The CFPB is Under Attack!

31 July 2017 –  [Note:  this post was, somehow, erased from our site. We have republished to the site as of 20 September 2017.] We were incredibly lucky to have just the right interview guest at just the right time, Amanda Werner (@wamandajd), Arbitration Campaign Manager for Americans for Financial Reform & Public Citizen, was with us to talk about the dangerous efforts, by Congress, to overturn the new arbitration rule just published by the Consumer Finance Protection Bureau (CFPB). In the first half of the interview Amanda gets into some great detail about why forced arbitration is problematic and why some communities are particularly impacted. In the second half we get into the politics of the rule and explain why it is essential that you get involved in this very winnable fight.

At the top of the show I talk with Will a bit about the letter sent by the American Psychoanalytic Association to its members clarifying their long-held position that as medical professionals they have a “duty to warn” and that they see this duty as particularly relevant due to the observable behavior of President Trump.

And speaking of observable, impulsive, antagonistic, aggressive behavior…

This week Trump thought he could change DoD policy with a 140 character tweet in which he attempted to ban transgendered individuals from serving in the armed forces…where they are already serving…by the thousands. The Pentagon was blindsided and made it clear that DoD policy is not now and never will be issued via tweet. Will spoke both about the organizational issues and the personal struggles of the trans community. Trump’s efforts to feed hatred are despicable and, frankly, just another bit of evidence that he is mentally ill and unfit to serve as president.

Just before the interview with Amanda Werner, I reviewed the mission and successes of the CFPB. I also talk a bit about their enemies. In government, of course, no good deed goes unpunished so Congressman Jeb Hensarling, in an especially personal and vicious manner, is directly attacking CFPB Director Richard Cordray. Hensarling really despises Cordray because Cordray is so good at his job. Which is proof that it is absolutely essential that, like other regulators, the CFPB remain insulated from the political process as much as is reasonable. The GOP is looking for every possible opening to diminish this critically important agency. As we did with the ACA, we must, we simply MUST fight to defend the CFPB at every turn.

And so it goes. No rest for the victorious! Carrots! – Arliss

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