U.S. Supreme Court backs challenge to the structure of the CFPB

0
0
 
Comments
Vic Alexander
Vic Alexander - 14 hours ago
Chief Justice John Roberts, can you please undo what lawsuits I have filed against Dr. John Gunnell the Mormon homosecual and Queen Elizabeth II and FBI Director for their multiple attempts against my life because of who my father was? To the best of my knowlede my father is Nimrud Youkhanna Malik Kambar born Turkey 1884, was first CIA Director.
gearsplayer0612
gearsplayer0612 - Day ago
THIS MEANS THE FEDERAL RESERVE IS OFFICIALLY UNCONSTITUTIONAL.
Russell Peterson
Russell Peterson - 2 days ago
LOCK TRUMP UP!! LOCK TRUMP UP!! LOCK TRUMP UP!!
Shadow Of Pain
Shadow Of Pain - 2 days ago
Consumer protection. Cant have that wait till the cdo clo repeat takes every dream america ever had.
Shadow Of Pain
Shadow Of Pain - 2 days ago
Nice of them to give biden all these new powers.
A. Ali
A. Ali - 2 days ago
Time to throw the American avg Joe under the bus .... the quality of the bus will be checked by Trump not CFPB ....
To The Point
To The Point - 2 days ago
"at will" not "for cause" is the same as disbanding this agency.
M C
M C - 2 days ago
Furthering hurting the average American
Old Woman
Old Woman - 2 days ago
What else can we expect from a fascist court majority?
pmboston
pmboston - 2 days ago
Trump will fire the director immediately and put in a flunky like every other replacement he has made to date. The head of the consumer protection agency needed to be beyond the reach of lobbyists. That’s what made them so ‘powerful’ that the swamp creatures feared him. The loser here is once again the consumer. That is you, by the way.
Inoffensive Name
Inoffensive Name - 2 days ago
Republicans actually advocating for shrinking government power? I'd never thought I'd live to see the day.
7charlierox
7charlierox - 2 days ago
more power for the mad poser
Mary Jones
Mary Jones - 2 days ago
We have a freak for a president. #VoteAmerica or vote #TrumpInsanity
GOOSE
GOOSE - 2 days ago
Love ❤️ it middle finger to you Pocahontas
GOOSE
GOOSE - 2 days ago
Pocahontas AKA ELIZABETH WARREN your no queen and the end of your garbage made up position by Barack Hussein Obama is over. Made up phony garbage position
GOOSE
GOOSE - 2 days ago
CFPB-looks like Obama’s legacy and his little dr evil Elizabeth Warren aka Pocahontas is SOL.
Mike Graves
Mike Graves - 2 days ago
CNBC IS REANIMATING FAKE NEWS FOR THE MASSES.
Mike Reiley
Mike Reiley - 2 days ago
Great news, he deserved to be fired.
stenbak88
stenbak88 - 2 days ago
Free business fine but no bailouts ever again
November Reign
November Reign - 2 days ago
The decision is correct but Thumbs Down to CNBC for trying to misrepresent the constitution.
Steve Gustafson
Steve Gustafson - 2 days ago
MSM - All lies and propoganda, all the time.
duke
duke - 2 days ago
Remember everybody... WE ARE THE BOSS, no matter what. We can put any Corporation out of business we choose by simply directing our spending power away from them.
Jango 129
Jango 129 - 2 days ago
Swamp is being drained.
Rob Schumann
Rob Schumann - 2 days ago
Are you kidding me? Do you even know what the CFPB does? It makes sure banks and credit card companies can’t setup predatory practices to take as much money as they can from the working man. There is a reason it was set up so the director had to be fired for cause. You Trump supporters blindly follow anything he says. He is giving you a great big hug while sticking his hand in your back pocket, taking your wallet. When you notice your wallet is gone you say some “libtard” must have taken it while you were hugging Trump. Foolish foolish man!!
