No matter where you are we will come to you

DO I HAVE A CASE?

Consuming the Consumer?

Coming out of Thanksgiving, did you feel like this? Maybe I am blog confessing!

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Of course, this ad tells us it’s that time of year, not to mention that it’s a bit creepy. Right? Hopefully he is just being funny!IMG_1582

Which brings us to the real topic of being a consumer (since we are being bombarded with ads online and on TV that we need to shop)  and whether or not the U.S. Consumer Financial Protection Bureau (CFPB) is protecting us, or slowing down business. (Is it causing Air Jordans to go up in price?)

The Agency was originally created under the Obama administration. It’s first director touts its accomplishments by stating that nearly 12 billion dollars were returned to consumers who were “cheated or mistreated by banks or other large financial companies“.

President Trump tweeted that the leadership of the CFPB “has been a total disaster as run by the previous Administrations pick. Financial institutions have been devastated and unable to properly serve the public. We will bring it back to life!”.

Here’s the politics as described in USA Today (article) It’s a story about dueling appointments and why.

On Friday, the original Obama-appointed pick stepped down and appointed his own replacement, his chief-of-staff. (Leandra English)  Under the law, the appointment names an acting director until the Senate can confirm a new pick of President Trump.

On Friday, Trump announced that he was appointing his budget director to also serve as the new acting director of the agency. (Mick Mulvaney) Mulvaney once characterized the consumer protection agency as a “sad, sick joke“.  Mulvaney said that he intends to head the agency and continue his current job, until a new agency director is appointed.

So the question for the courts becomes, does President Trump have the right to name a replacement until the Senate confirms a nominee, or does the current appointment by the prior agency director stand, until confirmation of a new appointee.

Why is this appointment so important. Well, if the supporters of the agency are right, then this agency protects consumers. If the Trump administration is correct, then the agency must be changed or dismantled because it creates major obstacles with his burdensome regulations.

Politics! The article details more about the agency. But this story and the upcoming appointment fight?  It makes holiday shopping and crowds seem like a walk in the park!

Finally, I guess I felt that I had license to post our first holiday pic o’ day. Here we go!

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