"Consumer Financial Protection Bureau" Opens Doors; 'Coordinates' With States

Update on: NWO Financial Takeover Of America Update 9-17-10 " Elizabeth Warren... new consumer protection agency...The new agency will have the power to write rules that govern financial services and products such as mortgages and credit cards. The bureau will be a separate unit within the Federal Reserve, funded by the central bank. Instead of a host of consumer programs being spread across numerous agencies, as with the Fed, the Federal Deposit Insurance Corp. and the Federal Trade Commission, the new agency will consolidate them all under one roof. [see post]
CFPB Signs Cooperation Agreement with States

The memorandum of understanding marks the first formal coordination effort between states and the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau signed a memorandum of understanding on Tuesday with state banking regulators to coordinate supervision and implementation of consumer protection rules.
"Starting today we will work together to promote consistent examination procedures of institutions to make sure effective enforcement of state and federal consumer laws, to minimize regulatory burden and to efficiently deploy regulatory resources," said Elizabeth Warren, assistant to the president and special advisor to the secretary of the Treasury.
"We've all been confronted recently with ample evidence of haphazard and possibly illegal practices of mortgage servicing companies that have called into question home mortgage foreclosures," Warren said. "An interagency task force of the Obama administration is working to get to the bottom of these issues and many of the here today are a part of the multi state committee which is examining actions of servicers across the country...
The MOU aims to promote consistent examination procedures and enforcement of consumer protection laws. It states that state regulators and the CFPB will consult each other regarding standards, procedures and practices used by state regulators and the CFPB to coordinate examinations.
re: 'first formal coordination...states and CFPB'

The so-called "Consumer Financial Protection Bureau" is one of those little publicized creations of the U.S. financial makeover bill passed in July of last year. That was the bill that did an 'extreme makeover' of the U.S. financial industry, giving the Federal government "expansive new authority"
[here; see 'update' above also]. Well the CFPB has now set up shop and opened the doors for business. First order of business was to effectively assert financial control over the states. The papers are signed, that is accomplished.

"Starting today we will work together..." is how appointed 'czar' Warren worded it. This is being called "coordination". All in the name of "consumer protection". Hence the name of the new 'bureau'.

Absurd name aside though, it is not difficult to see what is happening here. The reality is that it gives the Federal government the power to "manage every facet of commerce under the guise of consumer protection". It "allows the government to collect data on any person operating in financial markets at any level, including the collection of personal transaction records from local banks, including customers’ addresses and ATM receipts"
[here 5-23-10].

This CFPB is just another fruit of fake global financial crisis of two years ago, via the U.S. financial-remake bill of July 2010. All of which is to serve the purpose of melding the U.S. economy into the coming '666' global system. Individual state-systems cannot exist, they must be absorbed by the Federal, which in turn will then submit the whole to the global.
This is a very big deal. This is no longer future. It is underway. Far from "consumer protection", it is the building of a massive financial control network. And as they already have their hands in on the ongoing 'mortgage-chaos', no doubt when that is all said and done, they will have control of the mortgage industry nationwide, apparently exactly as planned.

Tyranny, dictatorship, NWO, all of the above. It is Zionism. Rev. 18:4
[follow links, connect dots]
Ezekiel 7:19 'They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity'

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