194
submitted 1 month ago by MicroWave@lemmy.world to c/news@lemmy.world

Summary

Consumer advocates warn that a Trump administration could dismantle key protections established by the Consumer Financial Protection Bureau (CFPB).

The CFPB, created after the 2008 financial crisis, has secured $20 billion in consumer relief under current leadership.

Trump allies propose eliminating the agency, prioritizing deregulation, and reversing rules on overdraft fees, credit card late fees, “buy now, pay later” services, and medical debt reporting.

While some measures might survive GOP control, critics fear weakened safeguards will leave consumers vulnerable to financial exploitation, especially in underserved communities.

all 15 comments
sorted by: hot top controversial new old
[-] FlyingSquid@lemmy.world 59 points 1 month ago

I like how all of these articles post 'could' as if that's not exactly what he's going to try to do.

[-] TachyonTele@lemm.ee 37 points 1 month ago

I love how they're all being published after the elections. As if no one knew about any of it beforehand.

[-] Kolanaki@yiffit.net 1 points 1 month ago

Idk about that... Was seeing plenty of news about what Trump planned (or had the concept of a plan) to do before the election. But considering how so many people still didn't fucking know, I wouldn't be surprised if they crank out more articles about the same shit that the same ignorant people with their head stuck in the sand are still not going to see.

[-] TachyonTele@lemm.ee 1 points 1 month ago

It would be interesting to see a before and after.

[-] Sauerkraut@discuss.tchncs.de 30 points 1 month ago

Oligarch from the capital class will use his power to weaken the working class? No way, unbelievable

[-] eran_morad@lemmy.world 17 points 1 month ago

Fucking bring it. We need to feel the pain in order to understand our collective stupidity and retain some hope for correcting course.

[-] Paddzr@lemmy.world 4 points 1 month ago

You know it'll be blamed on Biden... Even tho they inherited this economy they spent 4 years fixing.

[-] HK65@sopuli.xyz 6 points 1 month ago

The beatings will continue until critical thinking improves.

[-] model_tar_gz@lemmy.world 2 points 1 month ago

The schools will be dismantled until critical thinking improves.

[-] Postmortal_Pop@lemmy.world 9 points 1 month ago

OK, thanks for warning me about yet another thing I knew was going to happen. What's the point of all these groups if none of them take any actions?

[-] MCasq_qsaCJ_234@lemmy.zip 3 points 1 month ago

It seems Trump wants FDR back in the next election

[-] Juice@midwest.social 7 points 1 month ago

FDR's job was to save capitalism from the jaws of socialism. Granted, I'm glad Stalinism didn't catch on in the USA, since the american socialist movement was majorly Stalinist at that time, but capitalism has long outlived its progressive role and now is only a naked form of class oppression. Transforming the USA into a social democracy is no longer possible as the ruling class is no longer split on this issue as they were in FDRs time.

Noone is coming to save us. We have to save ourselves and each other. Get educated, get organized, get active.

[-] systemglitch@lemmy.world 0 points 1 month ago

It would be nice if articles were about what he did and not what he could do.

this post was submitted on 02 Dec 2024
194 points (99.0% liked)

News

23801 readers
2331 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS