WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance Foundation (TPAF) announced the launch of its newest initiative to hold government accountable, CFPB Mission Creep. This new platform will educate the public on the negative consumer impacts resulting from overreaching actions by unaccountable regulators at the Consumer Financial Protection Bureau (CFPB).
Since its creation in 2010, the CFPB has taken advantage of its “power of the purse” immunity and the lack of proper Congressional oversight to implement a series of statutorily dubious regulatory actions that raise serious consumer privacy concerns and make a tough economy even harder to navigate for millions of Americans.
TPAF’s CFPB Mission Creep initiative adds to its ongoing work to expose the administrative state and protect taxpayers, including and .
TPAF President David Williams offered the following comment:
“For far too long, regulatory agencies have wandered outside their congressionally-mandated authority by bending the rules to create policy by regulatory fiat. The CFPB is one of the government’s worst offenders – its actions are unconstitutional, unaccountable, and simply unacceptable to consumers and taxpayers.
The CFPB has facilitated a series of statutorily dubious regulatory actions through which unelected bureaucrats seek to micromanage every aspect of American life, including proposals that would require U.S. companies to collect highly personal consumer information that neither the company nor the government need to collect. Now, more than ever, U.S. taxpayers need to understand the direct impact that regulators in Washington, D.C. are having on their finances and their families, and CFPB Mission Creep will do just that.”
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 and spending by all levels of government. TPAF educates the public about government transparency and openness in the United States and around the world.