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Government out of control

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opinion Brainerd, 56401

Brainerd MN 506 James St. / PO Box 974 56401

Government out of control

Minnesota Bankers Association (MBA) staff attorney Craig Foss noted that during the 11-day period from Jan. 10 to Jan. 20, the new Consumer Financial Protection Bureau (CFPB) issued 3,266 pages of final and proposed regulations and guidance documents. What an absolutely shocking number.

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Every bank will be forced to deal with these new rules.

The CFPB is reported to have an average salary for their employees exceeding $100,000.

John Forrest

Brainerd Savings

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