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Let’s not lose sight of the bigger picture: after years of industry attacks and GOP opposition, a conservative Supreme Court recognized what we all knew: the @CFPB itself and the law that created it is constitutional. The CFPB is here to stay.
Now, the Supreme Court should not have ignored the intent of Congress and allowed the President to remove the @CFPB director without cause. They just handed over more power to Wall Street's army of lawyers and lobbyists to push out a director who fights for the American people.
Even after today’s ruling, the @CFPB is still an independent agency. The director of that agency still works for the American people. Not Donald Trump. Not Congress. Not the banking industry. Nothing in the Supreme Court ruling changes that.
The @CFPB's job is to get the tricks & traps out of credit cards, mortgages, student loans, & other financial products & hold big banks accountable when they cheat people. Under @RichCordray’s leadership, the agency returned $12B to consumers scammed by financial institutions.
Trump’s @CFPBDirector Kathy Kraninger gutted the fair lending office and stopped filing lawsuits when companies cheat consumers. Now that the Supreme Court has reaffirmed the @CFPB's existence, Kraninger should stop working for the crooks and start working for working families.
Now they have a job for you
And the next President on Jan. 20,2021 can IMMEDIATELY fire the current Director and appoint a NEW one!
Pathetic
The Supreme Court is on the ballot this November.
The Supreme Court is always on the ballot. The right figured that out a long time ago. Now we are having to play catch up.
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