CFPB: The Republican Assault Upon Consumers' Rights

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By B.See
20 Oct 2022 9:30 am in No Holds Barred Political Forum
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B.See
20 Oct 2022 9:30 am
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The Consumer Financial Protection Bureau, the brainchild of Elizabeth Warren and an agency created for the protection of the American consumer, was empowered in ways that were designed to isolate it from political influence.   

Both of which were REASON ENOUGH, apparently, for Republicans and their deep pocket lobbyist in the banking and financing sectors to revile it like the PLAGUE, working incessantly from its very inception to undermine and hobble an agency whose work had benefited tens of thousands of consumer victims of predatory lending, mortgage and finance practices, etc. 

When Donald Trump effectively shut the bureau down via the appointments of puppet "acting" directors like Mick Mulvaney who immediately fired the entire advisory board, their work on behalf of consumers (like consent decrees also did under Trump's AG) dropped to virtually NIL. 

Now the CFPB's very existence has fallen into question due to a recent ruling by yet another judicial arm of the MAGA right - that "good ol' boy" 5th Circuit I'd written about in my pg thread on "Conservative Courts."

Yet one more example of THE GREATEST CON IN AMERICAN HISTORY

U.S. consumer protection watchdog's funding unconstitutional, court rules | Reuters
 
 
 
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roadkill
20 Oct 2022 9:37 am
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B.See » 20 Oct 2022, 9:30 am » wrote: The Consumer Finance Protection Bureau, the brainchild of Elizabeth Warren and an agency created for the protection of the American consumer, was empowered in ways that were designed to isolate it from political influence.   

Both of which were REASON ENOUGH, apparently, for Republicans and their deep pocket lobbyist in the banking and financing sectors to revile it like the PLAGUE, working incessantly from its very inception to undermine and hobble an agency whose work had benefited tens of thousands of consumer victims of predatory lending, mortgage and finance practices, etc. 

When Donald Trump effectively shut the bureau down via the appointments of puppet "acting" directors like Mick Mulvaney who immediately fired the entire advisory board, their work on behalf of consumers (like consent decrees also did under Trump's AG) dropped to virtually NIL. 

Now the CFPB's very existence has fallen into question due to a recent ruling by yet another judicial arm of the MAGA right - that "good ol' boy" 5th Circuit I'd written about in my pg thread on "Conservative Courts."

Yet one more example of THE GREATEST CON IN AMERICAN HISTORY

U.S. consumer protection watchdog's funding unconstitutional, court rules | Reuters
Is that the same Elizabeth Warren who took advantage of the elderly and flipped their houses for a profit?  

Consumer Rights?   Yeah...right.   lol
 

"Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortune…‘Flipping’ Foreclosed Homes"


https://news.yahoo.com/news/harsh-forec ... 08111.html
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B.See
20 Oct 2022 10:00 am
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roadkill » 20 Oct 2022, 9:37 am » wrote: Is that the same Elizabeth Warren who took advantage of the elderly and flipped their houses for a profit?  

Consumer Rights?   Yeah...right.   lol

"Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortune…‘Flipping’ Foreclosed Homes"

https://news.yahoo.com/news/harsh-forec ... 08111.html
So what? She was in the flipping business. Cable TV is replete with shows featuring people who FLIP HOMES FOR PROFIT.  That's the whole IDEA of it.  Nowhere in the article does it suggest she'd done anything illegal, or predatory.

I'm certain a conservative such as yourself, who apparently has NO problem with companies making record profits during a pandemic and an oil price hike wouldn't begrudge her THAT.
 
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sole
20 Oct 2022 10:41 am
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Buying a faith is a buyer beware situation by those willing to give away their time biologically here to rent a social narrative to feel larger than genetically displaced.

but never will exceed being biologically alive now never same form as arrived fertilized cell evolving forward as specifically performing a reality on the world stage protecting their chosen theater of reasonable doubt there never was a [point the universe became perpetual balancing outcomes only evolving forward one at a time now..
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roadkill
20 Oct 2022 10:43 am
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B.See » 20 Oct 2022, 10:00 am » wrote: So what? She was in the flipping business. Cable TV is replete with shows featuring people who FLIP HOMES FOR PROFIT.  That's the whole IDEA of it.  Nowhere in the article does it suggest she'd done anything illegal, or predatory.

I'm certain a conservative such as yourself, who apparently has NO problem with companies making record profits during a pandemic and an oil price hike wouldn't begrudge her THAT.
If she was a repub with all her fakeness you would be attacking her right now.

BTW...you still haven't given us proof against Trump.  Cause yer a liar and a jerk-off.    Image  
 
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roadkill
20 Oct 2022 10:52 am
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B.See » 20 Oct 2022, 10:00 am » wrote: So what? She was in the flipping business. Cable TV is replete with shows featuring people who FLIP HOMES FOR PROFIT.  That's the whole IDEA of it.  Nowhere in the article does it suggest she'd done anything illegal, or predatory.

I'm certain a conservative such as yourself, who apparently has NO problem with companies making record profits during a pandemic and an oil price hike wouldn't begrudge her THAT.

