• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Consumer Financial Protection Bureau

    Tales of the Red Tape #35: Reams of Simplicity from CFPB

    The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: … More

    Morning Bell: Dodd-Frank Financial Regulations Strangling Economy

    Has your bank raised its fees or stopped offering free checking accounts in the last couple of years? If so, you can thank the regulatory boondoggle that is the Dodd-Frank financial law. Since its passage two years ago tomorrow, the number of large banks that offer free checking has declined … More

    Morning Bell: Harry Reid Opts for Political Theater on Judicial Nominees

    Majority Leader Harry Reid (D-NV) has rightfully earned the reputation of running a do-nothing Senate. More than 1,000 days have elapsed since the upper chamber approved a budget. He’s currently ignoring the House-passed JOBS Act and actively opposing steps to lower gas prices. Now, in a blatant political stunt, Reid is … More

    VIDEO: Obama 'Manifestly Wrong' on U.S. Constitution, Says Sen. Mike Lee

    Few lawmakers have expressed as much outrage over President Obama’s unconstitutional “recess” appointments as Sen. Mike Lee (R-UT). He was among the first to warn about the consequences of the president’s unilateral action on Jan. 4. More than a month later, a new director is running the Consumer Financial Protection … More

    House Committee Examines Obama's Unconstitutional Appointments

    President Obama’s illegal non-recess appointments are unconstitutional and defy the process the Founding Fathers intended, Sen. Mike Lee (R-UT) told a House committee Wednesday. The House Oversight and Government Reform Committee invited a handful of constitutional law experts to discuss the four controversial appointments Obama made in January. Citing delays … More

    Two House Hearings Scheduled on Illegal Non-Recess Appointments

    Two House committees have scheduled hearings on President Obama’s unconstitutional appointments of four federal officials earlier this month. On Tuesday, the financial services panel of the Oversight and Government Reform Committee will examine the role that Richard Cordray will play at the helm of the newly created Consumer Financial Protection … More

    Online Chat on Obama's Appointments

    Obama made a big splash last week when he appointed a new head of the Consumer Financial Protection Bureau (CFPB) and three appointments to the National Labor Relations Board without confirmation of the Senate even though they were technically in session. These appointments were an abuse of presidential power. Click … More

    Grassley Not Buying DOJ's Non-Recess Appointment Apologia

    Calling the president’s illegal non-recess appointments “an escalation in a pattern of contempt for the elected representatives of the American people,” Sen. Chuck Grassley (R-IA), ranking Republican on the Judiciary Committee, dismissed a Justice Department memo on Thursday that sought to lend retroactive constitutional weight to the president’s move. Grassley … More

    Whitewash on Illegal Appointments Won't Work

    The Obama Administration’s 23-page Office of Legal Counsel (OLC) opinion rationalizing illegal appointments the President made last week, released this morning, falls far short of its intended goal. The opinion makes claims that are demonstrably false and is at times, frankly, embarrassing. Apart from failing to prove that President Obama’s … More

    Morning Bell: Obama's Arrogant Authoritarianism

    Last week, President Barack Obama took the latest step on his road toward an arrogant, new authoritarianism with four illegal appointments that entirely trampled on the Constitution’s requirements. More troubling still, the President chose to shred the Constitution all in the name of serving his Big Labor agenda while killing … More