- Replace the director of the CFPB with a five-member committee;
- Make it easier for Congress to overrule and veto CFPB rules and regulations;
- Prevent the CFPB from exercising any newly mandated powers until the Senate confirms the putative director of the CFPB; and
- Curtail the ability of CFPB financial examiners from riding shotgun on banking examinations with other regulatory agency officials until the bureau is officially up and running.
Wise men and women have remarked that we never learn from history. When we look back over the continuing Great Recession that began in 2006-2007, what have we truly learned and observed? Not much. We have bailed out Wall Street and failed to adequately protect middle class and working class Americans. If this concerns you like it concerns me, get active and call your Congressional representative.