Watchdog Group Slams CFPB for Having a Socialist Party Leader on Influential Advisory Board
WASHINGTON, D.C.— Institute for Liberty President Andrew Langer released the following statement today slamming the Consumer Financial Protection Bureau (CFPB) after The Washington Times revealed that the former vice presidential candidate of the Socialist Party of the United States is on one of its critical advisory boards.
“Every American should be disturbed about today’s revelation that the former vice presidential candidate of the Socialist Party of the United States has been given an influential role as a senior advisor to the Consumer Financial Protection Bureau. This speaks volumes about the true motives and objectives of an agency which has already come under fire for trying to limit free speech, collecting personal data on consumers, and using taxpayer money to plant supporters in front of the media to surreptitiously promote pro-CFPB propaganda. The Bureau, which operates without Congressional oversight and largely in secret, is apparently becoming a den of leftist political operatives and advisors whose objective is to interfere with the free market and our Constitutional freedoms.
Fundamentally, the philosophical perspective of socialism should be nowhere near any agency that has massive regulatory authority over the financial services industry, other businesses and massive segments of our economy. The idea that someone who does not believe in market economics would play any kind of a role in advising an Agency that is part of the Federal Reserve, demonstrates that the CFPB is America’s most dangerous, out-of-control and unaccountable federal agency. Congressional action must be taken now to rein in this agency and expose its agenda.”
IFL is an aggressive defender of the rights of individuals to pursue the American dream. They inject the perspective of small businesses, and the working families that depend on them, into the public policy debate. For more, please visit: www.instituteforliberty.org.