I'm pretty sure I would pay 2 dollars to not have to deal with any of those consequences.
I'm pretty sure I would pay 2 dollars to not have to deal with any of those consequences.
For a recap: https://youtu.be/ovcno7tiZas
Those 'costs' to society are 'profits' to the banks. You don't get to have a choice about it. Elon is in charge and he's going with the banks.
We have, in no particular order:
- The FDIC
- The SEC
- The Federal Reserve Board
- The Office of the Comptroller of the Currency
Those agencies regulate banking. Then we can go further and we have:
- The National Credit Union Organization
- The Financial Industry Regulatory Authority (FINRA)
- The Financial Insurance Office (part of Treasury)
- The Office of Foreign Assets Control
- The Securities Investor Protection Corp.
- The Commodity Futures Trading Commission
- EBISA, ERISA, PBGC for retirement plans...
And we need an additional agency because...?
We don't need the CFPB.
Until someone can answer me that question with a link to a form I can fill out with an agency that has a track record of actually fixing these problems, you've made no progress on convincing me we don't need the CFPB.
It's not obvious to me that some other agency will pick up the same responsibilities. If it happens without a budget change elsewhere then obviously DOGE would be right in cutting this particular agency.