Monday, June 11, 2018

Mick Mulvaney insists on dismantling your consumer protection

Mick Mulvaney, the destroyer
The Consumer Financial Protection Bureau was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren. In July 2010 Congress made it official and President Barack Obama announced the appointment of then Richard Cordray as Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau to set up the new agency. After repeated GOP objections, Richard Cordray was eventually named acting Director; that was nixed but he would eventually become CFPB's first Director.

Through the years Republicans have done everything in their power to thwart the agency, and then Donald Trump on Nov. 25th of his first year as President described the CFPB as “a total disaster.” After repeated efforts to dismantle CFPB, he did the next best thing by nominating Mick Mulvaney as the interim director after Richard Cordray stepped down. True to form, Mulvaney has now dissolved the agency's Consumer Advisory Board. 
"It's quite clear that we've been fired," said Kathleen Engel, a law professor at Suffolk University and a member of the CFPB's Consumer Advisory Board.
NPR describes the group as, " The board is designed to help consumer groups work with the CFPB to identify problems facing Americans who are treated unfairly by financial firms." In other words, Mulvaney completely did away with the people who bring consumer problems to the forefront to be considered. It should also be noted here, "when he was in Congress, Mulvaney sponsored legislation to abolish the bureau." If Republicans had it their way the consuming public would have no avenue available on which to lodge a complaint against big business.

Here's what Ann Baddour, who chaired the board said...
"Firing the current CAPB members is another move indicating Acting Director Mick Mulvaney is only interested in obtaining views from his inner circle, and has no interest in hearing the perspectives of those who work with struggling American families."
The American public's rights could be in ruins if we don't get rid of the Oval Office lunatic soon.

Read more: Mick Mulvaney Effectively Fires CFPB Advisory Council
                   Trump Wants to Dismantle Elizabeth Warren's Agency. Good Luck With That.

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