WASHINGTON — In a new video distributed by the National Real Estate Post, the host comments on a recent Wall Street Journal editorial regarding the structure of the Consumer Financial Protection Bureau.
“The CFPB is a new type of federal agency that wields power in a way we’ve never seen before,” said Brain Stevens, co-host of the National Real Estate Post. “As a result, the agency is drunk with power in setting and enforcing rules, creating an agenda outside of the scope of Congress, and working with absolute and complete impunity.”
For example, the agency director can’t be removed except for cause, and its annual budget isn’t controlled by the president or Congress.
To watch the video, click here.
The Wall Street Journal editorial, titled “Consumer Financial Protection Racket,” is behind a paid firewall, but available by clicking here.