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Trump's "U.S. Consumer Financial Protection Bureau" rollback has already cost Americans $18 billion, consumer groups say

CaughtInThe

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Here's my question.

Why are so many MAGAs so bad at math/bad with money/pretend all this Trump madness won't affect them/their families/their kids??



"Under former President Joe Biden, the agency had sought to cap credit card late fees at $8 and overdraft fees at $5. The Trump administration's move to end those policies should together cost consumers $15 billion a year, according to the statement.

The dismissal of 22 enforcement cases that were pending when Biden left office in January -- including actions against JP Morgan Chase JPM.N, Bank of America BAC.N, Wells Fargo (WFC.N), opens new tab and Capital One (COF.N), opens new tab -- involved more than $3 billion in alleged harm to consumers.

The CFPB has also scrapped or revised settlements it had already concluded with Toyota (7203.T), opens new tab and a payments processor, meaning about $50 million in redress payments will never be made, the statement said."



 
Here's my question.

Why are so many MAGAs so bad at math/bad with money/pretend all this Trump madness won't affect them/their families/their kids??



"Under former President Joe Biden, the agency had sought to cap credit card late fees at $8 and overdraft fees at $5. The Trump administration's move to end those policies should together cost consumers $15 billion a year, according to the statement.

The dismissal of 22 enforcement cases that were pending when Biden left office in January -- including actions against JP Morgan Chase JPM.N, Bank of America BAC.N, Wells Fargo (WFC.N), opens new tab and Capital One (COF.N), opens new tab -- involved more than $3 billion in alleged harm to consumers.

The CFPB has also scrapped or revised settlements it had already concluded with Toyota (7203.T), opens new tab and a payments processor, meaning about $50 million in redress payments will never be made, the statement said."




Those leopards just got a lot more faces to eat.
 
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