Saturday, July 29, 2017

Elizabeth Warren's Pet Project Has Already Returned $12 Billion to Swindled Families—So Naturally Republicans Want It Dismantled | Alternet

Elizabeth Warren's Pet Project Has Already Returned $12 Billion to Swindled Families—So Naturally Republicans Want It Dismantled | Alternet

Less than a week after the Consumer Financial Protection Bureau celebrated its sixth anniversary, the Trump administration issued a decisive blow to the Bureau's latest progress regarding a key arbitrations rule, which it now aims to nullify.

For Republicans, the CFPB must be curtained like similar government agencies at the helm of President Trump's deregulation agenda. But the policies championed by the CFPB continue to greatly benefit the average American.

"The question is, why has [the CFPB] drawn so much fire from the Republicans in Washington?" asked CFPB founder Massachusetts Senator Elizabeth Warren at a press conference Tuesday with House Minority Leader Nancy Pelosi (D-CA). "Why is it that the banks and the financial services industry [are] after it day after day after day? I'll tell you the answer. It's because it works."

  

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