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From: Alan Baker <alangbaker@telus.net>
Subject: OT: Who are they serving?
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From: Alan Baker <alangbaker@telus.net>
Newsgroups: rec.sport.golf
Subject: OT: Who are they serving?
Date: Wed, 6 Dec 2017 12:35:10 -0800
Organization: Datemas.de http://www.news.datemas.de
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Forward Article
'The defanging of a federal consumer watchdog agency began last week in 
a federal courthouse in San Francisco.

After a nearly three-year legal skirmish, the Consumer Financial 
Protection Bureau appeared to have been victorious. A judge agreed in 
September with the bureau that a financial company had misled more than 
100,000 mortgage customers. As punishment, the judge ordered the Ohio 
company, Nationwide Biweekly Administration, to pay nearly $8 million in 
penalties.

All that was left was to collect the cash. Last week, lawyers from the 
consumer bureau filed an 11-page brief asking the judge to force 
Nationwide to post an $8 million bond while the proceedings wrapped up.

Then Mick Mulvaney was named the consumer bureau’s acting director.

Barely 48 hours later, the same lawyers filed a new two-sentence brief. 
Their request: to withdraw their earlier submission and no longer take a 
position on whether Nationwide should put up the cash.'

<https://www.nytimes.com/2017/12/05/business/cfpb-mick-mulvaney.html&...

Got that, wingnuts:

A judge ruled against Nationwide and ordered them to pay $8,000,000...

....but now they're going to get off with misleading ordinary folks.