Page 6 - Predatory Practices News Today

Deputy director lee andra english is requesting a temporary restraining order against mulvaney. english says shes the director following the resignation of the former head. it acts as a watchdog for you, the consumer. it helps protect borrowers from predatory practices. and it was created back in 2011 in the aftermath of the 08 financial crisis. joining me now, brendan greely, contributor to the economist free exchange blog. you said president trump is right here. >> yes, lets start off with the...

Dodd/frank act, which president trump signed into law in july of 2010. part of the law, title 10, created the consumer financial protection bureau. the bureau has been targeted by republicans since its inception, blaming it and the dodd/frank act as a whole for rising bank fees and a decline in the number of smaller banks and smaller bank lending to local businesses. the bureau, the cfpb, is charged with protecting consumers from predatory practices by banks, credit card companies, student loan ...

Final passage before christmas. thats going to be very tough. theres still a lot of sticking points and complicating matters, ali, the fact the cbo, congressional budget office, came out today with figures that show that the senates tax plan will add about $1.4 trillion no the deficit. and potentially raise taxes on those making less than $75,000 in a matter of years. essentially hurting the middle class. i asked senator orrin hatch about that. he pushed back and said he thinks those numbers are...

Reading. i want to talk about something else, a fight unfolding this week with you. the president announcing he is naming dig mulvaney, office of management and budget now the acting director of the consumer finance protection bureau t. former named his chief of staff as deputy director as one of the final acts. that was the intention for her to become the interim successor. why is the president trying to intervene? >> well the president in particular wants to eliminate this agency, which has re...

Welcome back. you may remember president trump recently had to pay $25 million to settle fraud claims against his for profit college trump university. well, the trump approved nominee to lead an office of the department of education responsible for policing colleges for fraudulent practices recently hired somebody who recently worked for a university that was allege to have misled students with fraudulent practices. hope youre following here. devry agreed to a $100 million settlement last year w...

Our shoppers and shopping centers. if you look at shopping centers and jobs in stores its been very, very tough for them. they have had a hard time closing at numbers and records that have never been seen before. so we have to stop that. the online predatory practices. since the beginning of the year, we have already created over 50,000 brand-new manufacturing jobs. and were just getting started. we will lift our citizens from welfare to work. we will turn boarded up communities into new outpost...

In chinese field coming as oil and coming to the u.s.s autofield. the amount of specific problem and the way to address it is product by product and what we can do to change the export side and what we can do to reduce the bad influence. >> thank you very much. you can stay for this, also. perhaps gary cohen could say a few words about trade. >> yes, thank you mr. president. as you know, much of our biggest problem on trade has to do with our economic relationship with china and we have maintain...

The way to address these problems is a product by product and what we can do to change these export. >> thank you very much. perhaps gary cohn could say a few words about trade. >> thank you mr. president. as you know, much of our biggest problem on trade has to do with our economic relationship with china. we have maintained a very large trade deficit with china and it continues to grow. as wilbur said, china has many predatory practices in the way they deal with us. intellectual property and t...

Not military secrets but commercial technology. its a big problem for american companies but even beyond that, but we are seeing here happening in china, the chance to upgrade here. to start developing robots, electric cars, microchips, this is a state led national agenda with a tremendous state resources behind it. money behind it. that is what we have to counteract. some of the ways of doing it are rather than throwing tariffs, one idea is to use an approach of what is called reciprocity. hey,...

Companies but even beyond that, what we are seeing here happening in china, the chance to upgrade here. to start developing robots, electric cars, microchips, this is a state led national agenda with a tremendous state resources behind it. money behind it. that is what we have to counteract. some of the ways of doing it are rather than throwing tariffs, one idea is to use an approach of what is called reciprocity. hey, if american companies cannot do something in china or they are restricted fro...