It's just telling that you've got an authoritarian playbook that sort of, at every pass, seems to be more focused on driving up corporate profits at the expense of the American people.
See this page in the PDF
Consumer Financial Protection Bureau
37
38. 39.
40
Al.
42
43
44
AS.
46. 47.
48
49. 50. 51,
52:00:00
05:00:00 AM
54
Dos 56.
Table 7, “Civil Penalty Fund Significan of the Consumer Financial Protection Bureau, Fiscal Year 2022, November 15 consumerfinance.gov/f/documents/c Ibid. Consumer Financial P Year 2022, p. 20. 12 U.S. Code § 5491, h Consumer Financial P
otection
otection
Activity,” in Consumer Financial Protection Bureau, Financial Report
, 2022, p. 21, https://files.
pb_financial-report_fy2022.pdf (accessed March 23, 2023). Bureau, Financial Report of the Consumer Financial Protection Bureau, Fiscal
tos://www.law.cornell.edu/uscode/text/12/5491 (accessed March 23, 2023). Bureau, “Bureau Structure,” last updated March 15, 2023, https://Awww.
consumerfinance.gov/about-us/the-bureau/bureau-structure/ (accessed March 23, 2023).
See Consumer Financial Protec
ion Bureau, “Consumer Financial Civil Penalty Fund Rule,” https://www.
consumerfinance.gov/rules-policy/final-rules/consumer-financial-civil-penalty-fund-rule/ (accessed
March 23, 2023).
Consumer Financial P
otection
education-financial-literacy/ (accessed March 23, 2023). U.S. Government Accountability Office, Consumer Financial Protection Burea
Bureau, “Civil Penalty Fund: Consumer Education and Financial Literacy,” https:/Awww.consumerfinance.gov/enforcement/payments-harmed-consumers/civil-penalty-fund/consumer
u: Opportunity Exists to Improve
Transparency of Civil Penalty Fund Activities, GAO-14-551, June 2014, https://www.gao.gov/assets/gao-14-551.
pdf (accessed March 23, 2023).
Seila Law LLC v. Consumer Financial Protection Bureau, 591U.S.____ (2020), opinions/19pdf/19-7_n6io.pdf (accessed March 23, 2023).
Ibid., p. 37.
https://Awww.supremecourt.gov/
See 12 U.S. Code § 5497(a)(1), https://www.law.cornell.edu/uscode/text/12/5497 (accessed March 23, 2023). Congress specified that the amount transferred to the CFPB “shall not exceed” 12 percent “of the total operating expenses of the Federal Reserve System...in fiscal year 2013, and in each year thereafter.” Ibid., §
5497(2)(A)(iii).
Community Financial Services Association of America v. Consumer Financial Protection Bureau (5th Cir. 2022),
pp. 31-32, h bid., p. 32. bid. (quoting Sella Law LLC v. CFPB, 140 S. Ct. 2183, 2202 n. 8 (2020)).
arch 23, 2023). Devin Watkins, Competitive Enterprise Institute, “Consumer Financial Protec estimony before the Subcommittee on Financial Institutions and Monetary
BA20/20230309/115384/HHRGorbert J. Michel, “7 Steps Nex Awful,” Heri commentary/7-steps-next-director-can-take-make-the-consumer-financial.
Director Can Take to Make the Consumer Fin
Po Financial Services, U.S. House of Representatives, March 9, 2023, https://docs.house.gov/meetings/BA/ 18-BA20-Wstate-WatkinsD-20230309.pdf (accessed March 23, 2023);
age Foundation Commentary, July 28, 2018, https://www.heritage.org/marke
tos://www.ca5.uscourts.gov/opinions/pub/21/21-50826-CV0.pdf (accessed March 23, 2023).
U.S. Supreme Court, “Order List: 598 U.S.,” February 27, 2023, Docket No. 22-448, CFPB et al. v. Com. Fin. Services Assn., et al., httos://(www.supremecourt.gov/orders/courtorders/022723zor_6537.pdf
accessed
ion Bureau: Ripe for Reform,” icy, Committee on
ion Bureau Less s-and-finance/
ancial Protec
The Office of the Comptroller of the Currency (OCC), Federal Deposit Insuran and Nationa
ce Corporation, Federal Reserve,
Credit Union Administration. Those functions performed by the Office of Thrift Supervision (OTS)
prior to Dodd-Frank should be transferred to the OCC since OTS has merged with OCC.
See “Section 1071 of the Dodd-Frank Act” in David R. Burton, “Improving Sm Consumer Financial Protection Bureau Symposium on Section 1071 of the Do
all Business Access to Capital,” dd-Frank Act, Small Business
Lending Panel, November 6, 2019, https://files.consumerfinance.gov/f/docun statement_symposium-section-1071.pdf (accessed March 23, 2023).
nents/cfob_burton-written
5 U.S. Code Chapter 5, https://www.law.cornell.edu/uscode/text/5/part-I/chapter-5 (accessed March 23, 2023). Consumer Financial Protection Bureau, “Administrative Adjudication Proceedings,” https://www. consumerfinance.gov/administrative-adjudication-proceedings/ (accessed March 23, 2023), and 12 Code of
Federal Reg cfr/text/12/part-1081 (accessed
arch 23, 2023).