Tags: Donald Trump | Newt Gingrich | Trump Administration | newt gingrich | abolish | cfpb | consumer financial protection bureau

Newt: Trump Has Reined in, Should Now Abolish CFPB

Newt: Trump Has Reined in, Should Now Abolish CFPB
Former House Speaker Newt Gingrich (April Greer/Getty Images)

By    |   Thursday, 30 November 2017 03:47 PM

Now that President Donald Trump has reined in the Consumer Financial Protection Bureau, "one of the deepest bogs in the swamp," he should move forward with closing its doors, Newt Gingrich wrote in a column for Fox News.

The CFPB was a glaring example of government run amok in Washington, created by the Dodd-Frank Act of 2010 that enabled it to "do whatever it wants — without fear of losing its funding or its leadership," Gingrich wrote.

"The CFPB is the perfect example of an out-of-control, wholly unaccountable, politically motivated bureaucracy. It is one of the deepest bogs in the swamp," Gingrich wrote.

Not anymore. Not on this president's watch.

By installing Mick Mulvaney as the agency's director, part of the executive powers afforded him, Trump should take it a step further and get rid of another level of bureaucracy established under the former president, Gingrich wrote.

"Congress and the President should now work to abolish the CFPB as soon as possible, or at the very least, bring this rogue agency back under the rule of law," Gingrich concluded.

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Newt Gingrich wrote in a column for Fox News that President Donald Trump should shut down the Consumer Financial Protection Bureau, "one of the deepest bogs in the swamp."
newt gingrich, abolish, cfpb, consumer financial protection bureau
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2017-47-30
Thursday, 30 November 2017 03:47 PM
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