Left-Wing Groups Shape Dodd Frank

“That these anti-capitalist agendas are influencing the CFPB is especially troubling, because the CFPB lacks any form of accountability to American voters through Congress,” John Berlau, senior fellow for finance and access to capital at the Competitive Enterprise Institute, told the Washington Free Beacon in an email.

“Unlike most agencies of its size and scope, the CFPB does not get its funding from Congress,” Berlau said. “It is instead funded by the Federal Reserve, an entity with its own problem of lack of transparency and accountability.”