December 13, 2024
This is what happens when bureaucrats who have never run a business make rules for the rest of us
By Jack Hellner
The Consumer Financial Protection Bureau is a bureaucracy created out of thin air by socialist Elizabeth Warren. Democrats pretend the bureau is just there to protect consumers which is B.S. Their budget is not controlled by Congress or anyone. They are funded by the Federal Reserve, which is losing hundreds of billions per year. Most of what they do is protecting their own jobs, and they are very highly paid people. The bureau is just another layer of regulators to whom private businesses have to cater.
The average pay of a CFPB employee in 2023 was $134,723, which is over 70% higher than the median income of a family of four in the U.S. ($78,171), and higher than other government workers:
The average employee salary for the Consumer Financial Protection Bureau (CFPB) in 2023 was $134,723. This is 87.8 percent higher than the national average for government employees and 74.7 percent higher than other federal agencies. There are 1,637 employee records in 2023 for [the] Consumer Financial Protection Bureau (CFPB).
This does not even include their massive pensions and benefits packages. They get raises whether their employer is making money or not.
more
https://www.americanthinker.com/blog/2024/12/this_is_what_happens_when_bureaucrats_who_have_never_run_a_business_make_rules_for_the_rest_of_us.html
