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Author Topic: "Lawmakers seek answers in CFPB ‘revolving door’ scheme"  (Read 1186 times)
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WhiskeyGirl
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« on: August 03, 2013, 03:10:48 PM »

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Republican lawmakers are investigating whether a senior federal official used knowledge of mortgage rules he helped create to profit through a consulting firm he founded only two months after resigning from his old position.

A recent letter from the House Oversight and Financial Services Committees urged the Consumer Financial Protection Bureau to provide documents detailing the communications between its former deputy director Raj Date and the bureau since Date founded his new firm in March 2013.

“It appears that former CFPB employees are now offering financial products in a market sector created by the very rules they were in a position to influence while working in senior leadership positions at the CFPB,” the letter reads.

 

Read more: http://dailycaller.com/2013/08/02/lawmakers-seek-answers-in-cfpb-revolving-door-scheme/#ixzz2aw24zDYy

Wouldn't it be great to make rules so complicated only a trained monkey could navigate them?

Then, leave and get paid to help the less fortunate with those same rules?

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