OPINION: The CFBP is out of control

(July 8, 2015) -- Worthy of note is the fact the CFPB was specifically prohibited from gathering this type of data in Section 1022 of the Dodd-Frank Act. Cordray defended the agency's practices by stating, “We need this data to decide what to prohibit.” When did the right to declare something illegal slip from the hands of lawmakers to a government agency?