Trump Moves Closer To Gutting Elizabeth Warren’s Consumer Watchdog
3 replies, posted
[quote]NEW YORK ― Big business and congressional Republicans salivate at the idea of gutting the Consumer Financial Protection Bureau, the brainchild of Sen. Elizabeth Warren (D-Mass.). Now, President-elect Donald Trump is moving toward what they’ve long wanted: a weak agency that sides with financial predators over consumers.
Trump met with former Rep. Randy Neugebauer (R-Texas) on Wednesday and is considering Neugebauer to run the CFPB, Trump spokesman Sean Spicer confirmed on a Thursday call with reporters.[/quote]
[url]http://www.huffingtonpost.com/entry/trump-consumer-financial-protection-bureau_us_5877ac9ee4b05b7a465e3262[/url]
"Less big government" apparently means "more corrupt, wasteful and ineffectual big government" instead.
[QUOTE=1239the;51668198]"Less big government" apparently means "more corrupt, wasteful and ineffectual big government" instead.[/QUOTE]
that's usually the goal that conservatives strive for, because then they can use it as a scapegoat and say "look how bad the gubbermint is!!" and remove it all.
[quote]When he was in Congress, Neugebauer opposed CFPB actions like the first-ever federal rule cracking down on payday loans. He labeled the agency’s effort to require payday lenders to take basic steps to ensure consumers can pay back their loans and not get trapped in a cycle of debt as a “paternalistic erosion of consumer product choices.” He introduced a bill to overhaul and weaken the agency.[/quote]
ya why shouldn't businesses be allowed to fuck the poor?
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