Consummer Financial Protection Bureau under attack

Within two months of Donald Trump returning to the White House, the president and his team had radically altered the direction of the Consumer Financial Protection Bureau. Instead of allowing the CFPB to champion the interests of American consumers, White House budget director Russell Vought scrapped the bureau’s enforcement cases and even took steps to give money back to a mortgage lender that had agreed to settle racial discrimination claims.
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the Consumer Financial Protection Bureau remains one of the best examples of progressive governance in the 21st century. From taking on banks to the student loan industry, payday lenders to mortgage companies, the bureau — an idea first championed by Democratic Sen. Elizabeth Warren of Massachusetts — has looked out for Americans’ interests since its inception.
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About a month ago, Reuters reported that Vought was moving forward with plans to shutter the CFPB...


Politico reported:

The Trump administration has formally determined the Consumer Financial Protection Bureau’s current funding mechanism is unlawful, a move that puts the agency on track to close in the coming months when its existing cash runs out. The decision, disclosed in a court filing late Monday, marks the administration’s most direct effort yet to dismantle the consumer watchdog and sets up a new front in the ongoing legal battle over its future. The administration said it now considers the CFPB legally barred from seeking additional money from the Federal Reserve, which is the agency’s typical source of funding.

https://www.msnbc.com/rachel-maddow-show/maddowblog/russell-vought-advances-plan-dismantle-consumer-financial-protection-b-rcna243455

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And they claim to be the party of working people! Bullshit!