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IFL President Andrew Langer Questions the CFPB at Field Hearing

Posted by: Unknown on Thursday, July 17, 2014 at 3:00:00 pm

 

CFPB Field Hearing Ignores Consumer Complaints
Institute for Liberty condemns consumer bureau’s ignoring of its own complaints

 EL PASO, TEXAS — JULY 17, 2014 – Today the Institute for Liberty’s President Andrew Langer at the CFPB Field Hearing for consumer complaints in El Paso, TX, released the following statement in response to the agency’s rogue policies, which are devastating consumers and obstructing America’s economic future:

 “The CFPB held a field hearing on an enhanced program for collecting consumer complaints against free-market industries, but continues to ignores and sometimes silence, complaints against its own activities. The CFPB has proven repeatedly that they are a rogue agency, interested only in political maneuvers and aggregating bureaucratic power, while they turn a blind eye to the consumer-stifling effects of their behavior. Instead of using consumers as pawns to promote their own political agenda, the CFPB should be listening to the multitudes of consumer voices that have been for months crying out against the agency’s abuses of power.

The CFPB’s own house is not in order. The agency has proved its own internal chaos by perpetuating a racist work environment, proposing extravagant budgets for a new agency building, and unconstitutionally collecting mass quantities of consumer financial data. The CFPB has even secretly payed audience members to attend filed hearings in order to fabricate an illusion of public support for the agency. 

The most egregious complaint against the Bureau is the existence of rampant racial discrimination at the Bureau. After being reported by a staff whistle blower, Director Cordray is alleged to have tried silence her testimony and Democrats on the Hill have tried to prevent Congressional hearings on the matter. The CFPB’s reckless catalogue of behavior must end immediately if America is to regain individual liberty and hope for economic prosperity for future generations. The CFPB must listen to the voices of consumers and end its attack on our freedom.”

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