Goedelite Kurt
Goedelite Kurt - 2 days ago
The Supreme Court's power of judicial review is not itself constitutional. It was a power assumed by the Court under its first Chief Justice, John Marshall, in a rather arbitrary way: as I recall, in the case of an appointment by a preceding President, his successor did not allow the delivery of its commission to one Marbury, who sued for a mandamus by the Court to force the President to make delivery. Marshall opined that the Supreme Court had no jurisdiction to compel the delivery because the law which gave it such authority was in conflict with the Constitution. He struck down that authority given to the Court by the mandamus provision of the law, declaring the Court powerless to force the delivery. By declaring the Court powerless in this matter, he actually gave the Court a more sweeping power, the power to decide what accords with Constitution and what violates it. Congress accepted that decision, though it need not have. Congress could have insisted that only Congress can decide what violates the Constitution and the Court must issue a mandamus to the President to deliver the commission to Marbury. Though it is reasonable, as was argued, that with a written Constitution some authority must be able to decide that a law violates the Constitution, that authority - not specified in the Constitution - must be the Congress rather than the Supreme Court.
With the Supreme Court as the decider of constitutionality, there is the danger of the Court's legislating "from the bench", as is said.
With the Congress as the decider, there is the danger that Congress will re-write the Constitution through its reviews of constitutionality as politically convenient.
Which is the greater danger? Has the Supreme Court's power of judicial review promoted the nation's general welfare and liberties of our people, or has it hindered them? Would Congress have done better?
Tom N.
Tom N. - 2 days ago
Yes, it does mean that there will be changes at the CFPB. Trump with gut it like he has most other regulatory entities.
michael gove
michael gove - 2 days ago
*AH! Chief Just. Roberts is threshing all round w/ his Mighty Flail of Justice & Good Sense, winnowing the wheat from the Trumpy chaff.*
*Owning Trumpkins so bad - right, left, centre. This day he has struck down the Louisiana abortion restriction w/ his mighty BanHammer.*
*STARE DECISIS!*
pantslesswrock
pantslesswrock - 2 days ago
How is it 2020 and they haven't fixed the delay yet?
Michael Patterson
Michael Patterson - 2 days ago
There not happy when we’ve collapsed, they will kick us when we’re down, they should call it the Supreme devils
Aaron Goodin
Aaron Goodin - 2 days ago
SO WHAT WOULD LIFE IN AMERICA BE WITHOUT LAW AND ORDER. B&WLM
Bari Lew
Bari Lew - 2 days ago
Don’t be too quick to blame the idiot for this one. What you need to know is that both the Dems and the Reps are working for the same boss. Just remember that the USA is governed and located right smack in the middle of jerUSAlem.
Bari Lew
Bari Lew - 2 days ago
Don’t be too quick to blame the idiot for this one. What you need to know is that both the Dems and the Reps are working for the same boss. Just remember that the USA is governed and located right smack in the middle of jerUSAlem.
Solar Ray
Solar Ray - 2 days ago
The blonde chick gives good face - spectacular!
John Brown
John Brown - 2 days ago
It's "gender inequality" simply by saying that. Too much BS these day. YOuYOOP Had been a nazi joke with it's CEO lately, too.
danik TheGreat
danik TheGreat - 2 days ago
How can we people be OK with this? And who would even like this video... shame!
Yvonne Eiland
Yvonne Eiland - 2 days ago
This is why we march it's also why we must #VOTE to #RemoveTrump the Russian Trojan Horse
Roelito Rios
Roelito Rios - 2 days ago
UNCONSTITUTIONAL???? wht a sick assss joke. Do americans even knw wht that is ?
Sir Bruce
Sir Bruce - 2 days ago
This was a good decision by the SCOTUS!
Every President should have the right to add and remove as He or She sees fit.
This works in favor of ANY president serving from this point forward.
If there are more of these infrastructure violations, remove them too! Now we have a SCOTUS ruling to refer to on these matters.
