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Cake day: January 16th, 2025

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  • dx1@lemmy.mltoAsklemmy@lemmy.mlWhat's the MAGA justification for closing the CFPB
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    8 days ago

    MAGAs have no reason. “Trump said so.” Probably nuked because it became a nuisance for credit card companies and banks due to enforcing rules against overdraft fees and deceptive lending practices. On the flip side, it’s yet another trade regulating agency with an overlapping mandate on a hundred different industries, meaning any company in those industries has to comply with every one of those agencies’ interpretation of the law. Speaking from experience here, that is a headache even to people with good intentions.