1. #1351
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by Phil B. View Post
    CFPB HAS a complaint dept for consumer complaints.... BUT there have been many complaints to other branches of government ( DOJ - FBI ect ) for the crooked dealing by the CFPB in favor of the Labor Unions and bigger lending institutions. BUT if you look at who supports/endorses the CFPB you would see why.... the board is comprised of Labor Bosses.... Congresspeople ( Warren was Special Secretary to Obama @ the CFPB )
    and even tho it reports to the FED... they are 'supposed' to be an independent group that reports to the Federal Reserve.

    NUTS
    Since 2011, the Journal reports, the database has received 1.5 million complaints, including about 320,000 complaints last year as detailed in a report the bureau made to Congress earlier this month. The CFPB also advertises on its website that 97 percent of complaints sent to companies get “timely responses.”


    The complaints cover a range of financial products, debt collection (377,300 made since 2011), mortgages (301,600), credit and consumer reporting (138,300), credit cards (132,200), and student loans (54,400), as well as vehicle loans, personal loans and payday loans. A search of the database by financial institution names shows that out of over a million complaints listed, searches for Bank of America got over 74,000 hits, over 62,000 hits for Wells Fargo, over 51,000 for JPMorgan Chase and Co., and over 41,000 hits for Citibank.


    “It’s an incredibly important tool that empowers consumers,”

  2. #1352
    Service Manager 1,000+ Posts theengel's Avatar
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    Re: Just how Crazy is Donald Trump!

    More cut and paste from no-thought-BSM.

    Imagine -- all those thousands of complaints, and yet those financial institutions remain as powerful and as rich as always. That goes to show just how ineffective and useless the entire thing was.

    Good riddance.

  3. #1353
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    More cut and paste from no-thought-BSM.

    Imagine -- all those thousands of complaints, and yet those financial institutions remain as powerful and as rich as always. That goes to show just how ineffective and useless the entire thing was.

    Good riddance.

    YUP WHO needs Protection. The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.


    Wells Fargo fined $1 billion for abusive consumer loans


    Wells Fargo (WFC) will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday.The action comes less than two years after Wells was fined nearly $200 million for illegally opening millions of phony deposit and credit card accounts.
    Wells Fargo violated the law in how it charged fees over locking in mortgage interest rates beyond the standard guaranteed window, and by operating a mandatory insurance program that increased insurance costs and fees for some borrowers' auto loans, possibly contributing to thousands of cars being repossessed, the Consumer Financial Protection Bureau said.


    YUP WE DO!

  4. #1354
    Aging Tech 10,000+ Posts
    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by Phil B. View Post
    the CFPB has always been a way for the government to control and condemn the banks and people that use them. It was enacted under the dem rule. in fact Fauxahauntus was one that was a leader in forming this back when Obama took office
    Consumer Financial Protection Bureau - Wikipedia

    Consumer Financial Protection Bureau - Wikipedia


    Jump to History - The agency was originally proposed in 2007 by Harvard Law School professor Elizabeth Warren. The proposed CFPB was actively supported by Americans for Financial Reform, a newly created umbrella organization of some 250 consumer, labor, civil rights and other activist organizations.Formed‎: ‎July 21, 2011; 6 years ago
    Employees‎: ‎1,623 (2016)

    Agency executives‎: ‎Mick Mulvaney‎, Acting Dir...
    Annual budget‎: ‎US$605.9 million (FY 2016)
    Being opposed to something just because it was proposed and imposed by people on the other side of the political spectrum is kinda silly.
    The reason I don't like trump is because he is morally bankrupt and seems to dislike poor people like most republican politicians.

  5. #1355
    Aging Tech 10,000+ Posts
    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    More cut and paste from no-thought-BSM.

    Imagine -- all those thousands of complaints, and yet those financial institutions remain as powerful and as rich as always. That goes to show just how ineffective and useless the entire thing was.

    Good riddance.
    So, your solution is to just give up? Without some kind of watchdog the banks will get worse.

  6. #1356
    Senior Tech. 2,500+ Posts NeoMatrix's Avatar
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by bsm2 View Post
    YUP WHO needs Protection. The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.


    Wells Fargo fined $1 billion for abusive consumer loans


    Wells Fargo (WFC) will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday.The action comes less than two years after Wells was fined nearly $200 million for illegally opening millions of phony deposit and credit card accounts.
    Wells Fargo violated the law in how it charged fees over locking in mortgage interest rates beyond the standard guaranteed window, and by operating a mandatory insurance program that increased insurance costs and fees for some borrowers' auto loans, possibly contributing to thousands of cars being repossessed, the Consumer Financial Protection Bureau said.


