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Saturday, January 20, 2018

Fleecing Financial Consumers, Enabled By Trump

Reprinted with permission from Creators.

A circle in hell has been set aside for financiers who fleece ordinary folks. This hot place has long rung with demands of death to the agency that protects working Americans from their pillage. President Trump is on the case as he tries to kill the Consumer Financial Protection Bureau by putting its enemies in charge.

Established in the rubble of the economic meltdown, the bureau’s job is to go after the financial rackets that target the working class — abusive mortgages, student loans created to fail, credit card trickery and payday loans charging 400 percent annual interest.…

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