Trump admin planning to suspend examinations of lenders for violations of the Military Lending Act

[Miles Archer]

Ted Lieu
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Ted Lieu Retweeted VoteVets
This action by @realDonaldTrump Administration will harm military members & families. Last decade there was so much predatory lending targeted at the military that the @DeptofDefense issued a report stating it harms military readiness, affects security clearances & hurts morale.

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The Trump administration is planning to suspend examinations of lenders for violations of the Military Lending Act, which protects military service members and their families from financial fraud, predatory loans and credit card gouging.

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Mulvaney Looks to Weaken Oversight of Military Lending

https://www.nytimes.com/2018/08/10/us/politics/mulvaney-military-lending.html



The Trump administration is planning to suspend routine examinations of lenders for violations of the Military Lending Act, which was devised to protect military service members and their families from financial fraud, predatory loans and credit card gouging, according to internal agency documents.

Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, intends to scrap the use of so-called supervisory examinations of lenders, arguing that such proactive oversight is not explicitly laid out in the legislation, the main consumer measure protecting active-duty service members, according to a two-page draft of the change.

The agency’s move comes as a Senate committee prepares to vote on the nomination of Kathleen Kraninger to succeed Mr. Mulvaney as chief of the consumer watchdog, which is responsible for protecting consumers from financial abuse.

The proposal surprised advocates for military families, who have urged the government to use its powers to crack down harder on unscrupulous lenders. The consumer bureau conducted dozens of investigations into payday and other lenders during the Obama administration without any significant legal opposition, and no lenders are currently challenging its oversight based on the law, according to administration officials.

[Achilleaze]

1. The republican Draft-Dodger-in-Chief never misses an opportunity

to piss on America's men and women in uniform. republican draft dodgers should have no authority whatsoever over USA Armed Forces. Disgusting.

[atreides1]

3. What about Mattis???

So far he's sold out to Trump's "Space Force", what changed his mind???

Mattis, is an ass kisser...and that's what he's been doing a lot of!!!

Dunford is nothing more then on over dressed door man to Trump, and like Mattis he's always ready to throw the troops under a bus...just so he can be proud of being a "good" Marine!!!

Being a "good" anything in this administration is almost like being a "good" German under the Hitler regime!!!

[maxrandb]

4. Mattis deciding to work for Donnie Short Fingers

tells you all you need to know. He might as well put his Dinner Dress uniform on and crawl through Donnie Shit for Brains golden toilet.

Fuck his "military" service. He's a fucking scumbag. If he gave one-fuck about his country, or the men and women that serve it, he'd either resign, or put his nickleplated service revolver in his mouth and pull the fucking trigger.

[Perseus]

9. But do military men and women get pissed at trump and the repubs?

No, they don't, they continue to vote for them. I wish I could understand that phenomena, how is it possible? Stockholm syndrome?

[N_E_1 for Tennis]

2. He hates people, just fugging hates people...nt

[Vinca]

5. Don conned the vets the same way he conned the coal miners, the steel workers, the people

in need of a leg up in society. His entire "presidency" is the scheme of a lifetime and, so far, it's working fabulously well. Sadly, the ending will most likely involve bankruptcy for the country.

[pazzyanne]

6. What does this administration do?

They must lie awake at night finding more heinous things to perpetrate on the American people. They are disgusting swamp gas, stinky and everywhere.

[watoos]

7. The military getting scammed

will still vote for Trump and cheer at the parade.

[duforsure]

8. He shows his real intentions , again

He's done this with everything , like claimed he's a law and order president but in reality is a corrupt treasonous criminal. He claims he's for the people who serve , then allows this against them. He's a con man who'll lie to get anything he can , and to hell with everyone else, so you can bet there's kickbacks for this for them .

[erpowers]

10. Another Trump Policy that Hurts the Common Man

So much for caring for our soldiers, veterans, and the common man. This hurts the people Trump and his supporters claim he cares about and it trying to help. It is interesting how so many of Trump's policies hurt the very people they are supposed to help.

[Botany]

11. Don "Fanucci" Trump, "You should let me wet my beak a little."

I wonder how much Trump will make on the back end of this deal? Are some of Trump's
mob buddies into predatory lending? Trump is stealing everything he can before he is
removed from office.*




* I hope but the GOP is going right along in protecting and covering up for Trump.

[weissmam]

12. the GOP always screws military personel

idiots always get defense contractors mixed up with military personnel and think the GOP is good for the military