Great step forward. Now eliminate debit card overdrafting and those fees.
The U.S. Chamber of Commerce said it would be filing a lawsuit against the CFPB "to prevent this misguided and harmful rule from going into effect.”
Don’t hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically.
Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.
Disappointed in the comments here so far. There’s a cardinal rule of improv that also works well for many other things in life, politics included: “yes, and”.
This is a great change that will save folks money and make the country just a little bit fairer. Celebrate that, and then use the momentum to push for more. This builds alliances and a shared vision, instead of devolving into petty squabbles around direction.
Full disclosure: Trump bad! Biden GOOD!
You’re disappointed but personally, it’s hard NOT to feel a great deal of schadenfreude when:
the guy who, for his entire career, has openly accepted bribes in exchange for legislation that is economically violent toward his own constituents now presumably wants the exact same constituents he sold out to vote for him
and is using small, meaningless crumbs to gain that vote when he could have just NOT ENABLED A GENOCIDE.
If this situation doesn’t make you a true believer about there being no hope, I honestly don’t know what will. I lost hope in 2016 and have just been laughing through the bullshit since then. It’s exactly as real as pro wrestling at this point.
Full disclosure: Trump bad! Biden good!
Impressive considering he reports directly to MBNA.
The article misrepresents it a bit because he didn’t just back it. He actually WROTE that bill.Don’t forget this article:
How Joe Biden helped build a financial system that’s great for Delaware banks and terrible for the rest of us.
https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/
Full disclosure: Trump bad! Biden good!
I think people are downvoting you because you didn’t start with that disclosure.
