Full disclosure: Trump bad! Biden good!
Impressive considering he reports directly to MBNA.
The article misrepresents it a bit because he didn’t just back it. He actually WROTE that bill.Don’t forget this article:
How Joe Biden helped build a financial system that’s great for Delaware banks and terrible for the rest of us.
https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/
Full disclosure: Trump bad! Biden good!
I think people are downvoting you because you didn’t start with that disclosure.
BAPCPA made it harder for consumers to file for Chapter 7 by imposing a “means test” for Chapter 7 eligibility, and by substantially increasing the cost of filing for bankruptcy.
BAPCPA’s passage was one of Biden’s long-sought goals as a senator. Not only did Biden vote for the legislation four times between 1998 and 2005, but he was so singularly committed to its success that he inserted it into a foreign-relations bill in 2000, and later was the sole Democrat on the Senate Judiciary Committee to vote for the bill.
Biden also consistently voted against efforts to soften BAPCPA’s blow on vulnerable populations
Lmao
Full disclosure: TRUMP bad! Biden GOOD!.
It’s why I never voted for that piece of shit. The very architect of my indentured servitude (presumably but not demonstrably) wanted and wants my vote. Wouldn’t even piss on him if he was on fire. On fire much like Aaron Bushnell who set himself on fire trying to break through this country’s propaganda wall to bring attention to a literal genocide enabled by the executive orders from this same piece of shit Zionist.
How far gone is electoralism in the US when the incumbent can run virtually unopposed while enthusiastically enabling a historically brutal genocide?
Fun days ahead!
Disappointed in the comments here so far. There’s a cardinal rule of improv that also works well for many other things in life, politics included: “yes, and”.
This is a great change that will save folks money and make the country just a little bit fairer. Celebrate that, and then use the momentum to push for more. This builds alliances and a shared vision, instead of devolving into petty squabbles around direction.
Full disclosure: Trump bad! Biden GOOD!
You’re disappointed but personally, it’s hard NOT to feel a great deal of schadenfreude when:
the guy who, for his entire career, has openly accepted bribes in exchange for legislation that is economically violent toward his own constituents now presumably wants the exact same constituents he sold out to vote for him
and is using small, meaningless crumbs to gain that vote when he could have just NOT ENABLED A GENOCIDE.
If this situation doesn’t make you a true believer about there being no hope, I honestly don’t know what will. I lost hope in 2016 and have just been laughing through the bullshit since then. It’s exactly as real as pro wrestling at this point.
It’s definitely a start.
You can please some of the people some of the time, but none of the people all of the time.
Do you mean all of the people none of the time?
Same difference
“all of the people none of the time” means you will never please 100% of everyone. As in, maybe some people, but not everyone.
“none of the people all of the time” means you will always please 0% of people.They’re very different statements.
How so?
“I can please none of the people all of the time,” equates to, “I can always please no one,” or… “I can never please anyone.”
This is not the same as, “I can please all of the people none of the time,” which is, “I can never please everyone.”
“I can please none of the people all of the time,” reads to me as there is no one you can please every time; i.e. you will disappoint everyone at some point. Which I feel is as true as not being able to please everyone.
I hear you. Look into the difference between contraposistive and converse.
Holy shit how are Boe Jiden’s consumer protection agencies so based all day long? Not only do we have this EXCELLENT SHIT from the CFPB, we also get the constant anti-trust lawsuits from QUEEN Lina Khan, who is making the FTC relevant again!
Antitrust has been dead for generations, and for the first time in my+grandparents lifetime we see the government trying to reign in the travesty that is American corporatism. Fuck damn I love to see it!
Also capped insulin prices and old people drugs. The man is speedrunning pothole legislation, oh yeah and he literally fucking made a national pothole fixing Bill.
Biden is definitely going down like Carter where 2 decades later everyone benefits from his presidency and are like “fuck he was actually pretty good”.
Lemmy leftie morons: JoE BiDeN hAtEs Us!
It’s like they ignore all of this news and act like all he’s ever done is beat the shit out of rail workers…
Great step forward. Now eliminate debit card overdrafting and those fees.
The U.S. Chamber of Commerce said it would be filing a lawsuit against the CFPB "to prevent this misguided and harmful rule from going into effect.”
Don’t hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically.
Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.
How about fucking “convenience fees” when I do shit like pay my fucking rent?
Always real “convenient” that there’s a charge for paying your bills.
Even though banks will still be able to charge limited overdraft fees, it won’t be able to exceed the banks’ losses under the rule. The CFPB has not finalized an amount but is exploring overdraft fees capped at $3, $6, $7, or $14, plus $.50 per transaction. The overdraft rule is currently under review.
They need to move their asses on this one. I think many banks charge $25-35 for an overdraft, an absurd amount of money that is obviously being charged to someone who doesn’t have money.
I know somethat charge that DAILY!
they’ll just charge 40% interest on that late fee.
And then drop your credit score 120 points for a single missed payment. That’s the problem with credit cards that needs to be fixed.
I love all the little things his administration keeps doing, and they’re good. I just wish he had some big initiative he could hang his hat on. Little things like this - while good - don’t really get people excited and aren’t the sea change(s) we need.
I know, a big part of that is congress.
But damn surely there’s a lot more ballsy stuff that could have been done by now. Weed not being federally legalized yet is stupid, for one thing.
There are a lot of big things that would be celebrated if our media covered it differently and if Biden was as self-aggrandizing as Trump.
But the little things are really what make me want to vote for Biden again. This is competent governing. In my field, I’ve seen how the little things lead to big things. Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US. A huge accomplishment from one little approval.Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US.
And now I understand why my dad randomly decided to talk about “windmills killing whales.” As if he ever gave a shit about them before right wing media told him to be mad about it…
This is great and all, but yeah. This is “yay, the world is very slightly less crappy.”
Would you rather nothing was done?
We need interest caps and a social safety net so people don’t have to turn to 29% predatory lending.
Interest caps mean that poor people just won’t get any credit at all.
Yeah, because lenders are going to turn down 10% if they can’t get 29%…
10% guaranteed is more than enough to motivate lenders.
It’s never truly guaranteed, even if there’s collateral.
Guaranteed as in rate of return for the lender…
Like, yeah, there’s some breakage, but your return on investment is going to be close to interest rate.
Buy a stock and you might beat 10%, you might not.
Buy debt, and you get your interest or sell it to a third party for a smaller amount, likely still more than the amount loaned, just piled high with interest.
If you are credit worthy and lenders can give you 10% they will, because there is another lender out there that will give you 10% if you are good for it. If you are getting a 29% interest rate it’s because you are a default risk, it’s unsecured, a short term loan, or any combination of the 3.
Rates just don’t come out of thin air. It’s based off of risk. If you cap rates at 10% then the only people who will get credit at 10% are going to be wealthy people.
If you are getting a 29% interest rate it’s because
That’s credit card interest…
And we’re talking about credit cards…
At least I am, and everyone else. Because this is the comment section of an article about credit cards.
If you’re talking about something else, maybe you should let people know? Or at least be understanding when others can’t read your mind.
