Posted by William Charles on April 4, 2018
Recaps

Published on April 4th, 2018 | by William Charles

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Recap: CFPB News, UberRUSH To Shut Down, Marriott Promo & More

 



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Brian C
Brian C

No go for me on the Marriott Promoton

Phil
Phil

“Mulvaney also sponsored legislation to abolish the CFPB — the very agency he’s now in control of as interim director.”

Sounds like a recurring theme in this administration..

This SNL skit says it all:
https://www.youtube.com/watch?v=u-w5wbu7GBE

Andrew
Andrew

It’s kind of crazy. The CFPB has to be one of, if not the best, government agency out there right now protecting normal people against large corporations.

Gordon
Gordon

I was successful in enrolling for the Marriott promotion.

Credit
Credit

[comment removed. Read the rules]

JF
JF

You win the nonsensical rant of the day award.

Rich
Rich

[comment removed, read the rules]

lei
lei

[comment removed, read the rules]

Ann
Ann

Pasting the link doesn’t count as a quote from the article, lol.

Parkerthon
Parkerthon

“The CFPB was created in the wake of the financial crisis after reckless mortgage lending and investing by financial institutions helped drive the country into recession and sparked a wave of millions of home foreclosures.” And like many bureaus planted into this world out of a noble need, they quickly become invasive and spread their tendrils into everything.This isn’t Trump, this is republican’s problem with using unchecked government bureaucracy to solve ALL our problems. Frankly I think Trump is an idiot and terrible leader, but I agree that these bureaus as a cure to what ails our society quickly becomes worse than the disease. The issue is simple… create a bureau with a broad mission and little oversight to accomplish some goal. As the bureau initially enacts some sensible reforms, just like business it experience stagnation which is just as good as decline. Bored and restless with no job growth which it desires for promotions, raises, etc. So they find new things to regulate and broaden their scope, budget, authority, etc. These are more often than not for the betterment of the bureaucrats, not society. Many of us wouldn’t know the downside of this because we aren’t in this business to feel the broad influence the CPFB unfairly wields. I know the CPFB has been a helpful ally in fighting against some of the more notorious egregious abuses by banks namely in credit card rewards kerfluffles, but I also agree that we as consumers should know this is a risk. Also, if we’re in the business of protecting people from their own ignorance and being prayed upon, we need to make many things illegal for all which I am frankly opposed to. I’m talking gambling, alcohol, marijuana, credit cards, fast food… all of it is wasteful and unnecessary with clear negative consequences for the irresponsible abusers in the end. But for those that use it responsibly, it should stay. But I digress… point is CPFB trying to tell banks/pay day loans/mortgagers etc they have to protect consumers from their own ignorance to me is a bad place to go for those of us that are capable of knowing the risks of what we’re doing.

Curmudgeon
Curmudgeon

I couldn’t get that Marriott promotion on my account, but did find this article linked to the CFPB bit, which I found amusing.

https://www.npr.org/sections/thetwo-way/2018/04/04/599363657/canadian-hotel-forgives-guest-17-years-after-flock-of-seagulls-trashed-his-room

Gadget
Gadget

FYI, on Exxon Speedpass – Per their website, “Link your preferred method of payment: any major credit card, debit card, Apple Pay or Samsung Pay.”

Chase Pay is paying 5% through Chase Freedom this quarter… so that can’t stack, but would be at least 10 cents on the gallon. Also, it appears by that statement Exxon gift cards can’t be used.

Looking for stacking possibilities: BoA Cash Rewards pays 3% on gas normally, but will using the card through this app cause it not to code as gas? Anyone tried the BoA cash rewards through a similar app and still get the 3%?

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