Sen. Elizabeth H. Warren (D.-Mass.) and Sen. Brian E. Schatz (D.-Hawaii) have proposed the Freedom From Equifax Exploitation Act, but the real exploitation is Warren and her co-sponsor leveraging Equifax’s breach of personal information to expand the reach of Warren’s own creation: the Consumer Financial Protection Bureau.
For people, who have not heard of the CFPB, this rogue agency has morphed from its original intention of protecting consumers to becoming an agency that fights for powerful interests under the guise of consumer protection.
According to Forbes:
[The CFPB] has issued contentious rules, tortured data to make other rules, engaged in an extravagant spending spree, and even found itself blasted by the Government Accountability Office (GAO) for employment discrimination. Nobody has ever made a strong case that the pre-Dodd-Frank framework failed, much less that a new federal agency was necessary to protect consumers. CFPB advocates act as though there would be no consumer protection in financial markets without this government agency, but that’s demonstrably false.
Warren’s FREE Act would open the door to excessive regulation of a credit industry that provides a critical service to the markets.
The FREE Act mandates that credit agencies provide credit freezes and unfreezes free of charge, in addition to a number of other huge regulatory increases.
The bill seems innocent enough on the surface, but the broader intentions of Warren’s bill take a bit of deeper digging to find.
Warren has said she is intent on transforming the entire industry and the ultimate goal argued that this whole industry should be completely transformed,” she didn’t mean it lightly. This is simply the first of many steps in a federal takeover of the financial reporting industry.
If many Americans no longer trust Equifax with their personal information, then they would be no wiser to trust the federal government with their personal information.
Only the federal government and crony capitalist lobbyists, not consumers, will benefit from this new legislation.
After what was undoubtedly a horrific breach of consumer privacy, something must be done. Conservatives should support a free market-oriented solution to this problem, instead of an ineffective left-wing power grab.
Luckily, we already have an example to follow.
Pennsylvania lawmakers have proposed a more balanced bill, PA House Bill 1847, that could serve as a model for federal law. The bill outlines specific policies for dealing with credit breaches, and requires that credit agencies affected by a breach provide free credit monitoring for three years.
This is a smarter solution because instead of blanketly forcing all credit agencies to provide free credit monitoring, under the stern supervision of the CFPB no less, it incentivizes credit companies to increase their security and avoid a costly breach.
House and Senate Republicans need to vote down Warren’s the FREE Act, and introduce conservative legislation at the federal level that gives power back to the consumers, instead of to the bloated CFPB.
Anti-Trump RINO Nancy Mace Supports Retooled ‘Equality Act’ in Attempt to Dupe Conservatives
Mace is a disgrace.
Rep. Nancy Mace (R-SC) is supporting a watered down version of the Democrats’ “Equality Act” in an attempt to dupe Republicans into supporting the anti-conservative social justice legislation.
Former Delaware senate candidate Lauren Witzke is drawing attention to Mace’s latest sell-out as she attempts to drive the GOP away from Trumpism:
The Equality Act must be destroyed, not repackaged into a decorated word salad so Republicans can digest it @NancyMace.
It’s not too late, END this NOW.
— Lauren Witzke (@LaurenWitzkeDE) March 3, 2021
“RINO low IQ idiot, Congresswoman Nancy Mace is trying to repackage the Equality Act so the Republicans can pass it without getting backlash,” Witzke explained in a post on Telegram. “Same policy, different wording. Leave it up to republicans to raise the worst bill in U.S. history from the dead instead of lighting [its] corpse on fire.”
“I strongly support LGBTQ rights and equality,” Mace told me. “No one should be discriminated against.”
Mace made it clear that helping trannies become mainstreamed in society as they push to convince little children to change their birth gender is a priority of hers.
“It isn’t a black-and-white issue,” she said, “I do believe that religious liberty, the First Amendment, gay rights, and transgender equality can all coexist. I’m also a constitutionalist, and we have to ensure anti-discrimination laws don’t violate First Amendment rights or religious freedom.”
“I have friends and family that identify as LGBTQ,” Mace added. “Understanding how they feel and how they’ve been treated is important. Having been around gay, lesbian, and transgender people has informed my opinion over my lifetime.”
Mace wants to give LGBT members additional special privileges so she can receive plaudits from the mainstream media, even if it may be completely opposed to the long-standing principles of the GOP.
“There can be that balance,” Mace insists. “The Fairness for All Act … do[es] just that,” she offered. “We put in protections for religious liberty.”
A bill draft of the Fairness for All Act can be read here.
Big League Politics has reported on how Mace threw Trump under the bus as she denied the existence of voter fraud in last year’s election:
Freshman Congresswoman Nancy Mace (R-SC), who ran as a pro-Trump Republican to obtain Congressional office, has emerged as the most vicious Never Trumper in the chamber.
Mace is leading a purge against her colleagues who opposed the certification of dubious electoral college results last week. Mace even wants the deep state to investigate one of her colleagues in what is an egregious violation of her colleague’s 1st Amendment rights.
Mace first attacked Rep. Marjorie Taylor Greene (R-GA), a freshman pro-Trump lawmaker who has received frequent attacks from the fake news media. Mace repeated debunked talking points that Greene is a member of the QAnon movement, whose adherents were involved in last week’s Capitol siege.
“I’m disgusted by what you and other Q-conspiracy theorists did last week in the chamber after all of the violence,” Mace is reported as saying on a text thread featuring freshmen GOP lawmakers.
After Greene mentioned Black Lives Matter terrorism and told Mace “don’t believe the fake news,” Mace responded back with a rude, catty and unprofessional quip: “Literal QAnon lady trying to deny she’s a QAnon lady.”
… Mace is not content on merely insulting pro-Trump reps. She actually wants the deep state to investigate her pro-Trump colleagues and potentially charge them for supporting the president’s rally last week.
Mace is making even Dan ‘McCain 2.0‘ Crenshaw look good by comparison. The Trump-led GOP should consider putting her scalp on the wall so-to-speak during next year’s primary elections.
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