Thu, 6 July 2017
I asked America’s Money Answers Man, Jordan Goodman, to take a look at an op-ed written by NM Congressman Steve Pearce. It defends what’s called The Financial Choice Act, passed by the Republican majority in the House and presently bogged down in the Senate. Goodman, one of America’s top financial journalists says Pearce has some legitimate points, but overall the bill mostly benefits the already rich and powerful. For one thing it protects predatory pay day lenders and guts the Consumer Financial Protection Board, which has taken back from financial cheaters some $12 billion in 6 years.