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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How many lawsuits have they dropped over the last few weeks? Those defrauded consumers will never, ever get their money back now. Can someone explain why this administration wants to protect skeezy lenders? [/quote]
Republican Senate just passed a bill increasing bank overdraft fees, which had been capped by a CFPB rule at $5. The average overdraft fee when not capped is $35.
[twitter]https://x.com/merylkornfield/status/1905393037829980645?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote]

This is one of several CFPB rules they’ve CRA-ed (aka, killed) recently. The other big rule was for the CFPB to supervise nonbank tech companies that offer digital payments. I wonder why they’d do that. Didn’t someone with the initials “EM” want to get into digital payments? No conflict there.

To be real. It’s completely inexplicable why any “normal” (non-billionaire or non-loan shark) person would support the destruction of this agency. [/quote]
+1
[twitter]https://x.com/brendan_duke/status/1902842533715345870?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote]

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