Latest reports have shown that the CFPB has actually been into a very deep web of corruption and all sorts of illegal activities. There has been reported a number of illegal activities from using secret ledgers to force penalties to launder money into leftist organizations.
As according to the law, the CFPB led by Mulvaney functions independently of the Government, therefore, there was never issued a full report of their financial activities which naturally opens the gate for them to launder tons of money into their pockets.
Via the New York Post:
“Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says. […]
Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.”
This kind of reports that CFPB has fishy connections is not a new thing, this has been here since always.
“The CFPB awarded GMMB, the Obama-Hillary ad firm, a $14.7 million contract for “agency media and resource communication,” in June of 2017 and a $16 million payday to marketing materials about student loans and mortgages.”
“Most likely President Trump will not appoint a replacement until Mulvaney has exposed the corruption within it. That sunlight is toxic to Elizabeth Warren and can potentially be politically destructive to the Democrats,” stated Sundance in 2017.
Wow! This says everything about their crooked, corrupted politics.