Politics
Out of context: Reply #23591
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- BuddhaHat2
Trump Moves Closer To Gutting Elizabeth Warren’s Consumer Watchdog
http://www.huffingtonpost.com/en…... Trump met with former Rep. Randy Neugebauer (R-Texas) on Wednesday and is considering Neugebauer to run the CFPB, Trump spokesman Sean Spicer confirmed on a Thursday call with reporters.
A source close to the transition team told HuffPost that Neugebauer has yet to be offered the job, but that no other candidates are being looked at yet. HuffPost previously reported that Neugebauer’s name was being floated as agency chief if Trump decides to fire the current director, Richard Cordray.
When he was in Congress, Neugebauer opposed CFPB actions like the first-ever federal rule cracking down on payday loans. He labeled the agency’s effort to require payday lenders to take basic steps to ensure consumers can pay back their loans and not get trapped in a cycle of debt as a “paternalistic erosion of consumer product choices.” He introduced a bill to overhaul and weaken the agency.
...the CFPB has returned $12 billion to 27 million people caught up in various scams, passed pro-consumer rules on issues like mortgage disclosure, proposed a mandatory arbitration rule that is being finalized, and hit banks for conning customers into paying for expensive add-on products that don’t do much. The agency was central in exposing the large-scale checking and credit card fraud at Wells Fargo.
So much for economic populism.
- Wow Buddahat you didn't read the article did you??? He's not gutting the CFPB, he wants it to create better policies for the consumer.robotron3k
- Yes I did, and you are full of gigantic quantities of shit, robotard. He wants to make it better the same way Paul Ryan wants to make healthcare better for...BuddhaHat
- .. poor bastards like the dude with cancer that questioned him at the town hall. Paul Ryan would rather let him die, and Neugebauer would rather let business...BuddhaHat
- bend you over and go in dry.BuddhaHat
- they should dismantle the CFPB not change who runs it. Where did the majority of the 12 billion come from? It's a joke. Fake police. And lets thank it was********
- declared unconstutional in its power because we dont need ppl like warren or trump appointees abusing its powers********