“Let's take a sec here and notice something genuinely great happening in the US government: the Consumer Finance Protection Bureau's stunning, unbroken streak of major, muscular victories over the forces of corporate corruption”
A seemingly rare optimistic post from @pluralistic deserves an appreciative read.
I've written a lot about Biden's excellent appointees, from his #NationalLaborRelationsBoard general counsel #JenniferAbruzzo to #ConsumerFinanceProtectionBureau chair #RohitChopra to #FTC Chair #LinaKhan to #DoJ #antitrust boss #JonathanKanter:
https://pluralistic.net/2023/09/14/prop-22-never-again/#norms-code-laws-markets
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This lobbyist then oversaw Trump's appointment of a #ConsumerFinanceProtectionBureau boss who deregulated payday lenders, opening the door to *triple digit* interest rates:
https://www.latimes.com/business/lazarus/la-fi-lazarus-cfpb-payday-lenders-20180119-story.html
To justify this, the payday loan industry found corruptible academics and paid them to write papers defending payday loans as "inclusive." These papers were secretly co-authored by payday loan industry lobbyists:
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CFPB Complaints About Bitcoin Rise With Price
#bitcoin #CFPB #ConsumerFinanceProtectionBureau
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