Judge blocks Biden administration rule capping credit card late fees at $8
Judge blocks Biden administration rule capping credit card late fees at $8
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.
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.
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The next president needs to pack the Federal court benches. I am getting so tired of right wingnuts upending democracy with these BS rulings.
This kind of stuff is absolutely the number one failure of Democrats. They want to play fair and by the rules, so when there's opposition to their appointments they just lie down and accept it until the Republicans get exactly who they want. Meanwhile the Republicans will lie, cheat, and slander their way to anything they want, including getting ultra-conservatives in on positions that aren't supposed to be political.
Biden's been way better in this regard which is part of what makes him way better than previous Democrat presidents. But I still don't have high hopes for "the party of compromise" in getting progressives in these kinds of positions. In particular, we all remember what happened at the end of Obama's presidency with supreme court judges and Roe v Wade.
Democrats use "fair and by the rules" as an excuse for failing at playing politics. It was clear what was going to happen. Nobody did anything except the Republicans who capitalized everything everywhere for a decade. Democrats and liberals are still unaware what happened
You guys are missing an essential point — conservatives control the narrative.
- From Fox News blowing MSNBC and CNN out of the water in ratings
- Right-wing talk radio pioneered by Rush Limbaugh
- Indoctrination Centers (churches) across America...
Conservatives LONG won the information war.
What does this mean? Republicans can do no wrong while Democrats are held to an infinitely higher standard and anything they do is hammered home to the ignorant, uneducated average American FAR greater than what Democrats can do to the right.
Things have marginally improved in the last 10 years as the recognition of Botherism has expanded, but let's not forget: (1) Republicans still have the majority of the money, (2) Republicans won huge with Citizens United and SpeechNow decisions, and (3) they're assholes and assholes will beat you with experience.
Catering to a broader coalition on the left that is also far less confrontational by the nature of being more empathetic is also something that we as a group must come to terms with. Our rallying points have never been blind loyalty and fear-mongering like the Right uses with the literally biochemically-altered conservative brain (studies on MRI testing prove this). We gather strength through vision, hope, solidarity, love — hence why Obama's Hope & Change message in 2008 was pure genius.
Though I will say I do agree there is a certain type of character we can seek to promote on the left, like AOC, like Bernie, like Warren, and like even Swalwell. Someone not afraid to push the bully back. Hopefully we learned a big lesson from Obama's era of capitulation and seeing his hand get smacked down over and over as he tried to reach across the aisle.
My personal saying has always been: Democrats rule with incompetence. Republicans rule with spite and malice.