Elizabeth Warren has taught Katie Porter well, it seems. She absolutely destroyed Kathy Kraninger's show of ignorance about how payday loans work.
Judge Loretta Preska killed the CFBP in a two-page "opinion." Appeals will be filed.
Nice of him to spell it out!
"That's a pretty little bank you have there. Wouldn't want anything to happen to it."
Mick Mulvaney is a thug and a smartass, as he proved during his appearance (required by statute) before the House Financial Services committee.
Mulvaney was appearing as Acting Director of the CFPB and handmaiden of the banks that hate it.
Sit down, because you're probably going to have to read this twice.
There isn't an industry more predatory and in need of consumer protection than the payday lending industry. So of course, Mick Mulvaney helps them out.
Putting Mick Mulvaney in charge of the CFPB has been great for big business, but really bad for the Americans it's designed to protect.
Hey Goldman Sachs, wanna donut? How about a "get out of regulations" free card?
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