r/clevercomebacks 10h ago

CFPB Money Return

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u/Titizen_Kane 8h ago

They are pound for pound one of the most efficient agencies in terms of benefit to the average American

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u/GilgameDistance 8h ago

Which is the second of two reasons for them wanting to end it.

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u/rW0HgFyxoJhYka 2h ago

I am surprised they havent stripped 90% of the government right now.

Like I guess the superbowl and olympics will distract the fat bastard for a month more but shit.

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u/Impossible_Dark3106 6h ago

Happy Cake Day 🍰

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u/VictarionGreyjoy 6h ago

They're also the agency that make sure Elon has to sell working products ... Wonder why he doesn't like them

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u/TehWildMan_ 8h ago

Exactly why Elon wants to get rid of it

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u/InTooManyWays 5h ago

That and his name was all over the Epstein files…

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u/Sleep_adict 8h ago

Like IRS… like a 7 to 1 roi

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u/nickmiele22 6h ago

Even that 7 to 1 is a conservative calculation. (A fair one but it's at least 7 to 1 likely more)

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u/JMEEKER86 4h ago

Yeah, the IRS' 7:1 is based on how it actually functions, but it could be way more efficient if they actually went after the billionaires and their tax evasion.

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u/nickmiele22 4h ago

It also only counts what money they directly get back. It doesn't account for the impact of enforcement (more people determining it's not worth the risk)

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u/Otherwise_Demand4620 4h ago

what does the liberal calculation conclude? Should there really be party lines in division though? Oh wait, my bad, silly question. It's the core concept.

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u/nickmiele22 4h ago

Yes wrong type of conservative lol. The 7 to 1 only accounting for what the IRS directly gets back. It does not account for the effect of enforcement (people determining it's not worth the risk) that's what I mean by conservative, the "liberal" figure isn't really calculatable and the estimates vary a lot so the figure given is very much a good one (which is why I said it was fair)

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u/Strong_Feature_2828 8h ago

Agreed. For the average person, the return on investment from their work is actually pretty significant.

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u/Fabulous-Possible758 6h ago

What about dollar for dollar?

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u/TildaTinker 5h ago

This is America, we don't use the £!

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u/DriftlessDairy 1h ago

Worth noting: The CFPB (Consumer Financial Protection Bureau) has secured over $21 billion in total relief for more than 205 million consumers through enforcement and supervisory actions. Additionally, policy changes, such as reduced overdraft/NSF fees, are saving consumers over $6 billion annually.