FishFart
FishFart - 2 days ago
Federal government needs to start building housing projects for minority’s around America. This will be free no matter the income and all the federal government has to do is pick up maintenance cost every year is cheaper than giving racist private companies to house the poor of this country. With free housing projects many minority’s in few decades will become middle class which that’s the problem white people is not gonna be happy.
Daisy&Cleo
Daisy&Cleo - Day ago
FishFart NOT! They can go to school/ college , work hard, save their money and buy their own home like the rest of us did! No handouts OK got it! All of my children and my husband and I worked double shifts at times, never called in to work and yes my children are biracial, half black and half white and they all bought their own homes and NOONE helped them with that! And no one helped my husband and I we both served in the military and retired and we worked hard for everything we have an we are damn proud of it too!
🖖🏽DuZy🖖🏽
🖖🏽DuZy🖖🏽 - 2 days ago
Sounds like more dismantling of the consumer's rights and protections in favor of big company/business.
C 546799
C 546799 - 2 days ago
@Matthew Dycus because the new chair is going to be a payday loan CEO. Who should've been happy enough with the demolishing of interest rate regulations for them. But now they want more. If you think he will be better, you are delusional. Just like only the delusional would think the head of a hedge fund that defrauded people out of millions deserves to lead the IRS. Or that the CEO of EXXON would know how to be Secretary of State! Etc . . . Presidential powers are too expansive. We have not kept up with our founding fathers desired constitutional conventions every 20 yrs, and our antiquated document needs to be updated. So we finally start with 1 protected head that is meant to be free from COI in order to work for EVERY Americans best financial interest, is swept away. 👏🏼👏🏼👏🏼 Maybe someday people will understand the conflicts of interest in allowing presidents to appoint lobbyists to their cabinets. Maybe someday we will have real experience and education requirements for the most important jobs in our country, instead of letting crony capitalism continue. But kudos to your undying loyalty! I hope it serves you well!
Matthew Dycus
Matthew Dycus - 2 days ago
Why? Because the chair is no longer an unfirable demi-god?
Basillio11
Basillio11 - 2 days ago
"Fight gender bias in the home" commercial??? How divided are you liberal morons going to make our country become?
Brad Hobbs
Brad Hobbs - 2 days ago
Sorry, Liz Warren. Too bad, so sad.
Pamela Wing
Pamela Wing - 2 days ago
What has made ANYONE believe that Cheeto cares one bit about any of us. There are NO independent agencies, or anything else under the Emperor. I love it when his minions and worshipers talk about freedom. I want the freedom of never having to hear him speak or see his orange face ever again.
Mike Klug
Mike Klug - 2 days ago
@Pamela Wing but then again I think you just might have a secret crush on Trump. Maybe that's the first strong man you've ever had in your life
Mike Klug
Mike Klug - 2 days ago
@Pamela Wing God here we go. Koolaid this koolaid that. What's wrong Pammy....cat got your tongue. Or is that your exit strategy from every adult debate. Rip off the predictable liberal dictionary of cowardly talking points or "attempted insults" to avoid being embarrassed. Here's an idea. Find yourself a role model.
Pamela Wing
Pamela Wing - 2 days ago
@Salemchevy Gaming BS
Pamela Wing
Pamela Wing - 2 days ago
@Mike Klug What flavor is the Koolaid you drink, I'd love to send you some. Bygones. LOL
Mike Klug
Mike Klug - 2 days ago
@Salemchevy Gaming yeah nobody on the left will see all of these accomplishments. They just care about their agenda for a socialist society
Travis Heffernan
Travis Heffernan - 2 days ago
Sweet, all we need is a president who actually shows up to the office and this could work out pretty well.
Mike Klug
Mike Klug - 2 days ago
What!!!??? Are you serious right now
Rod McDonald
Rod McDonald - 2 days ago
Conservatives will do anything and everything to allow corporations to take advantage of American consumers. Government by the corporations for the corporations and to hell with the American public. Wake up people !
