A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
US District Judge Mark T. Pittman, an appointee of former President Donald Trump, granted a preliminary injunction to several business and banking organizations that allege the new rule violates several federal statutes.
These organizations, led by the right-leaning US Chamber of Commerce, sued the Consumer Financial Protection Bureau after the rule was finalized in March. The rule, which was set to go into effect Tuesday, would save consumers about $10 billion per year by cutting fees from an average of $32, the CFPB estimated.
You’re technically correct, but only because the DNC drinks from the same neoliberal Kool Aid. The apparatus is now mostly run from their bloated privatized consultant class (campaign consultants, media firms, polling outfits, etc.).
Of which, I’m sorry to say, I have spent time both employed by personally, as well as many years in close proximity to, outside of my own direct professional engagement.
I love how, on Lemmy, you think that it’s more likely that I’m actually a deep cover foreign asset, then a citizen who’s happened to have worked in the disgustingly large multi-billion dollar campaign industry.
But please, tell me more about how your intimate knowledge of our body politic is more nuanced and insightful then mine.
You call me angry and disgruntled, but your political philosophy is “I’ll compromise on literally anything, as long as I’m told it’s for the greater good”.
Trump would be awful, but he’s not the end of the line of awful candidates and I’d rather take my chances with a DNC that is responsive to it’s base, and not it’s donors. That can’t happen unless they fear their base will pull support, which is why they’ve trained them to always compromise.
Isn’t it funny though, that the compromise only works in one direction: to the right and for the benefit of the donor class.