Subject: OT: Who are they serving?
'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
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.'
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.