Kevin Counihan
Kevin Counihan - 2 days ago
@Salemchevy Gaming I guess you didn't know almost all of those 'facts and stats' are false. And on just one point, the last one, Obama had a stronger anti-immigrant policy that worked until your god-king trump rolled it back. I don't have the time to try to refute all of these false claims you have just repeated from the trump propaganda website, so I wiln't. Anyone can spin stats to say whatever they want them to, and the reality is since trump has been in office the entire country has taken a royal dump. So go on spouting the typical trump troll propaganda, it suits your kind well. Say' h'i to Putin for me while you're at it. 06-29-2020.
Sir Bruce
Sir Bruce - 2 days ago
I disagree with you.
Sir Bruce
Sir Bruce - 2 days ago
@Rod McDonald I just went through it and yes that was to you.
Sir Bruce
Sir Bruce - 2 days ago
@Rod McDonald Sorry, I didn't bother reading your post.
Rod McDonald
Rod McDonald - 2 days ago
@Sir Bruce Are talking to me ?
J Skoog
J Skoog - 2 days ago
Brush on your Russian. We're going to need it.
Lisa Lightner
Lisa Lightner - 2 days ago
Gee! the Supreme court deciding on the behalf of large powerful Corporations......how perfectly predictable.
Erick Debose
Erick Debose - 2 days ago
This country breaks all the constitution and this is a shame that we the people allow it to happen every day and don’t hold them accountable for it wake up
November Reign
November Reign - 2 days ago
I don't understand your comment as it pertains to this particular video , are you saying this ruling was unconstitutional ? Because it wasn't .
Blue Azul
Blue Azul - 2 days ago
What are you doing to protect your community? How have you served your country? What are you willing to lose in order to defend the constitution? Dont just talk about it, do something about it. Otherwise you are as useless as the rest of us that sit back and comment.
George Lux
George Lux - 2 days ago
Let's make sure that corporations can own this country completely.
Ethan Haines
Ethan Haines - 2 days ago
Oh they already do
cattigereyes1
cattigereyes1 - 2 days ago
A corrupt court has failed America
Roy Rodgers
Roy Rodgers - 2 days ago
The giant orange turd is leaving skid marks all over the US
Salemchevy Gaming
Salemchevy Gaming - 2 days ago
Please everything is trumps fault and yet you are still poor because you don’t have a job Look at this and say uncle joe is better Note it is before the ccp virus Almost 4 million jobs created since election. More Americans are now employed than ever recorded before in our history. We have created more than 400,000 manufacturing jobs since my election. Manufacturing jobs growing at the fastest rate in more than THREE DECADES. Economic growth last quarter hit 4.2 percent. New unemployment claims recently hit a 49-year low. Median household income has hit highest level ever recorded. African-American unemployment has recently achieved the lowest rate ever recorded. Hispanic-American unemployment is at the lowest rate ever recorded. Asian-American unemployment recently achieved the lowest rate ever recorded. Women’s unemployment recently reached the lowest rate in 65 years. Youth unemployment has recently hit the lowest rate in nearly half a century. Lowest unemployment rate ever recorded for Americans without a high school diploma. Under my Administration, veterans’ unemployment recently reached its lowest rate in nearly 20 years. Almost 3.9 million Americans have been lifted off food stamps since the election. The Pledge to America’s Workers has resulted in employers committing to train more than 4 million Americans. We are committed to VOCATIONAL education. 95 percent of U.S. manufacturers are optimistic about the future-the highest ever. Retail sales surged last month, up another 6 percent over last year. Signed the biggest package of tax cuts and reforms in history. After tax cuts, over $300 billion poured back in to the U.S. in the first quarter alone. As a result of our tax bill, small businesses will have the lowest top marginal tax rate in more than 80 years. Helped win U.S. bid for the 2028 Summer Olympics in Los Angeles. Helped win U.S.