I’ve done a bit of searching, but I haven’t been able to find the justification being used to shutter the CFPB. One would think that consumer protections are a good thing, and that holding companies responsible for their actions that harm consumers would be a good thing. And one that is universally liked and has returned billions to consumers.

The obvious reason is so that they can screw over consumers, but they have to have at least a cover story that they are using to spin this as something good for the country and constituents, right?

I’m struggling here.

  • l_b_i@pawb.social
    link
    fedilink
    arrow-up
    0
    ·
    8 days ago

    I DON’T AGREE WITH MOST OF THE FOLLOWING. what follows is simply my best guess.

    Different people are going to have different reasons, the first two are the majority of the voters the rest are for the owner class.

    1. Take the following statements to be true: Taxation is theft, government action is evil. If you apply no other logic, many of the actions make sense. The CFPB is government action, therefore evil and should be removed.
    2. ANY regulation impedes the free market. CFPB is a regulation it impedes the free market
    3. It helps the selfish people doing it. They will be able to take more risky positions at the expense of the public and make money.