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CFPB still too powerful? Blame Wells Fargo

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Mortgage Professional America | 16 Sep 2016, 08:15 AM Agree 0
Two top industry experts say that the recent Wells Fargo scandal has effectively killed any hope that the CFPB will be reined in
  • | | 16 Sep 2016, 12:16 PM Agree 0
    No blame the DEMOCRATS AND OBAMA FOR THIS POWERFUL MACHINE they opened the CFPB under the Dodd Frank act. Only one man runs the CFPB , Richard Cordray. The CFPB can write new laws with out the house , senate , or the presidents signature which this has never been in our history until Dodd , Frank came along . This is true read about it. The republicans want at least 6 judges to approve new laws not this one person Cordray who now runs the banking and finance businesses in our country ONE PERSON. This is not capitalism which our country was built. Obama promised change which is now in some areas socialism and communism. Clinton wants to make the CFPB more powerful , Trump wants to dismantle the CFPB. Now you figure out who's the more of the evil one. All of this is true read about it. Wells Fargo would have been stopped and fined with out the CFPB , who likes to audit and destroy businesses. TRID was put into law by the CFPB and more laws will come. The CFPB wants to shut down pay day lending stores what right do they have to shut it down . We the people should shut it done not Richard Cordray. If we the people do not like pay day lending stores then don't go there and take out a mortgage. We do not need Richard Cordray and his CFPB army telling us what businesses are good and what are bad. WE THE PEOPLE SHOULD AND MUST MAKE THESE DECISIONS NOT ONE MAN. The CFPB must be STOPPED. Vote Trump he will stop it
  • Bob | | 12 Oct 2016, 06:27 PM Agree 0
    The CFPB is a joke just aske borrowers trying to get financing for a home I am in the mortgage banking field and let me tell you the borrowers are ripping mad , what we put them through is madness
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