Friends --
Under the Trump administration the Consumer Financial Protection Bureau is failing American consumers in ways that we never even anticipated. They’re so eager to do the bidding of unethical payday lenders, debt collectors and banking industry executives that they’ve found new, creative ways to cheat and exploit American consumers.
Here are just a few of the MANY ways the CFPB is failing Americans (while encouraging and rewarding corruption).
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Top Ways the CFPB is Failing Americans in the Trump Administration
1. Allowed shady payday lenders to approve triple-digit interest loans WITHOUT making sure the borrower can repay them in time - pushing millions more into the payday debt trap.
2. Moved to make it LEGAL for debt collectors to harass consumers with UNLIMITED, unsolicited texts and emails.
3. Gave the payday lending industry a $7 BILLION dollar boost in profits at the expense of vulnerable communities.
4. STOPPED enforcing rules that protect American consumers
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Trump’s CFPB has failed Americans horribly -- and there’s no reason to think they’ll ever stop their shameful ways. But our government is supposed to work for us and we have the power to make our voices heard.
Will you share the above graphic on social media now to raise awareness of the CFPB’s corrupt practices?
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And you can always find more info about how the CFPB is failing Americans at [link removed].
Thank you for your support,
Your friends at Allied Progress
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