D.C. Circuit ruling on CFPB an affront to consumers and small businesses

Jan. 31, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement blasting a ruling by the D.C. Circuit Court of Appeals in favor of the single directorship of the Consumer Financial Protection Bureau:

“Today’s decision by the Court is an affront to the many consumers and small businesses who have suffered greatly at the hands of a rogue agency that was supposed to protect consumers from financial abuse. In fact, it was the CFPB’s lack of oversight protection by Congress and the President which allowed Richard Cordray to use the agency as a bank to curry favor with and fund left-wing activist groups as he prepared to run for governor of Ohio. No federal agency should ever be free from transparency and accountability and today’s decision did nothing but reaffirm the public’s distrust of and disdain for our government.”

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