Reply to Shutting down the CFPB

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[quote=Anonymous][quote=Anonymous]Thousands(tens?) of Americans have been de-banked since the creation of the CFPB. The CFPB largely didn't care one bit because it didn't involve a "protected class."

It ended up, like much of the federal government, looking like a partisan operation. Well, now its being treated like one.

Maybe after a little creative destruction, we'll get a watchdog that actually protects Americans instead of shaking down big banks that should just be broken up instead.

For those that need a visual summary, we're currently in panel four. The time to care was panel one:
[img]https://stonetoss.com/wp-content/uploads/2018/10/right-wing-censorship-comic1.png[/img][/quote]

I disagree entirely that the CFPB has shown it doesn’t care about debanking. It quite literally referenced debanking in a recent rule and in court filings and public statements. I know the crypto industry thinks that just not enough. But- great news! There is a new director who is absolutely free to prioritize debanking. They’re free to draft debanking rules and prioritize combatting it in their supervision and enforcement work. Instead, they’ve chosen instead to illegally stop work— on everything. There are other extremely important laws and regulations that underpin our financial sector.

Like everything else, republicans only seem to know how to burn everything down. They have a clean sweep of every branch. They are able to address these things! CFPB is a powerful regulator. Instead, there is still whining about what CFPB did before and intense focus on punishing agencies. It’s so bizarre. Act like an adult. Govern like an adult. [/quote]

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