-Mexico-Canada’s united bid for 2026 World Cup. Opened ANWR and approved Keystone XL and Dakota Access Pipelines. Record number of regulations eliminated. Enacted regulatory relief for community banks and credit unions. Obamacare individual mandate penalty GONE. My Administration is providing more affordable healthcare options for Americans through association health plans and short-term duration plans. Last month, the FDA approved more affordable generic drugs than ever before in history. And thanks to our efforts, many drug companies are freezing or reversing planned price increases. We reformed the Medicare program to stop hospitals from overcharging low-income seniors on their drugs-saving seniors hundreds of millions of dollars this year alone. Signed Right-To-Try legislation. Secured $6 billion in NEW funding to fight the opioid epidemic. We have reduced high-dose opioid prescriptions by 16 percent during my first year in office. Signed VA Choice Act and VA Accountability Act, expanded VA telehealth services, walk-in-clinics, and same-day urgent primary and mental health care. Increased our coal exports by 60 percent; U.S. oil production recently reached all-time high. United States is a net natural gas exporter for the first time since 1957. Withdrew the United States from the job-killing Paris Climate Accord. Cancelled the illegal, anti-coal, so-called Clean Power Plan. Secured record $700 billion in military funding; $716 billion next year. NATO allies are spending $69 billion more on defense since 2016. Process has begun to make the Space Force the 6th branch of the Armed Forces. Confirmed more circuit court judges than any other new administration. Confirmed Supreme Court Justice Neil Gorsuch and nominated Judge Brett Kavanaugh. Withdrew from the horrible, one-sided Iran Deal. Moved U.S. Embassy to Jerusalem. Protecting Americans from terrorists with the Travel Ban, upheld by Supreme Court. Issued Executive Order to keep open Guantanamo Bay. Concluded a historic U.S.-Mexico Trade Deal to replace NAFTA. And negotiations with Canada are underway as we speak. Reached a breakthrough agreement with the E.U. to increase U.S. exports. Imposed tariffs on foreign steel and aluminum to protect our national security. Imposed tariffs on China in response to China’s forced technology transfer, intellectual property theft, and their chronically abusive trade practices. Net exports are on track to increase by $59 billion this year. Improved vetting and screening for refugees, and switched focus to overseas resettlement. We have begun BUILDING THE WALL. Republicans want STRONG BORDERS and NO CRIME. Democrats want OPEN BORDERS which equals MASSIVE CRIME.
rdtdriller
rdtdriller - 2 days ago
Hell of a dealmaker. :(
rdtdriller
rdtdriller - 2 days ago
?fire everyone? The apprentice??
happy cats
happy cats - 2 days ago
For those whining about Trump they did say any president democrat or republican
Salemchevy Gaming
Salemchevy Gaming - 2 days ago
Lisa Lightner shut up Karen and read this before you go saying trump bad. You know he is not taking the president money right. Also note this is before the ccp virus Almost 4 million jobs created since election. More Americans are now employed than ever recorded before in our history. We have created more than 400,000 manufacturing jobs since my election. Manufacturing jobs growing at the fastest rate in more than THREE DECADES. Economic growth last quarter hit 4.2 percent. New unemployment claims recently hit a 49-year low. Median household income has hit highest level ever recorded. African-American unemployment has recently achieved the lowest rate ever recorded. Hispanic-American unemployment is at the lowest rate ever recorded. Asian-American unemployment recently achieved the lowest rate ever recorded. Women’s unemployment recently reached the lowest rate in 65 years. Youth unemployment has recently hit the lowest rate in nearly half a century. Lowest unemployment rate ever recorded for Americans without a high school diploma. Under my Administration, veterans’ unemployment recently reached its lowest rate in nearly 20 years. Almost 3.9 million Americans have been lifted off food stamps since the election. The Pledge to America’s Workers has resulted in employers committing to train more than 4 million Americans. We are committed to VOCATIONAL education. 