getting in the way. It’s time to reform and rein in the CFPB.
From its inception, the CFPB’s regulations and actions have far exceeded its purpose. Examples include:
Experts agree: it’s time to rein in the CFPB.
The focus of this project – “CFPB Mission Creep” – is to shine a light on the negative impact of the unaccountable and overreaching actions of the Consumer Financial Protection Bureau.
The CFPB is criminalizing the common and standard business practices of financial institutions without any Congressional mandate or constitutional funding mechanism.
As a result, the CFPB is making it harder for consumers to access the credit products they rely on.
CFPB Should Not Thwart the Bipartisan Effort to Combat Identity Fraud
The White House recently touted new bipartisan legislation introduced in Congress aimed at cracking down on identity fraud through significant investments and policy changes. Crimes like identity theft have a real impact on consumers: Traditional identity fraud cost Americans a reported $23 billion in 2023. Channeling federal policies and resources toward reducing identity crime is a worthwhile and potentially effective effort that can…
Apple, Google and Venmo Fight New U.S. Plan to Monitor Payment Apps
The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends. But the prospect of…
The Taxpayers Protection Alliance Foundation (TPAF) is a non-profit non-partisan organization dedicated to educating the public through research, investigative reporting, and analysis about the effects of excessive taxation, regulation, and spending by all levels of government.