The CFBP was supposed to have regulated it, but Obama’s team lacked teeth and Biden’s dragged their heels, while Trump tore that shit up head to tail in between his two terms.
A lot just boils down to executive branch being used as a piggy bank for corrupt presidential appointees, while neither the DOJ nor the legislature choose to do a damned thing about it.
Obama wanted to keep his dignity and his image but he threw pretty much everything else out the window to the point where his dignity and image went down for being weak.
IMO, Lina Khan was maybe the best appointment of the Biden presidency and as FTC chair, pushed hard for consumers, even for unlikely winnable battles. Unfortunately the click-to-cancel [1] rule was struck down by the Court of Appeals, but I think if she were still in that position she’d fight the ruling. You’re right that the legislature needs to do their job and formally outlaw these practices, rather than having this be brought up by the FTC and struck down on a procedural matter.
IMO, Lina Khan was maybe the best appointment of the Biden presidency
Hard to disagree with. But then Harris did a bunch of backroom deals as part of her presidential campaign with an eye towards throwing Lina under the bus.
Unfortunately the click-to-cancel rule was struck down by the Court of Appeals
One of the more obnoxious consequences of our modern fascist turn is witnessing the role of the judiciary in theory versus practice. Identify and punish obvious predatory billers and scammers? Totally outside their scope or purview. Gut even the pretext of an administrative regulatory state? No problem.
You’re right that the legislature needs to do their job and formally outlaw these practices, rather than having this be brought up by the FTC and struck down on a procedural matter.
But we’re still back to the question of “Who does the enforcement?” Clearly not the CFPB. Clearly not the SEC or the FCC or the FTC. Clearly not the DOJ. Clearly not any state or local DAs office. Nobody is doing this work, even when they are fully empowered to it. Because if you try to challenge a powerful private entity, a bit of money changes hands and you’re fired.
$10 a month for doing nothing, how is that even legal?
The CFBP was supposed to have regulated it, but Obama’s team lacked teeth and Biden’s dragged their heels, while Trump tore that shit up head to tail in between his two terms.
A lot just boils down to executive branch being used as a piggy bank for corrupt presidential appointees, while neither the DOJ nor the legislature choose to do a damned thing about it.
Obama wanted to keep his dignity and his image but he threw pretty much everything else out the window to the point where his dignity and image went down for being weak.
IMO, Lina Khan was maybe the best appointment of the Biden presidency and as FTC chair, pushed hard for consumers, even for unlikely winnable battles. Unfortunately the click-to-cancel [1] rule was struck down by the Court of Appeals, but I think if she were still in that position she’d fight the ruling. You’re right that the legislature needs to do their job and formally outlaw these practices, rather than having this be brought up by the FTC and struck down on a procedural matter.
https://apnews.com/article/ftc-click-to-cancel-30db2be07fdcb8aefd0d4835abdb116a ↩︎
Hard to disagree with. But then Harris did a bunch of backroom deals as part of her presidential campaign with an eye towards throwing Lina under the bus.
One of the more obnoxious consequences of our modern fascist turn is witnessing the role of the judiciary in theory versus practice. Identify and punish obvious predatory billers and scammers? Totally outside their scope or purview. Gut even the pretext of an administrative regulatory state? No problem.
But we’re still back to the question of “Who does the enforcement?” Clearly not the CFPB. Clearly not the SEC or the FCC or the FTC. Clearly not the DOJ. Clearly not any state or local DAs office. Nobody is doing this work, even when they are fully empowered to it. Because if you try to challenge a powerful private entity, a bit of money changes hands and you’re fired.
The corpos write the laws.
Beats me