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Chopra Fired
- Thread starter gregb
- Start date
George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
Now whichever fee appraisers were feeding Chopra with their canned comments about TAF and licensing and such are going to start over from scratch. Tough break.
glenn walker
Elite Member
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- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
Zoe thought Chopra was going to eliminate AMCs..Separate fees and make all fee aporsusers Federal Employees and save the independent fee appraisers. Maybe he got a heads up as I haven't seen any posts recently. This was also a Blow to the Woke Elisabeth Sanders as she thought he walked on water.
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
Flags at half mast in Memphis today with mini markets closing at noon.
shrubberyvaluation
Elite Member
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- May 2, 2012
- Professional Status
- Appraiser Trainee
- State
- Maryland
Based on what evidence? Is Elisabeth Sanders a combination if Elizabeth Warren and Bernie Sanders?
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
Elisabeth Sanders and Bernie were both big supporters of Chopra.
shrubberyvaluation
Elite Member
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- May 2, 2012
- Professional Status
- Appraiser Trainee
- State
- Maryland
He probably wasn't that great then.
glenn walker
Elite Member
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- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
Elliott
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- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
WSJ 2/1/25:
Opinion by:
"Mr. Scott is an emeritus professor at Harvard Law School and director of the Committee on Capital Markets Regulation.
"President Trump’s decision on Saturday to fire Rohit Chopra as director of the Consumer Financial Protection Bureau is welcome if slightly belated. Since Mr. Trump’s election, Mr. Chopra has been on an antimarket rampage, seeking to tie the new president’s hands by proposing or finalizing 10 new regulations, among them rules limiting bank overdraft fees and restrictions on terms bank can impose on the financing of green energy purchases.
In fiscal 2025 the CFPB will cost taxpayers an unnecessary $1 billion. These funds are being spent on antimarket enforcement actions and regulations that actually harm consumers. And the CFPB is performing a function that could be done more efficiently by other agencies.
Mr. Trump should go a step further and shut the CFPB down. As I pointed out in these pages in May, the bureau is operating illegally. Congress mandated that it be funded by the earnings of the Federal Reserve, but there have been no earnings since the Fed began incurring losses in September 2022 due to rising interest rates.
These losses currently total $219.6 billion. The CFPB’s defense, in 13 pending enforcement cases where defendants have raised the illegality of funding, is that “earnings” really means revenue, an absurd claim under accounting standards. It is telling that the Fed, the source of illegal funding, has been silent on the issue.
Since the bureau is operating illegally, the president can close it immediately by executive order. The order should declare that all work at the CFPB will stop, that all rules enacted since funding became illegal in September 2022 are void, and that no remaining rules will be enforced. "
......................
Some have said that about TAF too..
Opinion by:
"Mr. Scott is an emeritus professor at Harvard Law School and director of the Committee on Capital Markets Regulation.
"President Trump’s decision on Saturday to fire Rohit Chopra as director of the Consumer Financial Protection Bureau is welcome if slightly belated. Since Mr. Trump’s election, Mr. Chopra has been on an antimarket rampage, seeking to tie the new president’s hands by proposing or finalizing 10 new regulations, among them rules limiting bank overdraft fees and restrictions on terms bank can impose on the financing of green energy purchases.
In fiscal 2025 the CFPB will cost taxpayers an unnecessary $1 billion. These funds are being spent on antimarket enforcement actions and regulations that actually harm consumers. And the CFPB is performing a function that could be done more efficiently by other agencies.
Mr. Trump should go a step further and shut the CFPB down. As I pointed out in these pages in May, the bureau is operating illegally. Congress mandated that it be funded by the earnings of the Federal Reserve, but there have been no earnings since the Fed began incurring losses in September 2022 due to rising interest rates.
These losses currently total $219.6 billion. The CFPB’s defense, in 13 pending enforcement cases where defendants have raised the illegality of funding, is that “earnings” really means revenue, an absurd claim under accounting standards. It is telling that the Fed, the source of illegal funding, has been silent on the issue.
Since the bureau is operating illegally, the president can close it immediately by executive order. The order should declare that all work at the CFPB will stop, that all rules enacted since funding became illegal in September 2022 are void, and that no remaining rules will be enforced. "
......................
Some have said that about TAF too..
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
The CFPB was Elizabeth Warrens Baby she helped create after the mortgage meltdown. The problem is its it's a massive bueracrats dream but really has not done much good. If they can just shut it down and save billions. It overlaps so many agencies that already did its job. As for appraisers it does nothing positive for them.