95 percent of U.S. manufacturers are optimistic about the future-the highest ever. Retail sales surged last month, up another 6 percent over last year. Signed the biggest package of tax cuts and reforms in history. After tax cuts, over $300 billion poured back in to the U.S. in the first quarter alone. As a result of our tax bill, small businesses will have the lowest top marginal tax rate in more than 80 years. Helped win U.S. bid for the 2028 Summer Olympics in Los Angeles. Helped win U.S.-Mexico-Canada’s united bid for 2026 World Cup. Opened ANWR and approved Keystone XL and Dakota Access Pipelines. Record number of regulations eliminated. Enacted regulatory relief for community banks and credit unions. Obamacare individual mandate penalty GONE. My Administration is providing more affordable healthcare options for Americans through association health plans and short-term duration plans. Last month, the FDA approved more affordable generic drugs than ever before in history. And thanks to our efforts, many drug companies are freezing or reversing planned price increases. We reformed the Medicare program to stop hospitals from overcharging low-income seniors on their drugs-saving seniors hundreds of millions of dollars this year alone. Signed Right-To-Try legislation. Secured $6 billion in NEW funding to fight the opioid epidemic. We have reduced high-dose opioid prescriptions by 16 percent during my first year in office. Signed VA Choice Act and VA Accountability Act, expanded VA telehealth services, walk-in-clinics, and same-day urgent primary and mental health care. Increased our coal exports by 60 percent; U.S. oil production recently reached all-time high. United States is a net natural gas exporter for the first time since 1957. Withdrew the United States from the job-killing Paris Climate Accord. Cancelled the illegal, anti-coal, so-called Clean Power Plan. Secured record $700 billion in military funding; $716 billion next year. NATO allies are spending $69 billion more on defense since 2016. Process has begun to make the Space Force the 6th branch of the Armed Forces. Confirmed more circuit court judges than any other new administration. Confirmed Supreme Court Justice Neil Gorsuch and nominated Judge Brett Kavanaugh. Withdrew from the horrible, one-sided Iran Deal. Moved U.S. Embassy to Jerusalem. Protecting Americans from terrorists with the Travel Ban, upheld by Supreme Court. Issued Executive Order to keep open Guantanamo Bay. Concluded a historic U.S.-Mexico Trade Deal to replace NAFTA. And negotiations with Canada are underway as we speak. Reached a breakthrough agreement with the E.U. to increase U.S. exports. Imposed tariffs on foreign steel and aluminum to protect our national security. Imposed tariffs on China in response to China’s forced technology transfer, intellectual property theft, and their chronically abusive trade practices. Net exports are on track to increase by $59 billion this year. Improved vetting and screening for refugees, and switched focus to overseas resettlement. We have begun BUILDING THE WALL. Republicans want STRONG BORDERS and NO CRIME. Democrats want OPEN BORDERS which equals MASSIVE CRIME.
Salemchevy Gaming
Salemchevy Gaming - 2 days ago
True
Lisa Lightner
Lisa Lightner - 2 days ago
Trump will stop at nothing to transfer as much wealth as possible during his presidency to himself and his rich friends...talk about looting!
TheSpiderman7285
TheSpiderman7285 - 2 days ago
We sick of aryan hosts yet?
Fight Flynn
Fight Flynn - 2 days ago
More like they are sick of us. Get ready. This year isnt over.
The Dude
The Dude - 2 days ago
The Chief Justice continues his assault on our constitution.
November Reign
November Reign - 2 days ago
@Alfred Lutz He has none other than he is a leftist
Alfred Lutz
Alfred Lutz - 2 days ago
You wouldn't care to share with us any kind of argument in support of your view?
The Dude
The Dude - 2 days ago
We do not have a Supreme Court, we have a political arm of the democrat party rewriting laws and creating distrust in our legal system.
