Mick Mulvaney fires all 25 members of consumer watchdog’s advisory board

Wait we have a consumer watchdog advisory board?

Wut?

Wapo

Revamping the board is part of the CFPB’s new approach to reaching out to stakeholders to “increase high quality feedback,” the bureau said in an email to the group. The CFPB will hold more town halls and roundtable discussions, the letter said, and the new CAB will have fewer members.

Thank god! They have obviously not done their job!!

The panel has traditionally played an influential role in advising the CFPB’s leadership on new regulations and policies. But some members, who include prominent consumer advocates, academics and industry executives, began to complain that Mulvaney was ignoring them and making unwise decisions about the agency’s future.

How much you wanna bet everyone single one of them has nice little offshore accounts they can access at anytime, or better yet... a corporate black card... here use it for whatever ya want.

Open Secrets

During a House hearing entitled “Short-term, Small Dollar Lending: The CFPB’s Assault on Access to Credit and Trampling of State and Tribal Sovereignty,” Scott, a Democrat, joined with Republicans in criticizing the Consumer Financial Protection Bureau, which is in the early stages of drafting rules to regulate some of the practices of the payday loan industry.

And with his attack — lifted a little too literally from text written by a lobbyist for the lenders — Scott was taking the side of an industry that has given him more than $72,000 since his election to the House in 2002. The bulk of that money was contributed during the Great Recession, which prompted lawmakers to develop the Dodd-Frank Act and rein in predatory lending practices to consumers. In 2008, as the global financial crisis came to a head, the payday loan industry gave Scott more than $17,000, as shown in the table below.

Will you look at that, public officials lobbying for corporate interest. Go figure huh? I bet the Democrat's will try to make this look like it's the end of the world right????

Right?????

Fascism is defined as government (public sector) being manipulated by corporations (private sector). This style of governance is the greatest threat to our nation. Thank you for helping to bring this to light.

a reply to: toysforadults

Only $70k!?
I'm not sure which is worse. Getting sold out or getting sold out for so little.

originally posted by: cooperton
Fascism is defined as government (public sector) being manipulated by corporations (private sector). This style of governance is the greatest threat to our nation. Thank you for helping to bring this to light.

The education system plays a crucial role in this behavior perpetuating. It blows me away seeing people cheer on this corporate fascism .

a reply to: watchitburn

Those hoes is cheap!!

The Consumer Financial Protection Bureau was set up by corrupt U.S. Senator Pocahontas.

Thanks to CFPB mastermind Sen. Elizabeth Warren, the corrupt setup of the agency in effect turned it into a massive source of funding for left-wing groups.

Source (Jan 2018): www.investors.com...

And guess who is complaining the LOUDEST today?

"This is what happens when you put someone in charge of an agency they think shouldn't exist!" Democratic Senator Elizabeth Warren of Massachusetts said in a statement. "Mick Mulvaney has no intention of putting consumers above financial firms that cheat them."

Source: money.cnn.com... (Beware. Cookie and Ad-heavy site.)

a reply to: carewemust

Not fun being EW today.

Her entire life's work is dwindling away and becoming an ant hill.

✴️

Let me tell you about "advisory panels." I had the "pleasure" of serving on the Advisory Panel to the Public Counsel of the State Attorney General's office for several years. The role of the Pubic Counsel was to take the consumer's side in rate hearings involving (chiefly) telecommunications (Ma Bell), but also electricity, garbage, and even moving companies, all of which are regulated. The reason I was selected to be on this panel was because I started and ran the largest public ISP in my state. The "Advisory Counsel" was set up to provide "public input" to the governmental decision-making process. The quarterly public meetings usually consisted of a presentation by an industry group representative followed by a roundtable discussion of current issues.

The composition of the Advisory Council was purely political. We had people representing each area of the state. Ours in an East-West divide with mountains on the middle so we had to have representation from both sides. We had to have a union representative for the state council of the AFL-CIO. We had to have NGO representation as well as members from the public sector and private industry. We had to have women in abundance and people of color. In short, we were the epitome of diversity and could not be faulted for excluding any group whatsoever--which was the whole point. Our job was essentially to rubber stamp the decisions of the Public Counsel office. In return for out service the Attorney General would pay for our plane fare, hotels, luncheons, etc. Our organizations got to say how we were participating in state governance, and it looked pretty good on a resume. It certainly as on mine.

