CFPB RIP
- Thread starter Diogenes
- Start date
Diogenes
Nemo me impune lacessit
Diogenes
Nemo me impune lacessit
The CFPB is NOT funded by Congress but by the Federal Reserve, an intentional gambit by Democrats that allows CFPB to evade Congressional oversight.
But that’s a double-edged sword: if it isn’t funded by Congress, that means a President doesn’t need Congress to defund it either.
View: https://x.com/VivekGRamaswamy/status/1888077819890032976
But that’s a double-edged sword: if it isn’t funded by Congress, that means a President doesn’t need Congress to defund it either.
View: https://x.com/VivekGRamaswamy/status/1888077819890032976
Diogenes
Nemo me impune lacessit
ELON AND DOGE JUST CRASHED THE CONSUMER PROTECTION BUREAU
The CFPB’s own website is glitching, its employees are protesting, and Elon is online declaring it dead.
Trump’s government efficiency squad just took over the agency, gaining access to its internal systems.
Critics are calling it a “five-alarm crisis,” warning that DOGE now controls sensitive consumer data.
Elon and Trump see it differently—another bloated bureaucracy on the chopping block.
With DOGE already dismantling USAID, the CFPB might not be the last agency to get wiped.
Who’s next?
View: https://x.com/MarioNawfal/status/1888412754777883019
Diogenes
Nemo me impune lacessit
Pursuant to the Consumer Financial Protection Act, I have notified the Federal Reserve that CFPB will not be taking its next draw of unappropriated funding because it is not "reasonably necessary" to carry out its duties. The Bureau's current balance of $711.6 million is in fact excessive in the current fiscal environment. This spigot, long contributing to CFPB's unaccountability, is now being turned off.
~ Acting CFPB Director
View: https://x.com/russvought/status/1888423503537360986
~ Acting CFPB Director
View: https://x.com/russvought/status/1888423503537360986
Diogenes
Nemo me impune lacessit
WATCH: Fired CFPB employee & attorney Hanna Hickman says Civil Servants are "only supposed to be fired if our performance falls short on the job...It's an illegal firing. The President picked the wrong bunch of lawyers to mess with!"
View: https://x.com/Breaking911/status/1892004847378915831
View: https://x.com/Breaking911/status/1892004847378915831
Diogenes
Nemo me impune lacessit
Over the last four years, many working class Americans with limited means faced unexpected medical bills, auto repairs & higher grocery bills.
One company set up an innovative solution by creating a platform to allow borrowers & lenders to connect for loans at no interest, with borrowers able to tip the lender and also donate to keep the platform going.
Shockingly, the CFPB tried to destroy this company, SoLo, which incurred millions in legal fees and had to lay off 30% of its workforce.
It was wrong and we dismissed the case. More to come but the weaponization of "consumer protection" must end.
View: https://x.com/russvought/status/1893732780527276236
One company set up an innovative solution by creating a platform to allow borrowers & lenders to connect for loans at no interest, with borrowers able to tip the lender and also donate to keep the platform going.
Shockingly, the CFPB tried to destroy this company, SoLo, which incurred millions in legal fees and had to lay off 30% of its workforce.
It was wrong and we dismissed the case. More to come but the weaponization of "consumer protection" must end.
View: https://x.com/russvought/status/1893732780527276236
