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October 10, 2012



Wow. Back and forth with some good questions to be answered.
I also found interesting (scary - interesting) from Mr. Shelby's opening remarks (time 26:30 - 30:20), the fact that CFPB does not have to turn over funds from penalties imposed to the Treasury. What?? There is No oversight . . . AT ALL.

Steve Van Beek

Interesting indeed. Dodd-Frank definitely created a unique agency when it established the CFPB. It looks like everyone - including Congress - is still learning the details relating to the CFPB's operations.

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