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lizabeth war on on the line with us elizabeth warren dot com
former special buys into the president
the the
godmother with that the the
uh... consumer financial protection
so well what the who worked hard and comparing complete though that is great
and and the it has this is the first anniversary of its that more first
birthday the expert they right and uh...
uh... kick that capital one tell us tell us what it's doing it what what the
agency the you help the birth is up to and and why that's important for us
tonight
didn't really couldn't remember how we got the cajun beginner
uh... at we had
upset during the predatory mortgages uh...
cheating on um...
a credit card streaking in trapping people do not want to
and throw the idea behind on consumer agency went to try to top that and pick
a
gotta have a level playing field of week in washington for families and we'll
call upon the date to make sure everybody's following the rules
coherent baby agency just
barely underway
and it's now a broad it's first in portsmouth action they call it
but here's what it really means they caught one of the country four checks
credit card issuers capital one
we had handed
uh... just cheating their customer people would call in to activate a
credit card
and they found out that they were
tricking them on adding extra fees an extra charges info on
they called him a lot on it
and they made in aka recap pay-back every penny
to the customers that they cheated plod interest
plug
millions of dollars and falling felt pretty good deal
yeah well and not only that is sounds like the ease and see the consumers the
uh... finance professor financial protection agency here
uh... centromere the same cannot seat belt city
that it actually has now recovered more money than it costs to exist
isn't that an amazing thank
get out there is a reminder
you can get out there and make a damn thing work in washington npcs judd juan
me enforcement action
and now here's what really amazing about it
and what they've done a if they'd get lucky
it's not enough just to give consideration a
from twenty five dollar gift certificate at our economy only in india lol
feasting
the real point into play
say you gotta make people whole
when you get out there and cheat somebody you guy can't all the money
back and it's your responsibility to get it back
and you've gotta pay a fine didn't have an agency that the watchdog
that handsome realty and that's
that's pretty good lighting
yeah no you you're running for the necessary uh... in massachusetts it was
born dot com people can get more information on that
and anil you're taking a lot of political hits
for having brought this agency into being there's a lot of republicans in
particular who wander who wanna basically defund the repeal that uh...
say you know this is an example of government regulation a strangling
businesses in iran iraq you know how it you know the the ref
on curious how you respond to that
it's kind of comments
their destiny and mailing party package
we've got a consumer agent the audit back up just a little bit
but we've got good consumer agent
not by going to washington in saying gee can we cut a deal funny and find it
if will agree to cut in the parmar fit which you agree that go with the agency
and how about if we
cutaway gov can hop a litmus following way
and he's been we've realized from pat buchanan
that dipankar the lobbyists
were lined up against into agency big-time and carefree and in washington
their friend in the united they senate we're gonna do everything they could to
block it
and fitness into really camp or of playing the piano find game
the way we got that agency as we got people organized all accross this
country
who learned about the agency cared about the agency who are organize it on
email with james to aren't
who jumped cared about
and though when the day k
kilby agency in the united state
we have enough people pushing back
instead the mexican somebody tells you nothing as possible he can't make real
change in washington
total faith back to
consumer financial protection bureau
we've got it because we got it working nine and pushed back
don't give a doesn't mean the fight is over
in the republican pat pat
if they get in control of the united today senate
they are going to repeal it uh... eppadi had said
excuse me if he is in the white house
then he is gonna get rid of all the financial regulation concluding this
container agency
but what that really kills me
if it means
we can still have the fight
we've got a good strong agency if we can hold onto it
we can get something done
and uh... so it matters we are out there still watching to make sure it did
agency duncan kept weakened
that's what really matters
and end
it seems that honey if if they've if this if the c_p_b_ has been able to do
this with one bank and get this kind of money back
there's a whole bunch of banks out there who have been pulled off the same kind
of things to the following day the resources to go after them
appetite for ticket
big here
is that uh... if we end up out last week
pecan humor agency and now it's twenty happened
and what it wants a capital one was going to have
dead how much they were going to have to both
admit what had gone wrong with what up one of those you know
neither admitting or to conduct or i think they have to admit what had
happened
they had to agree to pay the money back had to agree to pay pick find intuit
very publicly
you gotta figure every other credit card company in america looked left left
right said
looks like maybe they're good
a new cop on the beat uh... and that's gonna have some impact
rights you expect that the clicker agreements that we sign will start
being a little more like english or the practices the credit card companies
might change that with the amazing thing their cineplex ticket area
article that i think any exchanges going in the right track
i gotta tell you we go long on whether to go
leon like i can't promise book at the six tomorrow everything connected with
the congress party about their birthday next time around
what matters
they act on and he's listening to good some hardman program calling six six
hundred seventy eight julia elizabeth one elizabeth one dot com
drinking so much
history thank you so much for helping i'm very grateful