Shutting down the CFPB

[Anonymous]

Is this payoff for the banks and predatory lenders under Trump's wing?A get out of jail card for the loan departments at unaccredited colleges?
Certainly doesn't help Joe the Plumber

[Anonymous]

CFPB has had a target on its back since it was first instituted (GOP previously tried to take it down through the court process).

I’m honesty surprised they didn’t start with CFPB and instead went after USAID as the first scapegoat agency. Maybe they wanted to test whether it would work.

[Anonymous]

Of course the republicans want to take down the agency that protects ordinary people and hurts big banks.

[Anonymous]

Good it will take year or two for people to feel the pain.

Guess no more suing capital one for stuff like this.

-Capital One falsely advertised its 360 Savings account as having high interest rates

-Capital One kept the 360 Savings interest rate at 0.30% from December 2020 to at least August 2024

-Capital One introduced the 360 Performance Savings account with higher interest rates, but didn't notify existing 360 Savings customers

-Capital One didn't automatically upgrade existing 360 Savings accounts to 360 Performance Savings accounts

-Capital One's practices deprived millions of customers of billions of dollars in interest payments

[Anonymous]

Yep. And no one can sue him for his fraudulent memecoin scam either. Let the scams run wild on us all.

[Anonymous]

[Anonymous]

$800M investment returns over $21B to consumers because banks and credit card companies rip off their customers.

[Anonymous]

Anonymous wrote:$800M investment returns over $21B to consumers because banks and credit card companies rip off their customers.

Pretty clear who Trump is serving. It ain’t us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$800M investment returns over $21B to consumers because banks and credit card companies rip off their customers.

Pretty clear who Trump is serving. It ain’t us.

He’s serving crypto (himself).

[Anonymous]

Anonymous wrote:CFPB has had a target on its back since it was first instituted (GOP previously tried to take it down through the court process).

I’m honesty surprised they didn’t start with CFPB and instead went after USAID as the first scapegoat agency. Maybe they wanted to test whether it would work.

I think they did USAID first because the creation of CFPB occurred under Dodd Frank in the wake of the 2008 GFC.

[Anonymous]

CFPB was created after the housing crises by an act of Congress. The Executive branch still hasn’t explained how they’re able to shut down an agency like this.

[Anonymous]

MAGA prioritizing their ability to scam American consumers without recourse. Sounds right. Real working class agenda right there.

[Anonymous]

Perfect. I have been seeking revenge on shrieking Elizabeth Warren since Dodd Frank. I can't wait to watch her in hearings sputtering all over her Talbot's outlet jacket from 1997.

[Anonymous]

An excellent agency that directly helps individual Americans (through both assistance AND direct monetary relief!)— and all on a tiny budget. Of course they go after it.

[Anonymous]

Anonymous wrote:MAGA prioritizing their ability to scam American consumers without recourse. Sounds right. Real working class agenda right there.

Grifters gonna grift