Controversy builds at U.S. consumer protection bureau
By Kenric Ward | Watchdog.org
WASHINGTON, D.C. — Costly building renovations at the U.S. Consumer Financial Protection Bureau are raising more congressional concerns that the agency is out of control.
A government report pegs the price of the work at $210 million — $120 million more than initial estimates, with off-site leasing costs included.
“That’s more per square foot than the Bellagio hotel-casino in Las Vegas,” said John Berlau, a senior fellow at the Competitive Enterprise Institute.
And, critics add, CFPB doesn’t even own the building.
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