America’s consumer financial sheriff is under fire

Source: David Reiss, The Hill

The impacts of legislation called the Financial Choice Act on consumers will be immediate and harmful. It will gut the Consumer Financial Protection Bureau and return us to the Wild West days of the early 2000s where predatory lenders could prey on the elderly and the uneducated, knowing that there was no sheriff in town to stop ‘em. The bad guys will know that the sheriff has been undercut by its masters, its guns loaded with blanks.

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