[Kzyxtalk] The Consumer Financial Protection Bureau -- on KMEC Radio, Monday, October 17, at 1 pm, Pacific Time

[sako4 at comcast.net]

FOR IMMEDIATE RELEASE 

On October 11, 2016, the United States Court of Appeals, District of Columbia Circuit, dealt a devastating blow to the Consumer Financial Protection Bureau (CFPB). The Court ruled that the structure of the CFPB is unconstitutional. The Court did, however, reject the idea of shutting down the CFPB. 
See: http://online.wsj.com/public/resources/documents/cfpbphhruling.pdf 
House Republicans hailed the decision as "good for democracy, economic freedom, due process and the Constitution." In truth, the decision speaks to why it has been so hard to bring real reforms to Wall Street, the Dodd-Frank Act notwithstanding. 
Our guest is investigative journalist, Arun Gupta. 

Gupta has dealt with the CFPB for his story in The Nation about the regulation of inmate debit cards and the prepaid card industry. 
See: https://www.thenation.com/article/the-financial-firm-that-cornered-the-market-on-jails/ 
The story revealed how important financial regulation is and why the CFPB must be allowed to have a strong hand, and the resources that the CFPB needs to regulate a financial industry that builds many of its products on predatory products and services. 

Listen at KMEC Radio on Monday, October 17, at 1 pm at 105.1 FM in Ukiah, CA. We also stream live from the web at www.kmecradio.org . All shows are archived and available as podcasts. 

John and Sid are our hosts. 


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