'The recent security breach at the Consumer Financial Protection Bureau shows the problems with the administrative state, but the threat that the CFPB and similar bureaucracies pose to consumers runs much deeper.' -Duggan Foley
Article I, Section 9 of the U.S. Constitution demands that Congress approve all appropriations through law. The Consumer Financial Protection Bureau must not have gotten the memo, as the government agency’s structure allows it to demand a 12% increase in funding—a request that the Federal Reserve can’t deny, and Congress can’t adjust.Regardless of an unconstitutional appropriations process, the Consumer Financial Protection Bureau clearly can’t do its job.
Although administrative law offers the pseudo-legislative functions of comment and rule-making, this is an insufficient substitute for the intended purposes of republican government: representative, consent-based rule by the people.
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