"It was formed to protect American consumers, but the Consumer Financial Protection Bureau’s new headquarters is taking taxpayers for a ride, according to a new report this week from the Federal Reserve’s inspector general.
The newly renovated headquarters will now cost at least $215.8 million, of which $145.1 million is for actual renovations and the rest goes to costs of moving, renting “swing space” and other similar expenses."...
..."Just two years ago, the CFPB published a cost of $55 million for its headquarters.
The inspector general said that because of missing documentation, the CFPB cannot make “a sound business case” for the renovations."
