We don’t need a financial consumer protection office – we have courts

The President Trump is about everything, but he is off the financial consumer protection office. She even dropped most cases by CFPB during former President Joe Biden. Administration’s goals protect the consumers from fraudulent traditions in the financial industry.

Many questions: If CFPB is escape from work, then who will be to help consumers? The answer is a million lawyers. CFPB is available for less than 15 years. Consumers was not before. We do not need more government agencies in the market – we have attories.

I knew that the prosecutor’s lawyer gets bad rap music in many circles. But the fact is that we need someone to police in the market. Private lawyers are more better choice than a different government agency.

Take a look at one of the real cases where trump has declined: busy engraving billions of dollars against investments continually.

CFPB only a few days before the tramp office. But special tape is claiming against the capital, about two years ago, nearly two years ago. Seven different types of activities are joined to the Virginia Federal Court. CFPB was just something. The first capital is not out of the hook.

In fact, customers are now in the best hands. The data shows that when private lawyers and the government follow the same violations, personal injuries become more. It depends on simple incentives: Emergency prosecutors do not receive their salaries to win. The government bureaucrats take into account their salaries that they do.

Private lawyers are not taken through policies and interests that the government is performing. Yes, many prosecutors are democratic, but they are useful motivation. They will help someone else. They are not further correct due to campaign and government cooperation or the roaming door between the campaign and government. These are the same correct reasons that in which private sector works best in more than a public sector.

Away from the deficiency, relying on a personal injury to the police one of the units we have succeeded in America. In Europe and other advanced economies, you should receive permission from the government before performing things. In America, we often allow you to do what you want to do, so we see you if you are messing around. We ask for apology, not allowed. Our attitude caused a very wise and innovative economy, and eventually.

It’s true that personal lawyers go away. Nothing is perfect and there is a way to fasten our system. It is also true that private lawyers cannot do everything. If the need for treatment is financially, or that financial treatment is smaller and is not able to gather at everything like a group of a group will be difficult to find a special lawyer for your representation. We may need the government to participate in some areas.

But good news is that we already have a lot of government – 50 general-major prosecutors, ready, prepare and pursuing and ability to track it. We don’t need CFPB in adding.

Brian Philipatic is the message of the monitor in a free organization and the professional rights faculty in the spokesman of the Law. He is the author of a “Chicago” (Chicago University Pressure “(University of Chicago University, 2019). He had ruled the law for senina Scounia and Senator John.