Maybe you'd find yer conscience if you read the headline again...


"Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortune…‘Flipping’ Foreclosed Homes"
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B.See
20 Oct 2022 11:18 am
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roadkill » 20 Oct 2022, 10:52 am » wrote: Maybe you'd find yer conscience if you read the headline again...

"Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortune…‘Flipping’ Foreclosed Homes"
I read the headline the FIRST time, champ. Sounds like she bought foreclosed homes, flipped them, and sold them for profit, and helped some of her relatives make a little cash as well. Big whoop.

Far be it for YOU, who hasn't said a ------- thing about your savior TRUMP and his entire criminal life of bilking associates, ducking obligations via bankruptcy, fraudulent charities, fundraisers, and universities, and vastly overcharging his own secret service detail for room and board at his properties.to deign to tell ME about "conscience" bub.

BOTTOM LINE, the GOP never gave a flying **** about the consumer, middle class Americans, OR the working poor.
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roadkill
20 Oct 2022 11:27 am
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B.See » 20 Oct 2022, 11:18 am » wrote: I read the headline the FIRST time, champ. Sounds like she bought foreclosed homes, flipped them, and sold them for profit, and helped some of her relatives make a little cash as well. Big whoop.

Far be it for YOU, who hasn't said a ------- thing about your savior TRUMP and his entire criminal life of bilking associates, ducking obligations via bankruptcy, fraudulent charities, fundraisers, and universities, and vastly overcharging his own secret service detail for room and board at his properties.to deign to tell ME about "conscience" bub.

BOTTOM LINE, the GOP never gave a flying **** about the consumer, middle class Americans, OR the working poor.

She charge her relatives high interest rates.
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B.See
20 Oct 2022 11:45 am
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roadkill » 20 Oct 2022, 11:27 am » wrote: She charge her relatives high interest rates.
If I recall correctly at the time 9.5% wasn't a high rate and they made money off the deal. Not as high a rate as some credit card companies would TRY to charge if not for the work of the CFPB.  But hey, keep on trying to deflect and make excuses for the wealthy, elitist enabling GOP YOU support.

In one thread you devoted MORE space to criticizing one woman than you EVER have in criticizing all the **** Trump and his band of GRIFTERS have pulled...EVER.  Quite telling.
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sole
20 Oct 2022 11:50 am
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B.See » 20 Oct 2022, 11:45 am » wrote: If I recall correctly at the time 9.5% wasn't a high rate and they made money off the deal. Not as high a rate as some credit card companies would TRY to charge if not for the work of the CFPB.  But hey, keep on trying to deflect and make excuses for the wealthy, elitist enabling GOP YOU support.

In one thread you devoted MORE space to criticizing one woman than you EVER have in criticizing all the **** Trump and his band of GRIFTERS have pulled...EVER.  Quite telling.
Was the 9.5% compounding rate daily, weekly, monthly, seasonally/quarterly, solstice/semiannual, annually? each yields a completely separate total sum.
It is kind of like taxing a dollar by earning and spending both uses of currency always paying the government more than individuals keep.
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sole
20 Oct 2022 11:52 am
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oops, editing created a double post.
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FOS
20 Oct 2022 3:56 pm
FOS
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B.See » 20 Oct 2022, 9:30 am » wrote: The Consumer Financial Protection Bureau, the brainchild of Elizabeth Warren and an agency created for the protection of the American consumer, was empowered in ways that were designed to isolate it from political influence.   

Both of which were REASON ENOUGH, apparently, for Republicans and their deep pocket lobbyist in the banking and financing sectors to revile it like the PLAGUE, working incessantly from its very inception to undermine and hobble an agency whose work had benefited tens of thousands of consumer victims of predatory lending, mortgage and finance practices, etc. 

When Donald Trump effectively shut the bureau down via the appointments of puppet "acting" directors like Mick Mulvaney who immediately fired the entire advisory board, their work on behalf of consumers (like consent decrees also did under Trump's AG) dropped to virtually NIL. 

Now the CFPB's very existence has fallen into question due to a recent ruling by yet another judicial arm of the MAGA right - that "good ol' boy" 5th Circuit I'd written about in my pg thread on "Conservative Courts."

Yet one more example of THE GREATEST CON IN AMERICAN HISTORY

U.S. consumer protection watchdog's funding unconstitutional, court rules | Reuters

GOOD! **** consumer rights. I hope every consumer **** dies.
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Pastafarian
20 Oct 2022 4:02 pm
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B.See » 20 Oct 2022, 10:00 am » wrote: So what? She was in the flipping business. Cable TV is replete with shows featuring people who FLIP HOMES FOR PROFIT.  That's the whole IDEA of it.  Nowhere in the article does it suggest she'd done anything illegal, or predatory.

I'm certain a conservative such as yourself, who apparently has NO problem with companies making record profits during a pandemic and an oil price hike wouldn't begrudge her THAT.
The legit factor throw him off. He’s used to his dear leader getting away with actual corruption. 

Roadkkll is a cultist retard. 

