Friday, July 31, 2020

Senator Warren grills CFPB head

The Consumer Financial Protection Bureau, which Warren set up under Obama, is designed to protect we the people from financial fraud. And yet the current head is destroying that mission. Warren shows that the CFPB has written rules that protect the mortgage companies from laws that were written to protect us. In addition, the CFPB is protecting credit card companies by not enforcing laws when a consumer files a credit report mistake.

The CFPB on both issues said that those laws can be circumvented as long as the companies provide a "good faith effort." Seriously, those vultures have any sense of such a thing? We know from experience that there is no such thing given the last financial crash. Their one and only goal is to make as much profit as possible and screw we the people in the process. Like every other agency in our current Disadministration, the goal is to destroy any and all protections for we the people and steal our tax dollars for corporations and the rich. This stinking swamp has got to stop. Vote!

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