With the Consumer Financial Protection Bureau shuttered, there is no longer any federal enforcement of rules for financial products
With the Consumer Financial Protection Bureau shuttered, there is no longer any federal enforcement of rules for financial products
... Let’s start with some of the small stuff that will now change. Rules against excessive overdraft fees? Gone. A rule capping credit card late fees? Gone. Oversight of debt collectors and payday lenders? No more. An honest site to compare credit card products? Likely gone...
Reading your list there, and they all sound like poor people problems. Have you thought about being rich instead?
Bracing for all of the financial services companies to vigorously self-regulate in an attempt to compete for consumer goodwill.
Aaaaaaaany minute now. Just watch.
Aaaaany minute.
Come on everyone! If we clap real hard the Free Market Fairy will come back to life! 🧚♀️💸
I wonder if Americans can switch to a Canadian bank if things get bad. I know there are US dollar accounts you can open.
I believe TD Bank has US presence. But they would be operating under USA rules.
Ay, let's do a bank run. Get your coffee cans ready.
