Saturday, July 07, 2012

Consumer Financial Political Bureau

The Wall Street Journal reports:
Is the Consumer Financial Protection Bureau a nonpartisan, independent regulatory agency or a tool of the Obama administration? A cursory glance at the agency's agenda—from bank inspections that emphasize legally questionable interpretations of nondiscrimination statutes to the release of unverified customer complaints against credit-card companies—suggests the latter, especially when the president is gearing up to campaign for re-election on an anticapitalist platform. Voters deserve to know the full story.
You'll want to read the story.