 
 
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B.See
22 Oct 2022 8:48 pm
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B.See » 20 Oct 2022, 11:45 am » wrote: If I recall correctly at the time 9.5% wasn't a high rate and they made money off the deal. Not as high a rate as some credit card companies would TRY to charge if not for the work of the CFPB.  But hey, keep on trying to deflect and make excuses for the wealthy, elitist enabling GOP YOU support.

In one thread you devoted MORE space to criticizing one woman than you EVER have in criticizing all the **** Trump and his band of GRIFTERS have pulled...EVER.  Quite telling.
@roadkill  Is the best you can do by way of a response is to downgrade it so it can't be read? Silly bitch.
 
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B.See
22 Oct 2022 8:51 pm
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The Trumpiest Federal Appeals Court Did Something Truly Beyond the Pale

"The 5th U.S. Circuit Court of Appeals has mounted a relentless assault on the federal government’s ability to function for a number of years now. After Donald Trump stacked the bench with Federalist Society stalwarts, its new far-right majority attempted to destroy Obamacare, overrule the military chain of command, paralyze the Biden administration—in short, to prevent the democratic branches from governing the country. The 5th Circuit’s latest salvo came on Wednesday, when three Trump appointees held that the Consumer Financial Protection Bureau is unconstitutional and struck down its enforcement authority. Their contradictory, incoherent decision may well be too extreme even for this Supreme Court."

(note to last statement in the excerpt above: I WOULDN'T COUNT ON IT)

MEANWHILE, SURPRISE SURPRISE:

Judge who ruled against CFPB took thousands in Wall Street campaign cash: Watchdog 
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B.See
28 Feb 2023 2:01 am
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As I've said here (and on numerous occasions in other forums - yes, there are other forums) Republicans (or in its current cult the MAGA Party) has LONG been trying to undermine the Consumer Financial Protection Bureau, because it does good things on behalf of CONSUMERS - instead of the MAGA'S fat cat corporate interests and banks.

So it came as NO surprise that the radically reich kkangaroo kourt of the 5th Circuit held true to their... creed... in ruling that an organization that had done great things on behalf of CONSUMERS (emphasis on the HAD... before Donald Trump sabotaged the agency) was "unconstitutional."

Now it's up before the equally radically right SCOTUS. Note, the author of the article cited below seemed optimistic that this development is "actually good news" - thinking the SCOTUS will rule in favor of America's CONSUMERS.

I, on the other hand, wouldn't BET on it:

The Supreme Court will decide if a whole federal agency is unconstitutional, in CFPB v. Community Financial Services - Vox   Last October, an especially right-wing panel of the United States Court of Appeals for the Fifth Circuit effectively declared the entire Consumer Financial Protection Bureau unconstitutional. On Monday, the Supreme Court announced that it will review this decision.

 
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Skans
24 Apr 2023 3:57 pm
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B.See » 20 Oct 2022, 9:30 am » wrote: JOE BIDEN AND THE DEMOCRATS ASSAULT CONSUMER RIGHTS EVERY TIME THEY OVER-REGULATE GUNS, AMMO, RIFLES, AND OTHER CONSTITUTIONALLY PROTECTED ARMAMENT.
 
FIFY.  Democrats offend me.  And, y'all smell like donkey-****.
 
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B.See
27 Sep 2023 12:53 pm
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The Consumer Financial Protection Bureau, the brainchild of Elizabeth Warren and an agency created for the protection of the American consumer, was empowered in ways that were designed to isolate it from political influence.

Both of which were REASON ENOUGH, apparently, for Republicans and their deep pocket lobbyist in the banking and financing sectors to revile it like the PLAGUE, working incessantly from its very inception to undermine and hobble an agency whose work had benefited tens of thousands of consumer victims of predatory lending, mortgage and finance practices, etc.

When Donald Trump effectively shut the bureau down via the appointments of puppet "acting" directors like Mick Mulvaney who immediately fired the entire advisory board, their work on behalf of consumers (like consent decrees also did under Trump's AG) dropped to virtually NIL.

Now the CFPB's very existence has fallen into question due to a ruling by a judicial arm of the MAGA right - that "good ol' boy" 5th Circuit Court, and renewed attack of late:

THE SO-CALLED PARTY OF THE PEOPLE AGAIN TRYING TO GUT AN AGENCY THAT HAS PROTECTED CONSUMERS:

Payday lenders want Supreme Court to gut the CFPB. They paid $200 million in fines to regulators, records show. - MarketWatch

The lawsuit is part of a broader effort by forces aligned with the Republican Party to rein in the power of independent regulators like the CFPB, the Securities and Exchange Commission and the Environmental Protection Agency.

In July, more than 130 Republican members of Congress signed an amicus brief supporting the legal case against the CFPB, arguing that the Dodd-Frank financial reform law that created the agency “included a panoply of provisions designed to insulate the agency as much as possible from Congress’ ordinary appropriations processes.”

 
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Fat Checker
27 Sep 2023 1:30 pm
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you assault little children

repent now
19 posts • Page 1 of 1

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