It’s no surprise then that the agency has:
•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.
•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.
What’s more, CFPB has secretly assembled giant consumer databases that raise individual privacy as well as corporate liability concerns. One sweeps up personal credit card information and another compiles data on as many as 230 million mortgage applicants focusing on “race” and “ethnicity.” Yet another database of consumer complaints contains more than 900,000 grievances against named financial companies without any vetting to determine their merit, points out Alan Kaplinsky, lead regulatory compliance attorney at Ballard Spahr LLP.
So they collected $5 billion in penalties, which were put in a slush fund. You wonder if some of those funds went into other things, like a private intel operation to assist with “investigations” through surveillance and infiltration, that could have been redirected periodically to other things. A full audit of all expenditures would be very interesting.
For that matter, you wonder if those databases could be searched for any Credit Card purchases at gun stores, Trump’s website, or any other unfavored vendors. For that matter, if they grab credit card records, could they reveal an entire purchase history for anyone specifically if searched by name. Then that data could be used to preferentially target fines at conservative-owned businesses, and favor leftists.
Unbelievable we had establishment Republicans calling to elect Hillary, and give up all this winning.