Lobbyists Use GOP Debate Ads to Smear Agency Investigating Their Client
Viewers of the Fox Business Network-hosted Republican presidential debate this evening will repeatedly see an advertisement that casts a relatively obscure consumer protection agency as a power-hungry government office “controlling your decisions” and denying “those who need help the most.”
The advertisement portrays the Consumer Financial Protection Bureau as a roomful of bureaucratic automatons mercilessly stamping “DENIED” on loan applications, beneath Soviet-style banners depicting CFPB’s director, Richard Cordray, and its principal architect, Sen. Elizabeth Warren, D-Mass.
But the ad does not disclose that the group sponsoring it is led by lobbyists for Navient, a student loan company that the CFPB is currently investigating for allegedly cheating student loan borrowers.
Read more: https://theintercept.com/2015/11/10/navient-fox-debate/