But as a group we were as Left Wing as you could get. There was no "conservative" representation at all. The idea was to pressure government to act in step with a left wing agenda and, indeed, since the government staff was essentially left-wing anyway, it just added a dimension of control to the regulatory process. And for us members, it was a great junket. We go time off from work, a paid trip to the Big City, and time to schmooze with other people who could very well be helpful in a career. I believe it's called "networking." But as a bona fide "advisory" group this whole thing was a sham. It was for show. It was designed to pretend that government was listening to "the people." And the members themselves were in it to push their own agendas. They did not want to compromise on the issues; they wanted to "win" and take home a victory for their own constituency. So if this guy fired the entire committee, good for him. It's all fake anyway.

originally posted by: cooperton
Fascism is defined as government (public sector) being manipulated by corporations (private sector). This style of governance is the greatest threat to our nation. Thank you for helping to bring this to light.

No, it's not. Fascism is a form of radical authoritarian nationalism, characterized by dictatorial power, forcible suppression of opposition and control of industry and commerce by government. Your definition is made up.

a reply to: schuyler

so a total waste of money, did you ever have anyone try to influence you?

The extreme assumptions in this thread are unbelievable. Knowing this guy and how corrupt the Trump admin is it's much more likely he got rid of the because they have no intention of even doing any policihg of business, and so don't need advisors.

You peole are crazy if you think this guy or anyone else in the criminal administration would ever do anything beneficial to he people of this nation.

a reply to: CB328


You just left a Maxine Waters rally...with unlimited Kool-aid?

originally posted by: carewemust
The Consumer Financial Protection Bureau was set up by corrupt U.S. Senator Pocahontas.

Thanks to CFPB mastermind Sen. Elizabeth Warren, the corrupt setup of the agency in effect turned it into a massive source of funding for left-wing groups.

Source (Jan 2018): www.investors.com...

And guess who is complaining the LOUDEST today?

"This is what happens when you put someone in charge of an agency they think shouldn't exist!" Democratic Senator Elizabeth Warren of Massachusetts said in a statement. "Mick Mulvaney has no intention of putting consumers above financial firms that cheat them."

Source: money.cnn.com... (Beware. Cookie and Ad-heavy site.)

of course some clueless nonsensical bs, I wouldn't expect less

originally posted by: CB328
The extreme assumptions in this thread are unbelievable. Knowing this guy and how corrupt the Trump admin is it's much more likely he got rid of the because they have no intention of even doing any policihg of business, and so don't need advisors.

You peole are crazy if you think this guy or anyone else in the criminal administration would ever do anything beneficial to he people of this nation.

Dimensh B.

originally posted by: xuenchen
a reply to: carewemust

Not fun being EW today.

Her entire life's work is dwindling away and becoming an ant hill.

✴️

Warren will have to go back to the reservation for emotional support now.

originally posted by: cooperton
Fascism is defined as government (public sector) being manipulated by corporations (private sector). This style of governance is the greatest threat to our nation. Thank you for helping to bring this to light.

You may be thinking of Corporatocracy, or perhaps even Oligarchy, to a lesser extent.

Fascism is defined as such:

noun (sometimes capital) 1. any ideology or movement inspired by Italian Fascism, such as German National Socialism; any right-wing nationalist ideology or movement with an authoritarian and hierarchical structure that is fundamentally opposed to democracy and liberalism.

Fascism is a form of government which is a type of one-party dictatorship. Fascists are against democracy. They work for a totalitarian one-party state.[1] This aim is to prepare the nation for armed conflict, and to respond to economic difficulties.[2] Such a state is led by a strong leader—such as a dictator and a martial government.[3] Historically fascist governments tend to be militaristic, and racist. In the Third Reich, German society was pictured as a racially unified hierarchy, the Volksgemeinschaft.

Fascist leadership might also be similar to an oligarchy, such as in Italy where the fascist party was ruled by its "grand council" from 1922 until the end of World War II.[4]

So, it can be similar to an oligarchy but it doesn't fit the definition you used.

a reply to: toysforadults

Hold on a second? Are you saying that a boss fired his underlings, because they were in open rebellion, and now someone is angry that he fired them?

I wonder what they thought would happen?

For some reason I smell a lawsuit coming on. I hope it not payed by the taxpayers.

originally posted by: schuyler

No, it's not. Fascism is a form of radical authoritarian nationalism, characterized by dictatorial power, forcible suppression of opposition and control of industry and commerce by government. Your definition is made up.

Your description is not untrue, and those are facets of fascism. But here are others who agree with my definition of fascism:


“The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism—ownership of Government by an individual, by a group, or by any other controlling private power.”

-FDR



“Fascism should rightly be called corporatism, and it is the merger of corporate and government power”

-Giovanni Gentile (he wrote a book on the doctrine of Fascism in 1932)

a reply to: cooperton

We for sure have a merger of the 2

a reply to: cooperton

Good quotes, I agree with you now. I'll modify my own definition of fascism.