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skates like Eck
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The Ministries of the Other Side of Alice in Wonderland's Looking Glass
Ministry of Consumer Abuse
Consumer Financial Protection Bureau under Donald John IQ#45 has been converted into the Financial Protection Bureau for Corporations
April 27, 2018
Mulvaney has dropped a predatory lending lawsuit.
He has said that he is reconsidering a payday lending rule.
He has also said he may shut down public access to a
popular database customers use to file complaints
against financial firms.
https://www.npr.org/sections/thetwo...mer-chief-you-owe-the-public-straight-answers
Mick Mulvaney
Show Mick the Money!
Tuesday, in remarks delivered at a conference in Washington before an audience of some 1,300—that's one thousand three hundred—banking-industry types, Consumer Financial Protection Bureau director Mick Mulvaney said the quiet part out loud.
From The New York Times:
“We had a hierarchy in my office in Congress,” [said] Mr. Mulvaney, a former Republican lawmaker from South Carolina... “If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.”
Mr. Mulvaney received nearly $63,000 from payday lenders for his congressional campaigns.
Mulvaney—drawing on his personal experience with legislative corruption—also makes clear that their voices won't actually be heard unless the speaker does a little something else, too.
In the pay-to-play system he describes, the merits of a given idea are irrelevant. Financial contributions are a necessary condition for participation in the policymaking process.
https://www.gq.com/story/mick-mulvaney-lobbyist-brag
It’s hard to imagine a senior official in another administration boasting about what is effectively extortion of lobbyists. He is certain that he would never be punished for confessing it was his practice to sell out democracy — and his constituents’ interests (if they didn’t coincide with the paying lobbyists). And that certainty is well-founded in an administration that regards ethical rules as nuisances to be avoided.
It was the pay-for-play mentality that Trump ran against in 2016. His “drain the swamp” talk was, like so much else, nothing more than a bumper-sticker phrase aimed at gullible voters.
https://www.washingtonpost.com/blog...e-shame/?noredirect=on&utm_term=.31ab01909829
Mick Mulvaney has time for the folks, back home.
There are voters, in South Carolina, North Carolina, and Virginia that have a great deal of money, and a great deal of "just the right kind of influence."
Why Mick Mulvaney might shut down consumer access
RNOLD: Right. I talked to Karl Frisch today. He's with the group Allied Progress. It's a consumer advocacy group. He is not happy about this.
KARL FRISCH: Daylight is a great disinfectant. And, you know, the American people have a right to know when tens of thousands of their fellow citizens are complaining about a financial institution. For example, the CFBP received tens of thousands of complaints about Wells Fargo, and that issue is now being resolved.
ARNOLD: We should be clear here that Mulvaney says he'll keep the database running for the bureau's investigators, but he's considering closing off public access to the complaints. And Frisch says, though, that that would be bad because academics, journalists, consumer groups like his - they should be able to have access to this information, too.
http://wvpublic.org/post/cfpb-chief...id-database-complaints-against-banks#stream/0
Pesky consumers have given Wells Fargo a pain in the wallet. Wells Fargo may have taken their money in fraudulent ways, but Wells Fargo needed that money. Too many safety features built into the law. Lawyers are expensive. The "good friends" of Wells Fargo can only do so much for them. The fines must be paid, and that ties up their cash flow, temporarily, until the public stops paying attention.
Ministry of Consumer Abuse
Consumer Financial Protection Bureau under Donald John IQ#45 has been converted into the Financial Protection Bureau for Corporations
April 27, 2018
Mulvaney has dropped a predatory lending lawsuit.
He has said that he is reconsidering a payday lending rule.
He has also said he may shut down public access to a
popular database customers use to file complaints
against financial firms.
https://www.npr.org/sections/thetwo...mer-chief-you-owe-the-public-straight-answers
Mick Mulvaney
Show Mick the Money!
Tuesday, in remarks delivered at a conference in Washington before an audience of some 1,300—that's one thousand three hundred—banking-industry types, Consumer Financial Protection Bureau director Mick Mulvaney said the quiet part out loud.
From The New York Times:
“We had a hierarchy in my office in Congress,” [said] Mr. Mulvaney, a former Republican lawmaker from South Carolina... “If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you.”
Mr. Mulvaney received nearly $63,000 from payday lenders for his congressional campaigns.
Mulvaney—drawing on his personal experience with legislative corruption—also makes clear that their voices won't actually be heard unless the speaker does a little something else, too.
In the pay-to-play system he describes, the merits of a given idea are irrelevant. Financial contributions are a necessary condition for participation in the policymaking process.
https://www.gq.com/story/mick-mulvaney-lobbyist-brag
It’s hard to imagine a senior official in another administration boasting about what is effectively extortion of lobbyists. He is certain that he would never be punished for confessing it was his practice to sell out democracy — and his constituents’ interests (if they didn’t coincide with the paying lobbyists). And that certainty is well-founded in an administration that regards ethical rules as nuisances to be avoided.
It was the pay-for-play mentality that Trump ran against in 2016. His “drain the swamp” talk was, like so much else, nothing more than a bumper-sticker phrase aimed at gullible voters.
https://www.washingtonpost.com/blog...e-shame/?noredirect=on&utm_term=.31ab01909829
Mick Mulvaney has time for the folks, back home.
There are voters, in South Carolina, North Carolina, and Virginia that have a great deal of money, and a great deal of "just the right kind of influence."
Why Mick Mulvaney might shut down consumer access
RNOLD: Right. I talked to Karl Frisch today. He's with the group Allied Progress. It's a consumer advocacy group. He is not happy about this.
KARL FRISCH: Daylight is a great disinfectant. And, you know, the American people have a right to know when tens of thousands of their fellow citizens are complaining about a financial institution. For example, the CFBP received tens of thousands of complaints about Wells Fargo, and that issue is now being resolved.
ARNOLD: We should be clear here that Mulvaney says he'll keep the database running for the bureau's investigators, but he's considering closing off public access to the complaints. And Frisch says, though, that that would be bad because academics, journalists, consumer groups like his - they should be able to have access to this information, too.
http://wvpublic.org/post/cfpb-chief...id-database-complaints-against-banks#stream/0
Pesky consumers have given Wells Fargo a pain in the wallet. Wells Fargo may have taken their money in fraudulent ways, but Wells Fargo needed that money. Too many safety features built into the law. Lawyers are expensive. The "good friends" of Wells Fargo can only do so much for them. The fines must be paid, and that ties up their cash flow, temporarily, until the public stops paying attention.
