Top Democrats on the House Financial Services Committee are asking several watchdog agencies to provide more information about federal regulators' employment policies and practices with regard to minorities and women.
Nine members of the panel signed joint letters March 24 to the inspectors general of several financial regulators and the Treasury Department asking them to look into the issue.
Democrats are also seeking the Federal Reserve Board's inspector general (which also oversees the CFPB), to look into the consumer bureau's performance appraisal process and how its Office of Minority and Women Inclusion has been involved in that process.
"We request that the Office of Inspector General (OIG) immediately exercise its independent oversight authority over the bureau's operations, to detect whether any personnel practices and policies have created an unfair or discriminatory workplace for minorities and women employed at the CFPB," states the letter sent to Inspector General Mark Bialek of the Federal Reserve, which was released Wednesday. "Allegations of discriminatory behavior at the bureau, in perception or practice, must be investigated thoroughly to ensure that no individual, coalition or group of individuals undermines the agency's vital mission of ensuring the fair and equitable treatment of consumers from all backgrounds."
The letters were signed by Reps. Maxine Waters, the Financial Services Committee's top Democrat; Al Green, D-Texas; Carolyn Maloney, D-N.Y.; Emanual Cleaver, D-Mo.; Ed Perlmutter, D-Colo.; John K. Delaney, D-Md.; Kyrsten Sinema, D-Ariz.; Joyce Beatty, D-Ohio; and Denny Heck, D-Wash.
King Richard will be lucky if that motly crew doesn't send him to the guillotine, or worse: socializes him.
A CFPB spokesman said that the CFPB welcomed the investigation. I understand Leon Trotsky said the same thing days prior to his opponents sticking an icepick through his eardrum.
The "beauty part" of this investigation is that it's only one in an expected dog pile of investigations. Since Democrats are are leading the charge, the rest of the Republican-dominated House is happy to jump on the bandwagon.
Separately on Wednesday, the House Financial Services Oversight and Investigations Subcommittee announced a hearing April 2 to look into the CFPB's performance evaluation process and complaints filed by employees. All of the Democrats who signed the letters are members of this subcommittee.
Since Congress is all about the infliction of unintended consequences, let's hope an unintended consequence of this witch hunt is the impositions of some checks and balances on this unchained violator of diversity, inclusiveness, and the protection of the brain-fogged. We'll be following this investigation all the way to its white-washed conclusion.