{"id":318811,"date":"2017-07-25T07:11:59","date_gmt":"2017-07-25T06:11:59","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/its-loan-shark-week-families-are-biting-back\/"},"modified":"2017-07-25T07:11:59","modified_gmt":"2017-07-25T06:11:59","slug":"its-loan-shark-week-families-are-biting-back","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/its-loan-shark-week-families-are-biting-back\/","title":{"rendered":"It's (Loan) Shark Week: Families Are Biting Back"},"content":{"rendered":"
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\"(Photo:(Photo: Ismagilov \/ Getty Images)<\/span><\/span><\/p>\n

It’s Shark Week<\/a>, but the most dangerous predators this year aren’t on TV or at the beaches — they are in Washington DC, where they are menacing families with the help of their chums in Congress.<\/p>\n

From payday loan sharks to Wall Street bottom-feeders, financial predators of all shapes and sizes are descending on our capital to take a bite out of financial protections.<\/p>\n

Over the past six months, we’ve seen these sharks swarm in a feeding frenzy on our rights. GOP-backed Trumpcare wants to destroy Medicare and Medicaid, and take health care away from millions of Americans.<\/p>\n

The Trump administration’s proposed budget slashes funds for public housing, food assistance and protecting the environment.<\/p>\n

Newly appointed Education Secretary Betsy DeVos is refusing to to forgive loans to students defrauded by for-profit colleges, while seeking to funnel millions of dollars into for-profit charter schools.<\/p>\n

On issue after issue, the GOP, the president and his team prioritize corporate tax breaks and tax cuts for the wealthiest one percent.<\/p>\n

Sharks Attack the CFPB<\/strong><\/p>\n

In their latest attack on everyday people, Trump’s corporate sharks have set their sights on our financial system’s lifeguard: the Consumer Financial Protection Bureau (CFPB).<\/p>\n

After Wall Street speculation nearly sank our economy in 2008, Congress created the CFPB to stand up for consumers and give them a voice — and some equal footing — in dealing with banks and lenders.<\/p>\n

The CFPB is a lifeguard for families making financial decisions. The CFPB is there when a shark gets us in their jaws through trickery or fraud — coming to the rescue and a chance for justice.<\/p>\n

It was the CFPB that uncovered Wells Fargo’s massive effort to defraud consumers by opening fake accounts. Since it began, the CFPB has returned $11.8 billion to more than 29 million consumers defrauded by big banks and financial companies.<\/p>\n

The CFPB rescues shark-attack victims; they issue rules that protect consumers from unfair and…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Photo: Ismagilov \/ Getty Images) It’s Shark Week, but the most dangerous predators this year aren’t on TV or at the beaches — they are in Washington DC, where they are menacing families with the help of their chums in Congress. From payday loan sharks to Wall Street bottom-feeders, financial predators of all shapes and […]<\/p>\n","protected":false},"author":1,"featured_media":318812,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-318811","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/318811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=318811"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/318811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/318812"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=318811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=318811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=318811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}