I have been reading about the CFPB coming under attacks as being unconstitutional. If it is found to be unconstitutional, we are concerned about everything it has done all these years, such as whether we are going to still be required to follow all its rules and regulations.
It seems to me the politicians who created the CFPB should have thought of its constitutionality before setting it up in the first place. We send them to Congress, they create the CFPB, and then it is found to be unconstitutional years later. I think that could affect the whole shebang of policies my company put in place for years at a huge expense.
I'm no lawyer but most of these Congress critters are lawyers. They should know how to write a constitutional law.
I am frustrated. I am concerned about CFPB enforcement, too. Especially at this time, I do not have the money to reset our policies to pre-CFPB conditions if the CFPB's authority is destroyed.
I have read your articles for years. I know you can explain what is going on.
What are the implications of the CFPB being considered unconstitutional?
