Keep the Cops on the Beat

A message from our friends at US PIRG about the importance of protecting the Consumer Financial Protection Bureau:

When a tired TV show desperate for viewers goes over the top with wacky plots, it is said to have “jumped the shark,” as when Fonzie of Happy Days jumped a shark while water-skiing. It didn’t work and the show faded. Unfortunately, even after the Wells Fargo debacle and even as bank profits return to record levels after the 2008 financial collapse, it hasn’t happened with bank deregulation “viewers.” Members of Congress viewing bank demands continue to show an unslaked appetite for granting them — even the most over-the-top, outrageous proposals to take consumer and financial system safety cops off the bank beat. Meanwhile, the public — by wide, non-partisan margins — wants to keep the cops on the beat.

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