Consumer finance bureau ‘out of control’ under Biden's director, critics say

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CFPB Director Rohit Chopra is aggressively pursuing economic changes, and many pro-business groups and politicians are sounding the alarm about what they consider a 'lawless' agency

The chamber adopted the "rein-in" phrase from a Chopra speech to students at the University of Pennsylvania Law School in March titled, "Reining in Repeat Offenders."

Federal Trade Chairman Joseph Simons and Federal Trade Commissioners Rohit Chopra, Noah Phillips, Rebecca Slaughter and Christine Wilson testify on oversight of the FTC before the U.S. Senate. CONSUMER ADVOCATE GROUPS URGE CFPB TO REGULATE BNPL PRODUCTS LIKE CREDIT CARDS, CITE 'CAUSE FOR CONCERN' "This is a recurring theme for the Biden administration in every agency. Every agency has a mandate for equity and inclusion; this is Mr. Chopra’s version of carrying it out," Miller said. "I don’t see him as a bad guy. I just see him as an aggressive and worthy adversary.... I don’t think he’s dishonest. I don’t think he is being manipulated by third parties. He was hired to be who he is now.

A May 2018 report that Chopra co-authored for the Roosevelt Institute, a left-leaning think tank, called for a Public Integrity Protection Agency, or PIPA, with a director appointed to a seven-to-10-year term. The proposed agency would have the ability to bring civil and criminal enforcement actions in federal court; investigate any individual or company seeking to influence federal officials; and assume the president’s responsibility for appointing inspectors general at federal agencies.

 

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Happens every time a new government agency is created

Make it easy for yourself, “everything is out of control” under “the handlers” administration… leave Joe out of it, he’s got nothing to do with anything!!!

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