Share:

Urge President Trump to fire Richard Cordray from the unconstitutional Consumer Financial Protection Bureau!

The Consumer Financial Protection Bureau (CFPB) is an unaccountable, extraconstitutional agency created in the 2010 Dodd-Frank financial legislation that needs to be reined in and firing Richard Cordray, the agency's head, is the first step.

Every year, the CFPB is unconstitutionally funded with about $490 million from the Federal Reserve. That is, without any votes in Congress, an agency inside the Fed with vast rulemaking powers into the nation’s economy is self-funding — with money from a printing press. The CFPB’s only oversight requirement is to appear and report twice annually before the House Financial Services and Senate Banking committees. 

The CFPB is run by a single director, who does not report to the President and who the Obama-Pelosi-Reid Congress attempted to insulate from accountability can only be removed for “good cause.” Fortunately, a federal appeals court found this structure to be unconstitutional, calling the unelected CFPB director “the single most powerful official in Washington,” aside from the duly elected President and allowing the President to now remove him for any reason like other political appointments.

Corday himself was appointed in an unconstitutional manner, an Obama recess appointment in 2012 — when Congress was not even in a recess.

On top of it all, the CFPB is not even looking out for consumers. This year, it has issued a new regulation prohibiting consumers from agreeing to use arbitration (waiving their ability to join class-action lawsuits) to remedy any disputes they have with banks or credit card companies. Who do they think they are?

You know what to do! Let's urge President Donald Trump to use his constitutional powers as the head of the executive branch to fire Cordray and rein in the CFPB once and for all. No agency of the government should be this powerful and unaccountable.


Your Contact Information

Dear President Trump:

The Consumer Financial Protection Bureau (CFPB) is an unaccountable, extraconstitutional agency created in the 2010 Dodd-Frank financial legislation that needs to be reined in and firing Richard Cordray, the agency's head, is the first step.

Every year, the CFPB is unconstitutionally funded with about $490 million from the Federal Reserve. That is, without any votes in Congress, an agency inside the Fed with vast rulemaking powers into the nation’s economy is self-funding — with money from a printing press. The CFPB’s only oversight requirement is to appear and report twice annually before the House Financial Services and Senate Banking committees.

The CFPB is run by a single director, who does not report to the President and who the Obama-Pelosi-Reid Congress attempted to insulate from accountability can only be removed for “good cause.” Fortunately, a federal appeals court found this structure to be unconstitutional, calling the unelected CFPB director “the single most powerful official in Washington,” aside from the duly elected President and allowing the President to now remove him for any reason like other political appointments.

Corday himself was appointed in an unconstitutional manner, an Obama recess appointment in 2012 — when Congress was not even in a recess.

President Donald Trump must use his constitutional powers as the head of the executive branch to fire Cordray and rein in the CFPB once and for all. No agency of the government should be this powerful and unaccountable.

