The Consumer Financial Destruction Bureau

Founded by Elizabeth Warren in the wake of the 2008 financial crisis, the Consumer Financial Protection Bureau addressed all sorts of sleazy practices in the financial services industry, from shady loans to exorbitant junk fees to insecure payment apps. They recovered some $21 billion on behalf of the American people. This was an example of good government fighting corporate abuses on behalf of the public. Yet how many voters even knew or heard about it? Many have been led to believe the oligarchs ransacking the country are fighting “corruption.”
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Tags: business, consumers, corporations, economy, fraud