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?
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.