Kevin Counihan
Kevin Counihan - 2 days ago
If that were so then why are all the decisions going in favor of the republicans and corporations? The latest ones that looked like a 'win' for the democrats are just window dressing, they were really decisions to review the law, not change it in favor of the democrats. And just so you know every time you blame something on the democrats it is for sure something the republicans are doing, just deflection on the part of the republicans. It's typical, they've been doing it for so long you can't see it through your MAGAt hat-wearing eyes. 06-29-2020.
Rod McDonald
Rod McDonald - 2 days ago
The Dude, you are stuck on stupid.
B M
B M - 2 days ago
buttercup...blessed your heart.......
Mr McLovin
Mr McLovin - 2 days ago
Awww poor idiot Trumpie
Ron Wade
Ron Wade - 2 days ago
Docrat? Fox snooze has rotted your brain!
senseamp
senseamp - 2 days ago
They are corporate shills, time for court reform.
Ice 247
Ice 247 - 2 days ago
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Craig Crawford
Craig Crawford - 2 days ago
@Sans Decorum You're not witty. All you have shown is that you are ignorant at best. It's very easy to ridicule what one does not understand, just like the idiot Trump defenders. .
Sans Decorum
Sans Decorum - 2 days ago
The which I reply; As I read from Leviticus 1, Chapter 4, Jackson 5. E Pluribus Unum, and Troy, there lies the scene. Close cover before striking. Rock of ages! Take my wife! A sign from above! A star rose in the heavens! The wind howled from he west! The Red Sea parted. A pyramid fell and a baby cried. Another sign! Like thunder, a small foreign car exploded and the traveler knew he could not be driven from the promised land. Bless you and goodnight.
Jonathon Goodson
Jonathon Goodson - 2 days ago
You need to keep my name out of your mouth.
Craig Crawford
Craig Crawford - 2 days ago
Yes, and who is that? No one knows until the Man of Lawlessness is revealed. .
Fx Technical Signal
Fx Technical Signal - 2 days ago
USDCAD today analyse
Tenken-Sen- 1.36718
Kijun-Sen- 1.36008
USDCAD recovered more than 70 pips on a slight jump in the US dollar.
pfpublius
pfpublius - 2 days ago
All this because Trump wants to put a payday loan CEO in that seat....does anyone really think that's gonna work out well?
AZDuffman
AZDuffman - 2 days ago
@pfpublius You are vomiting Democrat talking points. I would rather have someone from industry who broke their hump in the real world in charge of regs than someone who hid from reality in government all their life.
pfpublius
pfpublius - 2 days ago
@AZDuffman I can tell you I've experienced that. My perspective is that we need to work on solving people's short term needs while preventing traps like the payday loan cycle of re-upping every week. That CEO knows a side of finances, but he's probably not tuned into what's going to be best for consumers. His job as a CEO was to maximize shareholder value. And that meant signing off on policies & practices designed to keep people indebted to his payday corporation. If that's what he did at a company, imagine how much damage he can do in a federal position. I'm not saying the guy isn't smart, I'm sure he is. There's just worse than no evidence to think he'll be good for consumers...in fact there's mound to suggest the opposite. Same thing in the EPA where he was able to install a former coal lobbyist. Roll backs on protections...immediate corporate dumping incidents...no fines, no accountability...entire communities that live & die by fishing economies ruined for years. All so we can have just a little more teflon. It won't work out any better for CFPB. Honestly, the fact they fought it kinda tells you the CFPB was working better than they would like to actually protect citizens from these thieving corporations.
James P
James P - 2 days ago
@Hope Elliott You forgot the effort to 'reset' the 5 years by existing CFPB director Cordray via naming his own successor.
AZDuffman
AZDuffman - 2 days ago
Why would it not? Probably knows the financial industry. The people most against payday loans never needed money to make it a few days in their lives.
Hope Elliott
Hope Elliott - 2 days ago
James P *5 years
Next videos