Kathleen Engel Op-Ed: Your consumer protections, on the brink of destruction in Congress

Here.  The whole piece is worth a read, but here's an excerpt:

The bill would take away the CFPB’s ability to inspect banks, mortgage brokers, foreclosure relief firms, student and payday lenders, debt collectors, credit reporting agencies and auto financing companies to ensure they accurately disclose credit terms to borrowers and that they comply with laws that protect consumers from fraud and other wrongdoing.

It would transfer oversight of national banks to the Office of the Comptroller of the Currency, which 10 years ago was (supposedly) minding the hen house when lenders were luring home mortgage borrowers into unaffordable loans with deceptive terms.

Instead of restricting unlawful loans, the OCC and other bank regulators turned a blind eye to the disastrous rise in deceptive and unaffordable home loans that ultimately led to the financial crisis.

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