What is the CFPB really costing the American consumer?
What is the CFPB really costing American consumers? Three reports have recently been released from the U.S. Government Accountability Office (GAO), the U.S. Senate Committee on Banking, Housing, & Urban Affairs, and The White House Council of Economic Advisors. These reports had dueling narratives about what the impact and cost of the CFPB has been on the American consumer. The report from GAO has multiple charts outlining actions and events that have occurred at the CFPB over the last year. The Senate report tries to make the case that the CFPB has returned upwards of $30+ billion to…
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