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Disappointed in the comments here so far. There's a cardinal rule of improv that also works well for many other things in life, politics included: "yes, and".
This is a great change that will save folks money and make the country just a little bit fairer. Celebrate that, and then use the momentum to push for more. This builds alliances and a shared vision, instead of devolving into petty squabbles around direction.
It's definitely a start.
You can please some of the people some of the time, but none of the people all of the time.
Full disclosure: Trump bad! Biden GOOD!
You’re disappointed but personally, it’s hard NOT to feel a great deal of schadenfreude when:
and is using small, meaningless crumbs to gain that vote when he could have just NOT ENABLED A GENOCIDE.
If this situation doesn’t make you a true believer about there being no hope, I honestly don’t know what will. I lost hope in 2016 and have just been laughing through the bullshit since then. It’s exactly as real as pro wrestling at this point.
The problem is that supporters of the "business as usual politicians such as this (or pardoning federal inmates convicted of marijuana possession of which there were zero) hold things up like this whenever one criticizes them in order to claim that they're doing so much to help the country.
Throwing scraps on the floor in order to get better polling numbers before an election isn't serving the people.
Then criticize them then and have them stay on topic, and I'll be right there with ya. Right now though, they're not using it as a bludgeon. It's just a nice win. Do you not see how your approach will lead to nothing but cynicism over time? Even if you strive not to, you will begin to view every win as some sort of maneuver to get one over on you.
Biden started the momentum for capping late fees over a year ago. He mentioned it in his State of the Union address. This is just how government works. I don't think having some progress made in March of an election year after initiating desire to make progress over a year ago is scaps on the floor. It is competent governing.
Holy shit how are Boe Jiden's consumer protection agencies so based all day long? Not only do we have this EXCELLENT SHIT from the CFPB, we also get the constant anti-trust lawsuits from QUEEN Lina Khan, who is making the FTC relevant again!
Antitrust has been dead for generations, and for the first time in my+grandparents lifetime we see the government trying to reign in the travesty that is American corporatism. Fuck damn I love to see it!
Also capped insulin prices and old people drugs. The man is speedrunning pothole legislation, oh yeah and he literally fucking made a national pothole fixing Bill.
Biden is definitely going down like Carter where 2 decades later everyone benefits from his presidency and are like "fuck he was actually pretty good".
Lemmy leftie morons: JoE BiDeN hAtEs Us!
It's like they ignore all of this news and act like all he's ever done is beat the shit out of rail workers...
Yeah I can't believe he personally crucified union members with railroad spikes, I thought that was overboard, if a little impressive at his age.
The banking industry opposes caps on overdraft and credit card late fees
I'm shocked
I love all the little things his administration keeps doing, and they're good. I just wish he had some big initiative he could hang his hat on. Little things like this - while good - don't really get people excited and aren't the sea change(s) we need.
I know, a big part of that is congress.
But damn surely there's a lot more ballsy stuff that could have been done by now. Weed not being federally legalized yet is stupid, for one thing.
There are a lot of big things that would be celebrated if our media covered it differently and if Biden was as self-aggrandizing as Trump.
But the little things are really what make me want to vote for Biden again. This is competent governing. In my field, I've seen how the little things lead to big things. Like the approval of off shore wind farms that were stalled under Trump are now approved and constructed leading to the first utility scale offshore wind farm in the US. A huge accomplishment from one little approval.
Trump will probably campaign saying, “In 2024 I reduced junk fees,” and his people will believe him.
The Inflation Reduction Act is one of the most significant pieces of legislation in a long time
We need interest caps and a social safety net so people don't have to turn to 29% predatory lending.
That kind of commie talk makes St. Reagan cry.
Great step forward. Now eliminate debit card overdrafting and those fees.
The U.S. Chamber of Commerce said it would be filing a lawsuit against the CFPB "to prevent this misguided and harmful rule from going into effect.”
Don't hold your breath. The current state of the judiciary is nakedly hostile to administrative law generally and bank regulations specifically.
Keep an eye on Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. Might not even have the CFPB for much longer.
... will close a loophole to slash late fees charged by credit card companies from an average of $32 to $8, which the agency projects will save $220 annually for 45 million Americans.
Someone double check my math here. But I'm reading this statement to say that 45 million Americans are - on average - late on 10 credit card payments each year. That's probably not a good sign of a healthy economic outlook.
49% of Americans can’t afford a 1000$ emergency. I can see why you would use your credit card, try to pay it with your next paycheck, paycheck is late (because of course it is) then miss credit card payment.
Those are very thin margins that a lot of Americans deal with.
Watch the credit card companies switch to charging late fees per day instead of per month that you're late.
Let's cap fees doctors can charge for missing an appointment. Since doctors seem to want to schedule months out sometimes shit comes up and we don't know our schedule months away.
I mean, if you have other shit going on that day, it's kinda on you to cancel or reschedule your appointment before whatever cutoff they have instead of just not going.
You made the commitment to be at your appointment at the scheduled time, and if you no show that's time that could have been spent seeing another patient and money they can't make because of your actions.
I've never had an issue if something came up the day of and I needed to reschedule, as long as I called the moment I knew I might not make it.
This is true, but if I made an appointment for 9, how come I don't see anyone but the nurse for two hours?
Seems like the doctor doesn't have a commitment to take care of my problem at the scheduled time.
Even though banks will still be able to charge limited overdraft fees, it won't be able to exceed the banks' losses under the rule. The CFPB has not finalized an amount but is exploring overdraft fees capped at $3, $6, $7, or $14, plus $.50 per transaction. The overdraft rule is currently under review.
They need to move their asses on this one. I think many banks charge $25-35 for an overdraft, an absurd amount of money that is obviously being charged to someone who doesn't have money.
Full disclosure: Trump bad! Biden good!
Impressive considering he reports directly to MBNA.
The article misrepresents it a bit because he didn't just back it. He actually WROTE that bill.
While they're at it, why not cap processing fees as junk fees? It for sure doesn't cost 2.9% of your grocery bill to facilitate the payment- it's all automated and there's little to no labor involved in the actual processing, it's just collecting economic rent
Okay. Why can't they just get rid of the fees altogether? Why do we need to have ANY kind of junk fees for anything? Oh wait, I know. To make rich people richer.
Like they're going to just take the lack of those fee profits off the bottom line. Look forward to the new and/or increased yearly fees now.
Is your suggestion to just continue to pay the companies whatever they ask for without a fight?