CHARLENE CROWELL

CHARLENE CROWELL

Sometimes you just have to wonder what Members of Congress are thinking about.

Consider the example of a bill known as H.R. 4018. First filed last November with only five co-sponsors. By mid-December the co-sponsor list grew to 24 representing districts in seven states.  Most notably, 10 Florida Representatives signed on as co-sponsors sponsors that are both Democratic and Republican, Black, Latino and Anglo.

And who would object to a bill with the title, the “Consumer Protection and Choice Act”? What’s not to like?

A lot.

The bill is designed to severely limit the Consumer Financial Protection Bureau’s (CFPB) ability to rein in predatory lending like car-title, payday and high-cost installment loans. For consumers, the only ‘choice’ is to allow unsuspecting borrowers to select loans from any number of debt trap products.

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