Congress is warning Americans that the agency charged with safeguarding their wallet -- the Consumer Financial Protection Bureau -- is orchestrating a huge taxpayer rip off, renovating their downtown headquarters for nearly as much as the building is worth.
“You are spending more per square foot than the Trump World Tower” cost to build, jabbed Rep. Jeb Hensarling, chair of the House Committee on Financial Services, at CFPB Director Richard Cordray. “You are spending more than the Bellagio Hotel and Casino” cost to build in Las Vegas, he added at a hearing this week.
...Rep. Patrick McHenry, R-N.C., long a critic of the rehab, told Secrets that he has just demanded an audit of the project which he said has soared to three times the initial $55 million estimate and is nearly as high as building’s total appraisal of $153 million.
The building isn’t new.
It used to house the now defunct Office of Thrift Supervision.
The building isn’t new.
It used to house the now defunct Office of Thrift Supervision.
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