Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

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Reservoir Dog
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Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#1

Post by Reservoir Dog »

In practice, this means that the nation’s top consumer financial watchdog has effectively been pulled off the street, prevented from providing oversight over big banks, payday lenders and other financial institutions that could be hurting consumers.
What could possibly go wrong, right?

https://www.cnn.com/2025/02/09/business ... index.html
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Biker
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#2

Post by Biker »

Good. Its just more bureaucratic waste
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#3

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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#4

Post by Reservoir Dog »

Biker wrote: Sun Feb 09, 2025 4:00 pm Good. Its just more bureaucratic waste
The Consumer Financial Protection Bureau - which keeps the big banks in check - is bureaucratic waste?

Have fun with that. :lol:
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#5

Post by Biker »

Reservoir Dog wrote: Sun Feb 09, 2025 4:11 pm
Biker wrote: Sun Feb 09, 2025 4:00 pm Good. Its just more bureaucratic waste
The Consumer Financial Protection Bureau - which keeps the big banks in check - is bureaucratic waste?

Have fun with that. :lol:
Its a relatively new bureau. I think we'll be OK, Rick
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#6

Post by Reservoir Dog »

Biker wrote: Sun Feb 09, 2025 4:12 pm
Reservoir Dog wrote: Sun Feb 09, 2025 4:11 pm
Biker wrote: Sun Feb 09, 2025 4:00 pm Good. Its just more bureaucratic waste
The Consumer Financial Protection Bureau - which keeps the big banks in check - is bureaucratic waste?

Have fun with that. :lol:
Its a relatively new bureau. I think we'll be OK, Rick
Oh, look! All of a sudden I'm paying 50% interest on all my credit cards! GO MAGA !!!!
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#7

Post by Biker »

Reservoir Dog wrote: Sun Feb 09, 2025 4:17 pm
Biker wrote: Sun Feb 09, 2025 4:12 pm
Reservoir Dog wrote: Sun Feb 09, 2025 4:11 pm
Biker wrote: Sun Feb 09, 2025 4:00 pm Good. Its just more bureaucratic waste
The Consumer Financial Protection Bureau - which keeps the big banks in check - is bureaucratic waste?

Have fun with that. :lol:
Its a relatively new bureau. I think we'll be OK, Rick
Oh, look! All of a sudden I'm paying 50% interest on all my credit cards! GO MAGA !!!!
There are already laws in place that prohibit that. Try again, Rick
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#8

Post by QillerDaemon »

Biker wrote: Sun Feb 09, 2025 4:23 pm
There are already laws in place that prohibit that. Try again, Rick
And laws require law enforcement. Who's doing that?
If you can't be a good example, you can still serve as a horrible warning.
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#9

Post by Biker »

QillerDaemon wrote: Mon Feb 10, 2025 8:04 pm
Biker wrote: Sun Feb 09, 2025 4:23 pm
There are already laws in place that prohibit that. Try again, Rick
And laws require law enforcement. Who's doing that?
Not the CFPB
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#10

Post by Reservoir Dog »

Biker wrote: Mon Feb 10, 2025 8:18 pm
QillerDaemon wrote: Mon Feb 10, 2025 8:04 pm
Biker wrote: Sun Feb 09, 2025 4:23 pm
There are already laws in place that prohibit that. Try again, Rick
And laws require law enforcement. Who's doing that?
Not the CFPB
The CFPB enforced the rules for financial firms, including credit card interest rates.
So who does it now?
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Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.

#11

Post by Biker »

Watchdogs dont enforce anything
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