Sen. Lee: Obama’s Consumer Bureau Set Up in Manner ‘Reserved For Despots’

Eric Scheiner

Testifying before the House Committee on Oversight and Government Reform on Tuesday, Sen. Mike Lee (R-Utah) said that the new Consumer Financial Protection Bureau, which is funded directly by the Federal Reserve with no congressional oversight and to which President Barack Obama appointed a director without seeking the Senate confirmation required by the U.S. Constitution, represents the sort of unaccountable system of government “historically reserved for despots.”


…The committee met Wednesday to examine the legal and policy implications of President Obama’s recess appointments to the CFPB and the National Labor Relations Board…

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