Pres. Trump attacks CFPB
Consumer Financial Protection Bureau has returned billions to consumers
WASHINGTON (Gray DC) - The latest government employee targets of the Trump istration are suing the istration. The Consumer Financial Protection Bureau was ordered to stop working over the weekend.
The Consumer Protection Bureau building is now closed, but that didn’t stop workers from coming here to protest the Trump istration for freezing the agency.
Their union argues shutting CFPB down is beyond the scope of Trump’s powers.
“Let us work! Let us work!” chanted workers outside the building just a few blocks from the White House.
Protesters say Elon Musk’s efforts to cut down the federal government are unconstitutional.
“Who are we? CFPB. What do we do? We fight for you.”
Senator Elizabeth Warren (D-Mass.) came up with the idea for the Consumer Financial Protection Bureau. It was implemented after the mortgage scandal and financial crisis in 2008 to police predatory lending and banking practices.
Sen. Elizabeth Warren addressed the crowd, “CFPB is the cop on the beat, and that cop is the one that caught the crooks.”
Friday, Elon Musk tweeted “RIP CFPB.” The agency building was then closed. Workers were instructed to stop and now the agency website is down.
Earlier this month, Trump fired Warren ally Rohit Chopra who had been leading the agency.
Lisa Gilbert is with the consumer and voter advocacy group, Public Citizen, “Employees, they have been told to go home. So the CFPB is shuttered. This week. And then this morning they were told not to do any work from home.”
The White House says the bureau is a Democratic slush fund – issuing a statement saying the CFPB regulates Main Street as opposed to Wall Street. The statement continues that the agency acts as a woke and weaponized arm of bureaucracy.
A lawsuit filed by the National Treasury Employees Union argues the constitution explicitly gives Congress the power to allocate funds. And because the CFPB was created by Congress – Donald Trump does not have the authority to shut it down.
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