Tags: Democrats 2016 | Financial Markets | Hillary Clinton | Money | free beacon | cfpb | donations

Free Beacon: Employees at CFPD Donated $50K – All to Democrats

Image: Free Beacon: Employees at CFPD Donated $50K – All to Democrats

Consumer Financial Protection Bureau Director Richard Cordray speaks during a panel discussion in Richmond, Virginia on March 26, 2015. (AP Photo/Steve Helber, File)

By    |   Wednesday, 23 Nov 2016 10:34 AM

Employees at the Consumer Financial Protection Bureau donated nearly $50,000 during the presidential campaign, all to Democratic presidential candidates Hillary Clinton or Sen. Bernie Sanders, I-Vt., according to The Washington Free Beacon.

Rep. Sean Duffy, R-Wisc., criticized the agency, saying the "CFPB employees fell over each other to give money to Hillary because she supported CFPB's desire to remain in the shadows and unaccountable to the American people.

"No one is shocked that Washington bureaucrats would donate to the candidate who promised to maintain and expand onerous Dodd-Frank regulations that crush our community banks and local credit unions," Duffy added, the Free Beacon reported.

The Peace Corps and the National Transportation Safety Board's workers also sent every political contribution to Democrats or the party's allies, the Free Beacon noted.

"Peace Corps is a nonpolitical federal agency," a Peace Corps spokesman said in a statement, per the Free Beacon. "Like all federal employees, Peace Corps employees must adhere to restrictions on political engagement established by the Hatch Act, which does not prohibit political contributions made on personal time."

The Dodd-Frank Wall Street Reform and Consumer Protection Act formed the agency, and Sen. Elizabeth Warren, D-Mass., oversaw its creation, the Free Beacon reported.

According to Marketplace, the CFPB has been a target of Republicans, because it puts regulations on banks that pass those costs to consumers.

The agency was created in 2010 to defend borrowers because "consumers were not being protected at all," said Rep. Maxine Waters, D-Calif., Marketplace reported.

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Employees at the Consumer Financial Protection Bureau donated nearly $50,000 during the presidential campaign, all to Democratic presidential candidates Hillary Clinton or Sen. Bernie Sanders, I-Vt., according to The Washington Free Beacon.
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Wednesday, 23 Nov 2016 10:34 AM
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