Trump Administration Plans To Defang Consumer Protection Watchdog

[riversedge]

Source: npr




February 12, 20185:11 AM ET


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

Now, President Trump's interim appointee to run the bureau Mick Mulvaney is making radical changes to deter the agency from aggressively pursuing its mission.

An internal memo obtained by NPR says the CFPB will on Monday unveil a new strategic plan to that end. A "revised mission and vision of the bureau" for the years 2018 through 2022 will call upon the agency to "fulfill its statutory responsibilities but go no further." It also says the bureau should be "acting with humility and moderation."

This new direction is consistent with Mulvaney's other memos and statements and formalizes his plans for defanging the watchdog bureau and reshaping its mission, according to insiders and experts that NPR has talked to.


The CFPB is considered a powerful and independent watchdog. But many Republicans have wanted to shut it down since day one because they think it's too powerful. Mulvaney is one of them. As a congressman, Mulvaney called the agency a "sick sad joke." He drafted legislation to abolish it. So people at the bureau were shocked when the president appointed him to run this consumer protection agency..............................................

Read more: https://www.npr.org/2018/02/12/584980698/trump-administration-to-defang-consumer-protection-watchdog

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More downhill policies by Trump adm. damn



Director of the Office of Management and Budget Mick Mulvaney is also the interim director of the Consumer Financial Protection Bureau.
Carolyn Kaster/AP

[RKP5637]

1. One more move toward a dystopian society for America. And Trump's non-wealthy supporters think

he's their buddy, working for them. What damn fools/suckers.

[olegramps]

8. The Republican Party is rotten the core. They would make Hitler proud.

The people who will be hurt the most are the vary stupid people who voted for this abomination. They slit their own throats and its hard to feel any apathy for them.

[RKP5637]

10. Rubert Murdoch pushes/drives this hatred, lies and distortions in the US. Fox News has

spearheaded this movement to take down the US democracy. It really makes me often wonder why he is not taken to task on what he's trying to accomplish. Is is just for money or is there more to it. If this continues, and these individuals that lap this crap up don't wake up, I really fear the US is headed for some type of dystopian society.

They will suffer greatly, and then will be told it's Obama's fault or some stupid crap. I guess the midterms will tell us about the future of the US.

[olegramps]

11. The future of the nation may very well be dependent on the midterm elections.

I can't imagine how this situation can continue. It is unrestrained chaos. I am convinced that the plutocrats would welcome a complete destruction of the present situation. The wealthy are absolutely consumed with greed. The tax ripoff is just the start. Their proposed budget has one and only one objective bankrupt the government leading to their objective of the complete reversal of FDR social programs. Most especially these will be Social Security and the latter programs of Medicare and especially Medicaid. They are attacking every progressive legislation from basic medical care to the environment. They will not be happy until they create a society of the ultra-wealthy and the desperate poor. This scenario has been played time and again through out the history of mankind and is only interrupted when the destitute rise up in rebellion. Sadly the French knew there was only one solution, the guillotine.

[RKP5637]

12. IMO, as this continues, the country is headed toward succession of states, some type of civil war or

whatever at the worst. Those thinking this is all for them will eventually wake up and realize they have been screwed. And then it will be too late.

Just looking at the poorest states and all of the poverty in the US, this will be the future for millions and millions of Americans.

Frankly, I just don't get anymore WTF is wrong with so many Americans that they continue to be so willfully stupid. It's frightening. And, we now have a president and whomever else led by the nose by Putin. Hell, Trump won't even impose the sanctions against Russia overwhelmingly supported by congress. That, is very telling in itself. I've been around long enough to see this country in great desperation if this continues past the midterms.

Now, we have continued hacking by Russia into the election system and Trump sits on his ass and does nothing. A major WTF!

[videohead5]

2. Mulvaney

Is the biggest POS that has ever been in Washington...he is always talking about how the people on disability Social Security are not really disabled.

[turbinetree]

3. Unilateral kleptocracy............................

To all of the Russian trolls on this site and to your fucking sexual predator supporters and deplorable's who support a traitor, and criminal enterprise -------------FUCK YOU and the Horse you ride in on.

We are coming this November and and we will have investigations, mark my words, since the Paul "ayn rand" Ryan and the The Turtle McConnell will not hold anyone accountable, we are coming...........................the blue wave is coming.......................we have won thirty- five seats so far, and we are just starting..................no matter what you scum bags try to do................and what this self righteous POS is trying to do will be undone..................and what your fucking fascist party has done..............will be undone...................

Your fucking two Santa Claus theory----------will not work anymore...............Fuck You



November 2018 cannot get here fast enough

[YOHABLO]

5. and impeachment as well as prosecution procedures are on the table. !!

[turbinetree]

6. We are coming and when the seat flips in Pennsylvania this March, that will send these jerks into a

PANIC, they are going to really start pulling there hair out....................and run around screaming...................


I want jail time this go around, none of the crap that was pulled in 1972..................


November 2018 cannot get here fast enough

[DeminPennswoods]

4. The truth is no one actually working on cases cares

about the "mission statement" or "strategic plan". At my DoD command we went through strategic plans like water. Nothing really changed about the day-to-day business. I'm sure Mulvaney thinks what he's doing will effect operations, but it won't. Probably the only good thing about the new "strategic plan" was that top management was gone for a few weeks developing it.

[mahatmakanejeeves]

7. They'll open the doors and turn on the lights, but there won't be any power in the cubicles. NT

[ailsagirl]

9. Of course he is, the BASTARD