Conservatives praise it and call it "deregulation,"

[archives]

"Under Trump, a voice for the American consumer goes silent"

"In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever."

"That’s likely no fluke: Mick Mulvaney, appointed acting director of the Consumer Financial Protection Bureau in late November, promised to shrink the bureau’s mandate and take a much softer approach to enforcement, and records reviewed by The Associated Press indicate he has kept his word'

"A review of a CFPB database obtained by the AP through a Freedom of Information request shows that zero enforcement actions have been taken since Nov. 21, 2017"

https://apnews.com/c80a20db4a5942e7af9632b0cbf75700



"Trump Watchdog Tells Banks He Really, Really Likes Them"

"Former banker Joseph Otting told a crowd of bankers that his Office of the Comptroller of the Currency is doing its best to make life easier for them -- a sentiment that might have been surprising when the 2008 financial crisis was more fresh in the public’s memory"

https://www.bloomberg.com/news/artic...lly-likes-them

It ain't deregulation but rather the loss of consumer protectionism

[Cypress]

Protecting consumers is not really in the Republican Party's arsenal, or their DNA.

And leaving our Wall Street overlords unfettered do whatever the fuck they want,is basically a prerequisite for being a loyal conservative.

[archives]

Protecting consumers is not really in the Republican Party's arsenal, or their DNA.

And leaving our Wall Street overlords unfettered do whatever the fuck they want,is basically a prerequisite for being a loyal conservative.

Which is really a mindbender considering they are the first effected when Wall Street goes off the rails

[cawacko]

Interesting dynamic that its supposedly conservatives who want an Ayn Randian version of Wall St yet the great Democratic President Bill Clinton signed legislation for partial repeal of Glass-Steagal and the Commodities Futurization... Derivatives act.