straightUp Loc: California

https://www.nytimes.com/2017/02/09/us/politics/consumer-financial-protection-bureau-republicans.html?rref=collection%2Ftimestopic%2FConsumer%20Financial%20Protection%20Bureau&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=collection

So the latest Republican offense against the American people is the current attack on the Consumer Financial Protection Bureau (C.F.P.B.).

The C.F.P.B. is...
1. not funded by our taxes but by the private sector. (So, entirely capitalist).
2. designed to protect consumers against predatory business practices.
3. introduced as part of the Dodd-Frank Financial Reform Protection Act of 2010.

The attack...
1. is yet another executive order... this one allowing the president to replace the bureau’s director at any time. (government intrusion)
2. is also a legislative bill in the works to limit the bureau’s enforcement authority, reduce its ability to make rules AND... "repeal" its consumer complaint system.

Repeal it's consumer complaint system?
Really?
So now we can't even complain? We can't be heared? Is that how this this thing is supposed to work?
I'm asking the Trump supporters... 'cause no one else can figure out why you voted for him.

Mike Papa

I don't rember oboma care being voted on! dodd-frank give me a brake!

funguy1949

Another liberal rag BS talking lies Prove it dickhead.

Rivers

Get a life loser libturd....better yet, get an education. Moron.

archie bunker Loc: Texas

Go to consumerfinance.gov.

This is pure bullshit. The CFPB is a government agency.

reconreb Loc: America / Inglis Fla.

#1 reason to vote for Trump .. so many to chose from but Those like you hate him . and that's good enough for me ,,

Docadhoc Loc: Elsewhere

Where are you on.immigration?

straightUp Loc: California

You don't "rember" "oboma care" being voted on?

I do.
I guess you were busy with your head up your ass.


A "brake"? Why don't you just take your car in to the shop? They can give you brakes. I just hope your literate enough to at least read the street signs.

straightUp Loc: California

Prove what? The executive order?

https://www.whitehouse.gov/the-press-office/2017/02/03/presidential-executive-order-core-principles-regulating-united-states

There's your proof.


Oh, THAT's intelligent.


I didn't say it wasn't... Still, it really depends on what you're calling a government agency... The government frequently establishes non-government entities, including every private corporation established in the U.S. which can't be done without a government charter. Sometimes government agencies are set up to be as independent from government control as possible. Dodd-Frank set the CFPB up to be funded and run by the Federal Reserve, which means it's not funded by tax dollars and it's not controlled directly by the government. But that's one of the things the Republicans want to change. Trump’s nominee to head the Treasury Department, said during his confirmation hearing... "the consumer protection bureau, created by Dodd-Frank, should cease to be funded by the Federal Reserve and should instead be funded through Congress" (That quote is in the article I posted.)

Clearly, the Trump Ministry is trying to take control of that bureau.


Yeah, I kind of figured it's something stupid like that.

straightUp Loc: California

What does that have to do with consumer protection?

archie bunker Loc: Texas

If that bureau is in control of the fed it needs to go. The people working there make more than congress, and do nothing but help the rich get richer.

lpnmajor Loc: Arkansas

Yep, just like the Whitehouse comment line was shut down...so Trump could claim he didn't hear from anyone objecting to the Dakota access pipeline. Do things in the dark and hope nobody finds out, keep everyone quiet...and compliant. I'm sure many staunch conservative republicans will begin howling themselves, when their banking fees double, credit card fees and interest skyrockets and a whole slew of hidden charges start showing up. I'd say they deserve it, if it wasn't for the rest of us having to suffer too.

archie bunker Loc: Texas

So don't use banks, or credit cards. Simple.

lpnmajor Loc: Arkansas

Yep, let 'em screw the uninformed.

straightUp Loc: California

Well, I never said that bureau is in control of the Fed - I said it was set up to be funded by the Fed. And yes, many of the key players in the Fed *do* make more money than the lawmakers in Congress. (I always thought it was the communists that have a problem with the money people make.)

In case you didn't know, this isn't a clear-cut issue for me. I have always been suspicious of watch dogs assigned to watch their own kind. So I'm not entirely against the idea of pulling the bureau into the fold of government control, but what concerns me is that the Republicans are currently in control of the government... They already have a well-known history of helping the 1% at the expense of the 99% and with respect to this particular issue, the language very clearly enforces that reputation.

Why not just take it over? What's the point of reducing it's power, if not to allow predatory business practices again? What's the point in "repealing" the complaint system if not to silence the American consumers?

Honestly... I'm listening Archie... Please tell me how taking away our protection from predatory business practices helps us. Please explain to me how we will be better off without the ability to even complain when we get screwed.

Please don't just call me a libturd, or a dickhead like some of the other's here - that doesn't serve any purpose (I don't even get offended). Think about what I'm asking and if you have a real answer... I really would like you to share it.