The Consumer Protection Bureau Promises to Act with "Humility" and "Moderation"

Discussion in 'The War Room' started by luckyshot, Feb 12, 2018.

  1. luckyshot

    luckyshot VP of the ENTIRE WR

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    Geez, I don't know about you, but this is just the sort of tough talk I want from an agency created to protect you and me from the effects of predatory financial practices.

    The Consumer Financial Protection Bureau was created after the financial crisis to protect Americans from being ripped off by financial firms.



    Hooray! BTFO, Consumers!

    [​IMG]
     
    Last edited: Feb 12, 2018
  2. ChainFlow

    ChainFlow Brown Belt

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    Protecting the proles from the wealthy is the very last thing he wants to happen.

    They don’t even want it to fulfill its statutory responsibilities, that’s BS. Dropping the Equifax investigation should be all the proof anyone needs that the Trump admin has zero interest in doing anything that hurts a big corporation by protecting normal people.
     
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  3. computer fogie

    computer fogie Senior Moderator Senior Moderator

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    Only someone who hates the US could support this. It's a disaster
     
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  4. Rod1

    Rod1 Titanium Belt

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  5. Rod1

    Rod1 Titanium Belt

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    If you get conned, you deserve to be conned.

    Trump University did nothing wrong.
     
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  6. luckyshot

    luckyshot VP of the ENTIRE WR

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    Always such a strange lack of Trumpets in threads like these...
     
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  7. Falsedawn

    Falsedawn destroy Platinum Member

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    At least let them finish jerking it first.
     
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  8. Renard

    Renard Brown Belt

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    I don't think Trump is sitting there cunningly scheming about ways he can screw people. I think he's out playing golf, and has left much of the work of his entire administration to minions in the republican party - who unsurprisingly, are acting out their donors' wet dreams.
     
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  9. ChainFlow

    ChainFlow Brown Belt

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    Who appointed Mulvaney (who publicly advocated for the destruction of the CFPB) to run it, again?
     
  10. whougonnacall

    whougonnacall Silver Belt

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    Thats nice
    Except we donw want u to be moderate motherfuckers
    We want u to be the premier agency in goverment given ypu protect us from what actualy fucking matters!
    Slice away the budget for the childish war on drugs and a few hundred million from the overbloated military budget and bulk this dept up not cut it down!
     
  11. Hit-N-Run

    Hit-N-Run Brown Belt

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    Trump Supporter: "Great move, the CFPB is big government stealing our freedoms!!!"
    Big Finance/Corporations: "Keep the lube to the side, we're going to fuck over the entire economy to enrich ourselves like we did in 2008!"
    Reality: Crash in the economy where millions lose their savings and retirement
    Trump Supporter: "Obama!!! Hillary!! Derp!!!"
     
  12. Sohei

    Sohei Too swole to control

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    The sweet smell of oligarchy.....

    Lol why would a government agency need to act with humility?
     
  13. trident

    trident Water Belt Yellow Card

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    Imagine a police department saying that
     
  14. Rod1

    Rod1 Titanium Belt

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    They are waiting for the spin council to come up with something.
     
  15. luckyshot

    luckyshot VP of the ENTIRE WR

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  16. Oblivian

    Oblivian Aging Platinum Member

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    My industry is molded by the CFPB and their regulations, and it's a joke. I'd say every client that walks through here has a good $150-$200 extra on their bill due to their regulations. It's a highly funded division, and honestly, I don't think it's very effective. At least not when it comes to real estate and mortgages.
     
  17. ChainFlow

    ChainFlow Brown Belt

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    Which regulations? By what mechanism do they raise the price paid by consumers? Is that extra total or monthly?

    Oh, and:
    https://www.reuters.com/article/us-...n-u-s-mortgage-fraud-settlement-idUSKCN0VC1KO

    Considering the massive amounts of mortgage frauds and abuses perpetrated in your industry, do you think consumers would be better off without regulation and prosecution of bad actors? Or are you arguing for stronger regulations (the opposite move of Mulvaney)?
     
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  18. TheComebackKid

    TheComebackKid Titanium Belt

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  19. Black Helicopters

    Black Helicopters Double Yellow Card Double Yellow Card Yellow Card Banned

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    Well, what are the results, how effective are they?
     
  20. HatchetHarry

    HatchetHarry Banned Banned

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    Sounds like we are going to save some unnecessary tax dollars here. People need to take responsibly for their own financial decisions and do their own research. Today with the internet and the wealth of information at our fingertips there isn’t any excuse not to be informed.

    What do people need protection against? Life is that complicated. Get a mortgage from a reputable lender, invest with someone like Vanguard, don’t live off credit = road to success
     

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