CFPB to Hold Consumer Advisory Board Meeting
The Consumer Financial Protection Bureau ("CFPB") will meet on February 25, 2016 to discuss its strategic outlook and "Financial Well-Being."
Commentary
It seems odd for a regulatory agency to speak of its own "financial well-being" as if it were a person. The notion that the CFPB maintains its "financial well-being" without being dependent on funding from Congress is difficult to reconcile given the division of authority under the Constitution. If the CFPB can maintain not only its financial well-being but also its financial independence without any input from Congress, then why can't other Federal Agencies do the same?