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Comment by slt2021 | Hacker News Reader

slt2021·

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> CFPB is simply not delivering on its purpose, but wasting $700 milly per year just for some bureacrats to sit on their asses and do nothing

In Europe, we call that an unemployment mitigation programme. Well, we don't call it that, but that's what it is.

US taxpayers feel very sick from learning about all these taxpayer funded cushy jobs for DC lawyers and clerks and aides who just push paper and get fat paycheck without any accountability, while the private industry deals with layoffs, performance improvements, at-will employment, and general uncertainty

> CFPB is simply not delivering on its purpose

You can only throw such statement into the world if you would know what it would look like without the CFPB.

hello, the world without CFPB exists outside the USA borders.

People outside America also use banks and loans and credit cards

Why are you assuming that all countries don't have a CFPB equivalent? Do they also not have parliaments that make laws since they do not have a US Congress?

Germany doesnt have CFPB, so what? Nothing bad happened to Germans

Germany has BaFin (https://en.wikipedia.org/wiki/Federal_Financial_Supervisory_...), a federal agency that does the same thing. You missed my point entirely.

OK, but if you think that's the problem, then ordering them to not perform any work doesn't look like any kind of a solution.

https://www.consumerfinance.gov/ask-cfpb/what-laws-does-the-...

These all look like important things to enforce?

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