Thursday, August 13, 2015

Despite Its Name, Wasteful New Agency Doesn't Protect Consumers

Despite Its Name, Wasteful New Agency Doesn't Protect Consumers:

When Congress creates a government agency called the Consumer Financial Protection Bureau, one would expect that a few consumers could actually receive protection. But that hasn't been the case with this agency's track record of mismanagement, inefficiency and waste. The CFPB has been operating for four years now, and if it were a sports team, its coach, Richard Cordray, would certainly be looking for work. The CFPB was created as part of the
via Investors.com



Are you surprised?  This is always how bureaucratic organizations work.