    YUP WE DO!


    Oh...dear god ....

    So you really believe that money the financial system really exists? Money only exists inside peoples thoughts or belief.

    The plants an animals have being living on earth for around 250million years. The million year evolution of life itself has never required a bank account or deposit book.
    Only homoerectus(man) can put a finite limited control or wealth system on the evolution of life, it serves his twisted sense of self purpose in search of his own purpose and direction.

    A real definition of Financial Wealth:
    Inside the old banking system there was a corporate level of office management where the upper financial management where given an honorary Gold Platinum Credit card.
    The value of this honorary Gold Double Platinum Credit use to have a limit of $50,000 per month $50K. After the credit card was maxed out for the month, the credit card was zeroed out free of cost or charges. Repeat again:-- The Gold Platinum Card was zeroed out at the end of the month FREE,GRATIS,NIL,NO CHARGE, NO DEBT,NO RETURN MONEY... The Honorary Gold Platinum Card was better than winning the Lottery... The same Gold Platinum card must be valued at a lot more today.

    Why a free credit card? Because money really does not exist, money is created out of thin air. Money is only an accounting entry on a computer. Money has only the illusionary value that people give it. (see ego/greed in dictionary)

    Blockchain (AKA BitCoin) will see banks fumble an stumble in the future. Many people will come to realise that money is only an arbitrary value of exchange, a value which is for every changing according to supply and demand.

    As I've said before-- The human spirit or soul is the only real value system. It is the only real value system you get to take with you when you move on to greener pastures.
    Inauguration to the "AI cancel-culture" fraternity 1997...
    •••••• •••[§]• |N | € | o | M | Δ | t | π | ‘ | x | •[§]••• ••••••

  7. #1357
    Service Manager 1,000+ Posts theengel's Avatar
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by copier addict View Post
    So, your solution is to just give up? Without some kind of watchdog the banks will get worse.
    My solution is to get rid of something that isn't working and to move on to a better way. You don't keep pumping money into something that has become part of the problem.

  8. #1358
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Just how Crazy is Donald Trump!

    [QUOTE=theengel;603017]My solution is to get rid of something that isn't working and to move on to a better way. You don't keep pumping money into something that has become part of the problem.[/QUOTE


    Yes Captain we don't need Lifeboats. Full speed ahead Trumptanic.


    hqdefault.jpg

  9. #1359
    Aging Tech 10,000+ Posts
    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by NeoMatrix View Post
    Oh...dear god ....

    So you really believe that money the financial system really exists? Money only exists inside peoples thoughts or belief.

    The plants an animals have being living on earth for around 250million years. The million year evolution of life itself has never required a bank account or deposit book.
    Only homoerectus(man) can put a finite limited control or wealth system on the evolution of life, it serves his twisted sense of self purpose in search of his own purpose and direction.

    A real definition of Financial Wealth:
    Inside the old banking system there was a corporate level of office management where the upper financial management where given an honorary Gold Platinum Credit card.
    The value of this honorary Gold Double Platinum Credit use to have a limit of $50,000 per month $50K. After the credit card was maxed out for the month, the credit card was zeroed out free of cost or charges. Repeat again:-- The Gold Platinum Card was zeroed out at the end of the month FREE,GRATIS,NIL,NO CHARGE, NO DEBT,NO RETURN MONEY... The Honorary Gold Platinum Card was better than winning the Lottery... The same Gold Platinum card must be valued at a lot more today.

    Why a free credit card? Because money really does not exist, money is created out of thin air. Money is only an accounting entry on a computer. Money has only the illusionary value that people give it. (see ego/greed in dictionary)

    Blockchain (AKA BitCoin) will see banks fumble an stumble in the future. Many people will come to realise that money is only an arbitrary value of exchange, a value which is for every changing according to supply and demand.

    As I've said before-- The human spirit or soul is the only real value system. It is the only real value system you get to take with you when you move on to greener pastures.
    Hmmmmm. For something that doesn't exist people will do a lot of shitty things to get it.
    If you don't want yours, since it doesn't exist, just send it to me. Lol

  10. #1360
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Just how Crazy is Donald Trump!

    “If you’re innocent, why are you taking the Fifth Amendment?” the president said two years ago of his political opponents.

    Michael Cohen To Plead The Fifth Amendment In Stormy Daniels Suit

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