Dodd-Frank insulates regulators from democratic accountability. The Consumer Financial Protection Bureau, a creature of Dodd-Frank, is not even funded by our elected representatives, but instead gets financed directly from the Federal Reserve. Translation: If the “middle class” ever decides that Congress should relieve it of the CFPB’s ministrations, they will be unable to exert any influence.
Read the full article by Mona Charen at WesternJournalism.com.