Comment by iamnothere
7 hours ago
CFPB has been decent, and I’m glad they are still doing some work. My understanding is that their scope has been reduced, and it looks like the new focus is on things that are still legitimate problems but which are somehow more “right-coded” (like debanking). What I wouldn’t give for a truly nonpartisan agency that tackles issues across the board.
I mean, that's what old CFPB was.
They ignored the debanking issue for a long time, likely because it was somehow framed as a partisan issue, despite it affecting people across the political landscape. The issue falls squarely within their mandate, so it’s ridiculous that it took so long to address it.
CFPB is inherently political, like all government agencies. Of course it ignored the debanking issue. CFPB was just serving its current masters.
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