Trump appointed a loan-shark fixer as an assistant Attorney General, who then wrote a controversial memo justifying the neutering of the consumer finance watchdog

The Consumer Financial Protection Bureau is a rare gem in the US financial regulatory apparatus, a regulator that actually tackles fraud and criminality by monied, powerful financial institutions, exacts meaningful penalties from them, and forces them to stop. They're one of the only things standing between you and highway robbery. (more…)

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