The Consumer Financial Protection Bureau (CFPB) is yet another exceedingly awful DC creation.

The CFPB was the awful DC creation of another awful DC creation – the 2010 Dodd-Frank law.  Which DC extruded allegedly in the name of reining in “Too Big To Fail” banks after the 2008 housing crash and crisis.

Only Dodd-Frank did exactly the opposite of that.

How Dodd-Frank Kills Small Banks and Chokes the Banking System

Killing Off Community Banks: Intended Consequence of Dodd-Frank?:

“The banks deemed too big are more than 30% bigger than before the Act was passed in 2010, and 80% bigger than before the banking crisis of 2008….

“Meanwhile, their smaller competitors are struggling to survive. Community banks and credit unions are disappearing at the rate of one a day. Access to local banking services is disappearing along with them.”

All of which has made it exceedingly difficult for The Little People to do anything having to do with banks: (more…)