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New York Post report: the CFPB used a slush fund to funnel money to left wing causes

December 6, 2017

  At the end of November the head of the Consumer Finance Protection Bureau, Richard Cordray, stepped down and decided he somehow had the right to appoint his own successor in an attempt to prevent Donald Trump from appointing an interim head. Donald Trump disagreed and named Mick Mulvaney as acting head. The court quickly ruled that Donald Trump was in the right and Mick Mulvaney was installed to head the bureau until a permanent head can be nominated.

  Richard Cordray obviously wanted to ensure the CFPB stayed under the leadership of a Democrat and now we might know why if this New York Post story is correct. It appears as if there were some shady goings on at the CFPB:

 CFPB is a Democrat shop with an anti-business agenda that goes well beyond protecting consumers and includes closing the “wealth gap” and administering “economic justice,” as Cordray has been fond of saying. It hires almost exclusively Democrats and “rejects Republican job applicants,” according to former CFPB enforcement attorney Ronald Rubin. Federal election data show 100 percent of political donations made by CFPB employees during the 2016 election were given to Democratic candidates.

Here is more:

Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.

Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says.

Met behind closed doors to craft financial regulatory policy with notorious bank shakedown groups who have taken hundreds of thousands of dollars in federal grant money to gin up housing and lending discrimination complaints, which in turn are fed back to CFPB, according to Investor’s Business Daily and Judicial Watch.

That is bad enough but here is the biggie:

Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.

  This is in addition to personal privacy and corporate liability concerns which are also mentioned in the New York Post article…

  So the CFPB, if this story is true, was basically extorting money in the form of penalties from one group and sending the money left wing groups, which is basically a slush fund according to a former CFPB employee and wistleblower.

    It is pretty obvious to me why the left was so concerned when Donald Trump was granted permission by the courts to put a Republican in charge of this apparently corrupt agency.

malo periculosam libertatem quam quietum servitium

5 Comments leave one →
  1. Brittius permalink
    December 7, 2017 4:57 am

    Reblogged this on Brittius.

    Liked by 1 person

  2. December 7, 2017 6:33 pm

    Corday is now running for Ohio governor I now hear.

    Liked by 1 person

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