New Evidence Reveals Vast Powers of Consumer Finance Bureau
Tucked into the 232 pages of the May 31 Federal Register—the daily catalog of new regulation—was glaring evidence that the newly created Consumer Financial Protection Bureau (CFPB) will exercise nearly unlimited power over how Americans obtain credit and loans and manage their money. That it will do so absent accountability to Congress or virtually anyone else is an invitation to regulatory overkill.
This is Obama's plan- to rule over America with an iron fist. He claimed to have the most transparent administration in history, yet he continues to show his true colors. He's not a leader.
He's a commie socialist dictator.