Early in the day this week, Hillary Clinton penned an innovative new York Times op-ed for which she highlighted her plan to make sure that a number of the systematic dangers and reckless behavior that resulted in the financial crisis wouldn’t be repeated under her management. She emphasized most of the points from her Wall Street reform plan, including pledging to veto any legislation that will damage the Dodd-Frank Wall Street Reform and also the customer Protection Act.
It’s refreshing to experience a presidential prospect using a powerful stance on customer security, because of the different efforts through the years by Congress to undermine most of the defenses as a result of the passage through of Dodd-Frank. Final thirty days, a few people in Florida’s congressional delegation submit among the latest efforts to undermine customer defenses if they introduced H.R.4018, the buyer Protection and solution Act, which may undercut the CFPB’s capability to protect consumers from predatory payday financing.
Quite simply, H.R.4018 could be harmful to customers and would undermine the CFPB in 3 ways. Read More