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Local 172 Annuity  Form

Local 172 Annuity Form

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uh this morning we welcome back Mr Richard cordr director of the cfpb for one of his two statutory semiannual appearances before our committee is an important appearance because by Design the cfpb is perhaps the single most powerful and least accountable Federal agency in all of Washington and demands rigorous oversight first let's speak of its power when it comes to our credit card loans our auto loans and mortgages of hardworking taxpayers the cfpb has unbridled discretionary power not only to make them less available and more expensive but to absolutely take them away this is not the rule of law it is the rule of rulers and the rulers are unaccountable the bureau is fundamentally unaccountable to the president since the director can only be removed for cause fundamentally unaccountable to Congress because the bureau's funding is not subject to Appropriations fundamentally unaccountable to the courts because Dodd Frank requires courts to Grant the cfpb deference regar

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