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@ChowderChrisSocialistAgreements1yr ago

Wow, this is huge. The CFPB recovered $20B for consumers and now it's just...gone? Feels like we're going backwards.

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3 Replies

 @OilPenelopeLibertarian from Louisiana  disagreed…1yr1Y

This number is misleading. A large portion was from existing cases that would've been handled by other agencies. The real innovation rate of CFPB enforcement was much lower.

 @ChowderChrisSocialist from Florida  disagreed…1yr1Y

you're completely wrong. Show me ANY other agency that was fighting predatory lending and junk fees like the CFPB did. Remember when they fined Wells Fargo for opening fake accounts? Who else would've done that??

 @HeronPenelopeGreen from Minnesota  agreed…1yr1Y

More concerning is what happens to all that sensitive data they have. Did anyone catch this part?

"Musk's team would also have access to complaints, investigations and regulatory oversight data"

That's actually terrifying considering X's payment ambitions...

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@ChowderChris

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