<html><body><div style="font-family: Arial; font-size: 12pt; color: #000000"><div><br></div><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;"><div><br></div><div style="font-family: Arial; font-size: 12pt; color: #000000"><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>FOR IMMEDIATE RELEASE</span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span><br></span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>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.</span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span> </span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>See: http://online.wsj.com/public/resources/documents/cfpbphhruling.pdf</span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span> </span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>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.</span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span> </span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>Our guest is investigative journalist, Arun Gupta. </span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span><br></span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>Gupta has dealt with the CFPB for his story in The Nation about the regulation of inmate debit cards and the prepaid card industry.</span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span> </span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>See: https://www.thenation.com/article/the-financial-firm-that-cornered-the-market-on-jails/</span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span> </span></div></div><div style="color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; white-space: pre-wrap; background-color: #ffffff;"><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>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.</span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span><br></span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>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 <a href="http://www.kmecradio.org" target="_blank">www.kmecradio.org</a>. All shows are archived and available as podcasts. </span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span><br></span></div><div class="_1mf _1mj" style="position: relative; direction: ltr;"><span>John and Sid are our hosts.</span></div></div><div><br></div></div></div><div><br></div></div></body></html>