CFPB Reportedly Funneled Billions Into "Secret Democrat Slush Fund"

[Swordsmyth]

A consultant who worked with the highly politicized Consumer Financial Protection Bureau (CFPB) claims the organization funneled a large portion of over $5 billion in collected penalties to "community organizers aligned with Democrats" as part of a giant slush fund, the Post (http://archive.is/M0tRE) reports.

[The CFPB] Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.





More at: http://www.zerohedge.com/news/2017-12-06/cfpb-reportedly-funneled-billions-secret-democrat-slush-fund-consultant-claims

[AZJoe]

From the article:

[The CFPB] Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” …

Aside from the $5 billion "slush fund" detailed in the Post (http://archive.is/M0tRE#selection-1201.177-1201.241), the CFPB has also engaged in the following:


Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure …
Met behind closed doors to craft financial regulatory policy with notorious bank shakedown groups who have taken hundreds of thousands of dollars in federal grant money to gin up housing and lending discrimination complaints, which in turn are fed back to CFPB …

the CFPB secretly assembled several massive consumer databases which raise privacy and corporate liability concerns. "One sweeps up personal credit card information and another compiles data on as many as 230 million mortgage applicants …

[Occam's Banana]

It's enough to make one pine for the good ol' days of Boss Tweed and Tammany Hall. At least the graft was "honest" back then ...