The Consumer Financial Protection Bureau May Be Held Accountable….
By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
The Consumer Financial Protection Bureau May Be Held Accountable…. According to an article published by HousingWire, congressional Republicans put to a vote the Consumer Financial Freedom and Washington Accountability Act, a bill that will bring transparency and accountability to one of the least regulated agency in the federal government. Lately, the CFPB has come under attack after it announced its plans to spend an estimated $145 million in renovations for offices it doesn't own. If this does not signal a reckless amount of spending and lack of regulation, I don't know what will. The Federal Reserve has even begun an investigation into why renovations who began so modestly have risen up to three times the original estimate. It is especially ironic that the every government agency tha...