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.
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HUH? Matt Gaetz Helps Disgraced Globalist RINO Scott Turner Attempt Return to Congress
Gaetz’s association with this RINO is worrisome.
Rep. Matt Gaetz (R-FL) has gained a reputation as a Congressman who embodies “America First” principles, but he will be fundraising for a disgraced RINO from Virginia who hopes to regain a Congressional seat he lost in 2018 due to his campaign’s corrupt actions.
Gaetz will be appearing with former Congressman Scott Taylor on Thursday in Newport News, Va. for a “meet and greet” at 2nd Street, an American Bistro. There is also a private roundtable event with Gaetz and Taylor that is available to those willing to pay an unlisted price for access to the duo.
Taylor lost his 2nd District Congressional seat to former Navy commander Elaine Luria, a Democrat, in the 2018 mid-term elections after only one term in office. Luria defeated Taylor by a 51 to 48 margin, as voters rejected Taylor following an embarrassing petitions scandal.
Taylor’s team was accused by Democrats of forging ballot signatures for a third-party candidate in a desperate attempt to split the vote. Judge Gregory Rupe ruled that the concerns of the lawsuit filed by Democrats were valid, and the independent candidate was thrown off of the ballot as a result. Taylor’s staffer would eventually be indicted for campaign fraud as a result of the actions taken for the campaign.
“Scott Taylor is a disgrace,” said Waverly Wood, Founder of the Virginia Freedom Caucus. “He’s an embarrassment to the party. This is exactly what you would expect from the RINO establishment.”
Big League Politics has reported on Taylor’s sad history as a RINO in Congress, supporting open borders and attending a Soros-funded globalist summit.
“This bottom feeding Washington group, NumbersUSA, is being completely disingenuous with this BS Ad. This is a group that raises money off people’s fears,” Taylor said of the anti-illegal immigration organization that pointed out his support for amnesty.
Taylor also spoke in favor of foreign aid to the Soros-funded Global Citizen summit in Sept. 2017.
“Good evening fellow Global Citizens,” he said. “It’s great to be here and an honor to represent Virginia.”
“Now is not the time to cut foreign aid,” Taylor said during his speech that lasted about a minute.
His appearance at the blatantly globalist event can be seen here:
The connections between Gaetz and Taylor go back several years, as the men have campaigned with each other and exchanged contributions between their respective campaign committees.
Live in NWF and want to see a young, energetic, conservative congressman in action? Aug 2 fmr Navy Seal Congressman Scott Taylor will join us for a YUGE rally in Niceville! @Scotttaylorva https://t.co/6LfpaHMG9m
— Matt Gaetz (@mattgaetz) July 21, 2018
Open Secrets shows that the Friends Of Matt Gaetz committee donated $2,000 to Taylor’s campaign to help the disgraced RINO get his Congressional seat back. Records retrieved from FEC.gov also show that Scott Taylor for Congress gave Gaetz’s Congressional campaign $2,000 in Aug. 2018.
It is impossible to know Gaetz’s motives, as he did not respond to the request from Big League Politics to explain his associations with the RINO Taylor.
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