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Jake Tapper
@jaketapper
, 3 tweets, 1 min read Read on Twitter
Consumer Financial Protection Board announces it wants to rescind parts of the rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.”
2/ CFPB wants to no longer request that lenders "make certain underwriting determinations before issuing payday, single-payment vehicle title, and longer-term balloon payment loans."
3/ More here >> cnn.com/2019/02/06/pol…
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Jake Tapper
@jaketapper
YES! A brand new *special* TOOTY-CUBE™️ from my 9-year-old!!
1/ panel 1
2/ panel 2
Read 6 tweets
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Jake Tapper
@jaketapper
Lots of folks tweeting out this photo of @senatemajldr so I asked his office about it.

A spokesman suggested Leader McConnell wouldn’t pose for such a photo today as he did “30 years or so ago”... 1/4
2/ spox referred me to McConnell saying in 2015: “The Confederate Battle Flag means different things to different people, but the fact that it continues to be a painful reminder of racial oppression to many suggests to me at least that it’s time to move beyond it,...
3/ “... and that the time for a state to fly it has long since passed. There should be no confusion in anyone’s mind that as a people we’re united in our determination to put that part of our history behind us.”

mcconnell.senate.gov/public/index.c…
Read 4 tweets
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Jake Tapper
@jaketapper
The free speech part or the freedom of assembly part?
It's not fun (or necessarily even fair) being heckled or shouted at or harshly criticized, but to say it's contrary to the spirit of this country is, um, no.
Ok some folks are saying I shouldn’t focus on the “yelling from the rafters” part of what he’s saying, that it’s class resentment that he’s saying is contrary to the spirit of the US. A la this recent study from U Chicago...

research.chicagobooth.edu/~/media/5cc3cf…
Read 15 tweets

Related threads

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The Grey Man
@IntelOperator
“Consumer Financial Protection Bureau, under Director Kathy Kraninger, has officially given predatory debt traps its seal of approval,”

abcnews.go.com/Politics/consu…
“By proposing to get rid of its underwriting requirement, the CFPB is gutting its own protections.”
"This proposal essentially sends a message to predatory payday lenders that they may continue to harm vulnerable communities without penalty,"
Read 4 tweets
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Celeste P.
@Celeste_pewter
In regulatory news: the Consumer Financial Protection Bureau (significantly weakened under Mulvaney/Trump) is proposing to weaken Obama-era rules re: payday lenders.

Please share this widely. It's not going to get top coverage, and absolutely should. washingtonpost.com/business/2019/…
Remember: this will require the rollback of an existing rule, which means there will be an open comment period.

Let's do our usual thing, and make sure we comment in strong numbers, when the rule is posted at federalregister.gov.
And here's an oped from @bloomberg's editorial board on the subject: bloomberg.com/opinion/articl…
Read 3 tweets
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Nick Monroe
@nickmon1112
"IT'S NOT TEH GOVERNMENT DEPLATFORMING PEOPLE"

With the revelation of Operation Choke Point? Yes. Yes it is the government. twitter.com/i/moments/1081…
I might talk about Operation Choke Point AGAIN in this thread, just to see what else I can find. Because for some reason I can tell this topic hits to the core of concerns for many people.

Here's a video from @MrDeadmanDT going over the basics of it.
Operation Choke Point first came to light in this August 7th 2013 article from the Wall Street Journal. archive.is/4jiOH

I'm a cheap bastard and wanted to get around the paywall so I found this other source giving the gist of it. archive.is/43eK2
Read 75 tweets
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Buster Hyde USMC/Ret
@BusterUSMC
1. Our system of government is based on checks and balances.
Ever since the beginning of the 20th Century, the Executive has, to one degree or another, been the dominant branch of government in large part due to the explosion of the Federal bureaucracy.
2. Hundreds of agencies, departments, programs, task forces, and commissions are an arsenal that in the wrong hands can be used against the very freedom the government is supposed to uphold, "protect and defend."
3. Rest assured, it’s bn in the wrong hands for waaaaaay too long... until now. @realDonaldTrump walked into our lives with a promise "Drain the Swamp" and WE Said YES.
Read 106 tweets
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LibertyANDJustice.
@soleilbrille18
@SenBlumenthal. Showing Kav is NOT independent, but a tool of Trumpf, will be valusble.
1. Ask him where in the Const. he finds that a Prez can't be investigated for crimes.
2. Ask him about his statement that "no president ever consulted more widely". A. What is the historical..
2/....factual basis for that statement? How did he know how broadly Trumpf consulted?
B. The structure of the comment sounds like Trumpf. Did he tell you to say it?
C. It's an odd statement for a nominee. Why did you say it?
D. Reporting says that your nomination was......
3/...arranged between Kennedy and Trumpf. Do you think it is proper for a Prez to encourage any justice to retire by making a deal on his successor?
3. Will you recuse yourself from any case that involves Trumpf, or Trump family member, or campaign staff?
If he says "no", ask...
Read 6 tweets
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Renato Mariotti
@renato_mariotti
THREAD: What’s the CFPB, what’s going on there, and why should I care? (Hint: There is a struggle for leadership of an important agency.)
1/ The Consumer Financial Protection Bureau was created by the Dodd-Frank Act of 2010, which was passed after the financial crisis as a way of reining in problems in our financial system.
2/ The CFPB is the *only* federal agency focused on protecting consumers of financial services. Before it was created, various federal agencies (and state Attorneys General) filled that void.
Read 18 tweets

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