A new case could decimate state-level consumer protections against predatory banking practices.
A new case could decimate state-level consumer protections against predatory banking practices.
Hyper-capitalism has systematically weakened regulations to help capital at the cost of consumers. The verdict on the Elizabeth Holmes case illustrates the truth: Protecting private property is central to bourgeois law, not people.
High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.
The estimated cost for the project below doubled and now stands at $27 billion, which Georgia Power customers are already paying for thanks to a state law — since overturned — that allowed utilities to collect payment before a project is completed.
By seizing control of the Consumer Financial Protection Bureau and placing an ideological extremist in charge, US President Donald Trump has brought to the fore the deepest flaws in his administration’s founding myth. The gutting that now awaits the agency will visibly harm many of the ordinary people Trump promised to defend.
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