Sincerely, YOUR NAME AND ADDRESS

Public Comments

Public Comments (4)
Jan 16th, 2018
Someone from San Francisco, CA writes:
Quotation mark icon
Jan 16th, 2018
flfjcfiv t. from San Francisco, CA writes:
Quotation mark icon
Sep 23rd, 2017
Francis C. from Camarillo, CA signed.
Aug 14th, 2017
ptjzmoFPtDLfUp i. from Dandridge, TN writes:
Quotation mark icon
comment1, https://storify.com/toticdiasing/bajaj-led-ceiling-lights bajaj_led_ceiling_lights, yrd, https://storify.com/dioremale/dragon-ball-z-vs-naruto-shippuden-mugen-download dragon_ball_z_vs_naruto_shippuden_mugen_download, 55629, https://storify.com/rantbutvolag/shablony-visio-dlya-elektricheskih-shem shablony_visio_dlia_elektricheskikh_skhem, =[[, https://storify.com/gistrapora/pikachu-igra-skachat-dlya-kompyutera pikachu_igra_skachat_dlia_kompiutera, mcdg, https://storify.com/terhimarqui/the-innocent-david-baldacci-free-pdf the_innocent_david_baldacci_free_pdf, :P, https://storify.com/bumbprivnacbu/chastnaya-gistologiya-bykov-skachat chastnaia_gistologiia_bykov_skachat, qku, https://storify.com/viazamata/band-odessa-kto-eto band_odessa_kto_eto, :-(, https://storify.com/worlchenpasinf/ti-vs-tip-deluxe-edition-download ti_vs_tip_deluxe_edition_download, >:-P, https://storify.com/adeaspome/darksiders-2-deathinitive-edition-update-1 darksiders_2_deathinitive_edition_update_1, tteo, https://storify.com/wangstanandi/zvuk-rabotayushchego-mrt zvuk_rabotaiushchego_mrt, qyp, https://storify.com/betsolame/sonic-r-download-windows-10 sonic_r_download_windows_10, %PPP, https://storify.com/nonszennalar/chori-chori-chupke-chupke-instrumental-song-downlo chori_chori_chupke_chupke_instrumental_song_download, 30228, https://storify.com/apeasurul/download-pcsx2-11-0-full-bios-plugins download_pcsx2_11_0_full_bios_plugins, 323781, https://storify.com/srichexanat/anzhelika-nachesova-artur-halatov-shansov-nol anzhelika_nachesova_artur_khalatov_shansov_nol, =-D, https://storify.com/traplanbulab/99-luts-color-grading-pack 99_luts_color_grading_pack, 6960, https://storify.com/opussetrigh/koty-voiteli-manga-krutobok-pribezhishche-voitelya koty_voiteli_manga_krutobok_pribezhishche_voitelia_chitat, mchxb, https://storify.com/suitriceten/notezilla-full-version notezilla_full_version, bqh, https://storify.com/telatenlay/acc77-82xml-skachat acc77_82xml_skachat, 8-)), https://storify.com/worlchenpasinf/tekst-na-polskom-moya-semya tekst_na_polskom_moia_semia, evpyn, https://storify.com/arpesloyre/bakit-ba-ganyan-dina-bonnevie-free-mp3-download bakit_ba_ganyan_dina_bonnevie_free_mp3_download, saess, https://storify.com/dvortetakus/riverbed-tutorial-pdf riverbed_tutorial_pdf, wnyo, https://storify.com/handpresesris/minecraft-zootopia-texture-pack minecraft_zootopia_texture_pack, 8OOO, https://storify.com/herriareness/a-tornova-anatomiya-zhiznennoy-sily a_tornova_anatomiia_zhiznennoi_sily, yvftqa, https://storify.com/lyripgago/kak-vyzvat-demona-bez-zhertvoprinosheniya kak_vyzvat_demona_bez_zhertvoprinosheniia, 929373, https://storify.com/disfdogera/viber-smart-tv viber_smart_tv, %-))), https://storify.com/nvolhomilar/pokemon-lost-silver-download-coolrom pokemon_lost_silver_download_coolrom, >:OOO, https://storify.com/listbilsioho/simulyator-ryby-ubiycy-igrat simuliator_ryby_ubiitsy_igrat, :-)), https://storify.com/opussetrigh/raspisanie-22-avtobusa-kansk raspisanie_22_avtobusa_kansk, >:-O, https://storify.com/weeksyhulwhi/kamenskaya-3-sezon-skachat-torrentom kamenskaia_3_sezon_skachat_torrentom, 94331, https://storify.com/adenschelus/lupus-nephritis-treatment-guidelines lupus_nephritis_treatment_guidelines, tcpfv, https://storify.com/rihiparge/proshivka-jiayu-g4s proshivka_jiayu_g4s, %[[[, https://storify.com/ceaticocli/schlumberger-petrel-system-requirements schlumberger_petrel_system_requirements, 8046, https://storify.com/ucliosleepag/skachat-igru-sven-na-android skachat_igru_sven_na_android, wsxdcv, https://storify.com/herriareness/autodesk-revit-2013-crack autodesk_revit_2013_crack, %-OO, https://storify.com/terhimarqui/clickbook-rutracker clickbook_rutracker, 299044, https://storify.com/undasunla/smeta-ip-videonablyudenie smeta_ip_videonabliudenie, :-(((, https://storify.com/furawentwon/telefonnaya-baza-erevana telefonnaia_baza_erevana, 23074, https://storify.com/biomiequatho/lumenrt-2015-free-download lumenrt_2015_free_download, 96507, https://storify.com/hopsamapa/investicii-v-nedvizhimost-kniga-skachat investitsii_v_nedvizhimost_kniga_skachat, 955, https://storify.com/elprofenfe/download-kindle-books-free-illegally download_kindle_books_free_illegally, 34343, https://storify.com/furawentwon/karty-mafii-koty karty_mafii_koty, tpi, https://storify.com/kithernpoke/pechat-zakata-skachat pechat_zakata_skachat, :-((, https://storify.com/budirese/hp-storeever-tape-drivers hp_storeever_tape_drivers, envnl, https://storify.com/giosumformwo/gardel-zapah-zhenshchiny gardel_zapakh_zhenshchiny, 8-[, https://storify.com/crusworlmotboi/free-download-nuance-pdf-converter-professional-8- free_download_nuance_pdf_converter_professional_8_full_version, 406, https://storify.com/elprofenfe/den-kennedi-zhestkie-prodazhi-kupit den_kennedi_zhestkie_prodazhi_kupit, =[[[, https://storify.com/traplanbulab/download-my-little-pony-season-6 download_my_little_pony_season_6, 3762,

©2017 Americans for Limited Government. All rights reserved. Privacy Policy