Mick Mulvaney fires all 25 members of CFPB advisory board

There are a lot of really bad things happening at the agency meant to protect consumers, and this is one of them. Via the Washington Post:

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, fired the agency’s 25-member advisory board Wednesday, days after some of its members criticized his leadership of the watchdog agency.

The CFPB said it will revamp the Consumer Advisory Board, known as the CAB, in the fall with all new members.

The panel has traditionally played an influential role in advising the CFPB’s leadership on new regulations and policies. But some members, who include prominent consumer advocates, academics and industry executives, began to complain that Mulvaney was ignoring them and making unwise decisions about the agency’s future.

On Monday, 11 CAB members held a news conference and criticized Mulvaney for, among other things, canceling legally required meetings with the group.

On Wednesday, group members were notified that they were being replaced — and that they could not reapply for spots on the new board.

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The consumer candidate is getting respect

CUFF isn’t taking sides in the Democratic primary, but we’re happy to see long-time consumer warrior Elizabeth Warren getting this kind of broad-based support. Because that means people are paying attention to pro-consumer policies and realizing their importance — which is what we keep saying!

Why your broadband is so bad

The cost of corruption

This is Mrs. Mitch McConnell.

There was a study published by the Justice Department during the Carter Administration, and boy, do I wish I still had my copy. But I remember enough to know that they estimated the costs of public corruption at 30% of public expenditures.

That was back in the old days, when people were actually ashamed of stealing taxpayer money and tried to cover it up.

That means your tax bills are higher to cover the costs of corruption. It means your local schools are being shortchanged, and roads and bridges aren’t being repaired.

I know a lot of people who say, “I don’t care for politics, I don’t follow that stuff.”

Can you really afford not to?

Trump tariffs decimating retail stores