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“President” Trump and Republicans Secretly Hurt The Working Class: Consumer Financial Protection Bureau

“President” Trump and Republicans Secretly Hurt The Working Class: Consumer Financial Protection Bureau

The CFPB implements and enforces federal consumer financial laws to ensure that all consumers have access to markets for consumer financial products and services that are fair, transparent, and competitive.
CFPB rule changes will hurt the working class by:

  • Forstall the CFPB plans to require prepaid-card companies to provide detailed fee disclosure.
  • Forstall the CFPB plans to require prepaid-card companies to place limits on consumer losses on lost or stolen cards.

https://www.wsj.com/articles/prepaid-card-companies-may-get-reprieve-on-cfpb-rule-1486465203

Wall Street Journal Wednesday, February 8, 2017 Page B7 “Congress Takes Up Card Rule by Anna Maria Andriotis.