News @lemmy.world some_guy @lemmy.sdf.org 10mo ago

Trump-appointed judge halts Biden administration credit card late fee cap

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Fox News won't bother mentioning this to their viewers.

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Every time we elect a Republican president we have to start rolling the ball all the way back up the hill again. Every goddamn time.
- Good news! Apparently a lot of excitingly new young progressives are mad we haven’t rolled it back up high enough and are refusing to help!
  
  Wait. Okay, not good news. Sorry.
  
  Because they're not rolling it up fast enough! Can't you see? They just have to roll it faster and preferably all the way and then I'll get excited and help. Yup. Until then I'll be adding ankle weights to you too. And don't forget it's all your fault too.
  
  I don't blame people for giving up on a Sisyphean task
  
  It would be nice if they actually rolled it back up at all instead of just putting a chock block in to keep it in place until a Republican comes along.
  
  Which new young progressive lawmaker is refusing to push progressive reform? Or are you referring to voters abstaining?
- But but but but bOtHsIdEsSaMe.
Kudos to the paper for adding "trump appointed" in the headline - it's relevant and too often the context is left out.
- And I'm sure certain people will find a way to blame Biden for not doing enough
  
  If they could read they would be so angry!
Yeh, but the late fees are good for people. Free market and free market. Drain the swamp etc. Just pay your debt on time. Or something, both side the same, yada yada.

A great example of the current presidency trying to do something good for a lot of people.
- It's funny that the literal industry posterboy for not paying debts on time his entire career is now leading that crowd of "just pay your debts" 😂 He still isn't doing it himself, even with other people putting up the money to pay his debts for him
U.S. Chamber of Commerce

Oh. those people.
- In case anybody doesn't already know this, the Chamber of Commerce is a non-governmental organization of private (and also publicly traded) business owners that just sounds like it's part of the government.
  
  This ruling is a major win for responsible consumers who pay their credit card bills on time and businesses that want to provide affordable credit,” U.S. Chamber of Commerce Litigation Center Counsel Maria Monaghan said in a statement.
Lets check this persons bank account and see what the credit card companies gave them.
- Or told him to stop worrying about.
The m9st fucked up thing of all is that he first tried to not make a ruling at all, stating that it should be ruled at Washington DC because there weren't a ton of banks out of Texas. But they kicked it back to him and forced him to make a ruling on it.

He kind of tried to be responsible/sensible.
- He kind of tried to be responsible/sensible
  
  No, he tried to make someone else the bad guy, and ended up caving in as well.
- Yeah except that he ruled based on a previous ruling that the CFPB was improperly funded by Congress because it wasn't constitutional. This time it was properly funded so that no longer applies (basically ruling the way that the CFPB is funded -- via the Federal Reserve (they used to do some of the stuff that the CFPB now does) per the Dodd-Frank Act that Congress instead of being part of the normal annual budget is unconstitutional).
  
  Seems like an easy target for SCOTUS to kick the lawsuit back down to the circuit court and tell the court that it was erroneous in its ruling. But the SCOTUS isn't really predictable anymore, so who knows.
  
  No the SCOTUS IS predictable and in a bad way.
  
  I listen to a lawyer podcast and they said you can tell when SCOTUS is going to to do something horrible. Because suddenly they play nice and there's a lot of unanimous rulings that come out. You know like this year...
It's crazy how political courts have become. Or didn't I notice it in the past?
- Courts have always had a bias towards the status quo and moneyed interests. The Warren court was a historical aberration.
- I don't know if this is political or just downright croneyism. He made the ruling because somewhere someone is getting paid by debt companies who don't want to lose money. This is beyond politics since its infected both sides of the aisle, this is just corruption. We need campaign finance reform and a ban on lobbying.
- I think it's worse than ever, but I've only got my own observations to go on and not a fair study.
- Courts never stopped being political.

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