Daily Digest – November 28. Sen. Warren Calls For Review of Trump Transition; Playing Political Football With CFPB

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SEN. WARREN CALLS FOR GAO REVIEW OF TRUMP’S TRANSITION 

MKT-193_AD_Competitor-Rebuttle

CFPB SHOULD NOT BE SENT TO ‘SLAUGHTER’: REPORT 

  • A column has been making the rounds among newspapers across the country over the Thanksgiving holiday. Written by a financial planner who publishes on the website, NerdWallet, it is a “plea not to send the watchdog to slaughter,” and listing all the reasons why the CFPB should be defended under the incoming Trump administration. The article mentions the $136 million consent order with JPMorgan Chase that has become a bellwether for how debts are bought and sold across the country.

ALL THE FURY OVER CFPB IGNORES ITS MISSION: PROFESSOR

  • At the same time, a professor of sociology who says he is working on a book about the CFPB says that all the rhetoric and vitriol that is being spewed about the agency and its future is glossing over the true issue: the CFPB has a “modest” mission – to make sure markets are fair, safe, and free.

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Not sure why you would do it, but here’s what happens when you crush a $40,000 gold bar in a hydraulic press

The myth about cowboys

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