Skip to main content

U.S. President Barack Obama (L) listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray in the State Dining Room at the White House in Washington July 17, 2013. REUTERS/Larry Downing
Richard Cordray with President Obama
Boy, do Republicans hate regular people. They don't want them to have health insurance. If they're poor, they don't want them to have food. And they don't want them to have any protection against a predatory financial industry. They lost on big battle on that front, when Senate Republicans finally had to stop trying to nullify the the law that created the Consumer Financial Protection Bureau, and allow it to have a director, Richard Cordray. But that's not going to stop them from raising hell with Cordray, and trying to keep him from doing his job.
House Republicans went on the attack Thursday against President Obama’s consumer watchdog after allowing his testimony for the first time in nearly six months. [...]

“The CFPB is arguably the single most powerful and least accountable federal agency in the history of America,” said Rep. Jeb Hensarling (R-Texas), the committee’s chairman.

“In many respects the CFPB is uniquely unaccountable even to itself, since it is fundamentally not an it, not a they, only a he,” he added, describing a “unilateral, unbridled and unparalleled” amount of power that has been granted to Cordray as the director of the agency.

Hensarling has apparently never heard of the National Security Agency. Of course, a few months ago, it was the IRS that held that all-powerful position for Republicans, so you can take that criticism for what it's worth—nothing. But if you want to go for really stupid, you can always find it.
“What I think America deserves is the transparency that you’re promised,” said Rep. Sean Duffy (R-Wis.). “You come in and you stonewall. You try to explain but never do we get answers. Never does America get answers.”
That's after the committee spent the last six months refusing to allow Cordray to testify before it to make the point that they considered his recess appointment unconstitutional. So it was Cordray stonewalling? Your House Republicans at work.

By the way, the CFPB's latest nefarious action was to remind employers that they can't force workers to be paid by fee-laden payroll cards.

Originally posted to Joan McCarter on Fri Sep 13, 2013 at 11:11 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site