Released: May 04, 2018
Bill purports to strengthen consumer protection. It does the opposite
Source: David Lazarus, L.A.Times (Paid Registration)
The White House Office of Management and Budget recently declared its support for legislation called the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill has been passed by the Senate and is expected to be approved by the House in coming weeks.
The OMB is run by Mick Mulvaney, who also serves as President Trump's interim director of the Consumer Financial Protection Bureau. In that capacity, he has shown himself to be committed to rolling back consumer protections and favoring business interests — with the president's blessing.
This new bill, while touted as enhancing consumer rights, in reality would leave many people with fewer safeguards.
Read Full Article: Bill purports to strengthen consumer protection. It does the opposite