The Secret Financing Behind Dodd-Frank
The newly-created Consumer Financial Protection Bureau (CFPB) writes and enforces the regulations of the Dodd-Frank Act. What virtually no one knows is that the CFPB is financed by the banking industry. And of course the banks want to outlaw “seller financing” and force everyone to get a conventional loan (from them). See http://www.consumerfinance.gov/budget/ under “Funding Requests.” …