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Joined 1 year ago
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Cake day: July 11th, 2023

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  • That particular agency was created by law, has a mandate, and is not part of the administration. Its creation by Congress as part of a compromise on an SEC restructure and receives budget as a set percentage of it. It’s purpose is to look out for consumers getting ripped off, such as bank fees. I remember it because it is Elizabeth Warren’s brainchild during the Clinton years. She was supposed to run it, but Republicans didn’t like her. So, she ran for Congress, won a senate seat, and they really don’t like her now.