Arizona Attorney General Kris Mayes Joins Multi State Lawsuit to Protect American Consumers

The Consumer Financial Protection Bureau has been on the Republican hit list since it was formed in 2011. The reason. It regulates banks, lenders, and credit card companies. It saves people money. Thanks to its investigatorial oversight of financial institutions and uncovering of improprieties, $20 billion has been returned to the American Consumer. Of course, … Read more

Trump Will Cut Costs; Just Not for You

Has anyone been to the gas station today? Or the local grocer to try and purchase a dozen eggs? Worried if those generous subsidies to enroll in the Obamacare/Affordable Care Act private healthcare marketplaces, provided by the Biden/Harris Administration, will still be there next year. Or how those new steel tariffs will affect your buying … Read more

SCOTUS makes it easier for president to fire CFPB director

Republicans have been trying for years to kill the Consumer Financial Protection Bureau (CFPB) — the brainchild of Senator Elizabeth Warren — an agency responsible for consumer protection in the financial sector. Republicans were unsuccessful in killing the CFPB, but today the Supreme Court did give the president the freedom to fire the CFPB director. Donald … Read more

The manufactured ‘crisis’ over the Consumer Financial Protection Bureau

The latest attempt by Donald Trump to fill the D.C. swamp with his loyal cronies to destroy federal agencies he does not like is this manufactured “crisis” over who will head the Consumer Financial Protection Bureau.

This fake “populist” is actually a big supporter of the banksters of Wall Street, the The Predator Class whose unbridled avarice and greed led to The Mortgage Fraud Scandal, The Biggest In Human History, that nearly destroyed the U.S. economy and the world’s financial system.

Donald Trump, a grifter and con man himself, believes the banksters of Wall Street were the real victims in this financial scandal, and that they should be freed from the minimalist banking regulations enacted in the Dodd-Frank Act to allow them to once again prey on consumers victims again, something you would expect a grifter and con man to say. Casting Wall Street as Victim, Trump Leads Deregulatory Charge.

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The Twitter-troll-in-chief”s tweet is, of course, total bullshit, as Philip Bump of The Post explains. Trump once again rises to Wall Street’s defense:

This isn’t true: Banks have repeatedly set new quarterly records on incomes over the past several years, including in the second quarter of 2017. If that’s devastation, sign me up.

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Bloomberg News’s editorial board, in an editorial praising the watchdog agency, described some of its successes: “It created the first federal rules to make payday lending less predatory. It gave the public reams of valuable information, such as a database that allows consumers to compare credit-card agreements. Its practice of publishing complaints pushed financial institutions to be more responsive. Its investigation of Wells Fargo brought national attention to the fake-accounts issue.”

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