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Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 3:02 pm
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
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:00 pm
by Biker
Good. Its just more bureaucratic waste
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:08 pm
by Biker
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:11 pm
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.
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:12 pm
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.
Its a relatively new bureau. I think we'll be OK, Rick
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:17 pm
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.
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 !!!!
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Sun Feb 09, 2025 4:23 pm
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.
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
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Mon Feb 10, 2025 8:04 pm
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?
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Mon Feb 10, 2025 8:18 pm
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
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Mon Feb 10, 2025 9:06 pm
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?
Re: Consumer financial watchdog is ordered by acting director to stop fighting financial abuse.
Posted: Mon Feb 10, 2025 9:18 pm
by Biker
Watchdogs dont enforce anything
