"Remarkably, most of the faithful CFPB employees have stayed doggedly on the job, even though they have been vilified and prevented from doing the work they were hired to do. "
Yes, notable and important, but please realize that all federal workers operating today did the same thing. First came the threats of firing. Then the ultimatum of "quit now or we'll fire you." Then the condescending "write us an email with 3 things you actually did this week." Then "they are all guilty of treason" somehow. Then taking away half of support staff to make the job harder, after Biden had just staffed up after the last time. And still the threat of job loss hangs over this federal worker household's heads.
Working in an environment in which the boss has stated he hates you and wants you to hurt? Thank you for your service and then some.
It's not just the purview of the CFPV that's going to help "affordability", nor is it Trump, who doesn't understand cause and effect of economic policies, or doesn't care. He made promises to lower prices and the result was a trickle of change - a few prices went down (for reasons beyond his bellowing) but more stayed the same or went up. Neither credit card or insurance companies are likely to reduce their rates (and profits). CEOs, board members and stockholders won't have it.
The 10% would be a smart and correct move by Trump...so don't count on it.
This idea will last as long as it takes Steven Miller or some other ghoul to point out that this will hurt profits for the issuers. That 29% is not usury, it's a feature built in to warn cardholders to be careful. Trump doesn't have the requisite brain power to understand that following through on this would mean at least a coveted couple point rise in his popularity polling.
"Remarkably, most of the faithful CFPB employees have stayed doggedly on the job, even though they have been vilified and prevented from doing the work they were hired to do. "
Yes, notable and important, but please realize that all federal workers operating today did the same thing. First came the threats of firing. Then the ultimatum of "quit now or we'll fire you." Then the condescending "write us an email with 3 things you actually did this week." Then "they are all guilty of treason" somehow. Then taking away half of support staff to make the job harder, after Biden had just staffed up after the last time. And still the threat of job loss hangs over this federal worker household's heads.
Working in an environment in which the boss has stated he hates you and wants you to hurt? Thank you for your service and then some.
Thanks for shining a light on the importance of the CFPB and the harm done by our current administration’s interfering with its protective function.
It's not just the purview of the CFPV that's going to help "affordability", nor is it Trump, who doesn't understand cause and effect of economic policies, or doesn't care. He made promises to lower prices and the result was a trickle of change - a few prices went down (for reasons beyond his bellowing) but more stayed the same or went up. Neither credit card or insurance companies are likely to reduce their rates (and profits). CEOs, board members and stockholders won't have it.
The 10% would be a smart and correct move by Trump...so don't count on it.
This idea will last as long as it takes Steven Miller or some other ghoul to point out that this will hurt profits for the issuers. That 29% is not usury, it's a feature built in to warn cardholders to be careful. Trump doesn't have the requisite brain power to understand that following through on this would mean at least a coveted couple point rise in his popularity polling.