John Gray in his article from 2004 or earlier, "A Day in the Life of Joe Republican", explains eloquently the attitude of conservatives towards protecting the people from the greed of big corporations.

That meme is still rolling along. Here are a couple of examples of Trump and Pence and the Republicans and the so-called conservatives saying, "hey, we don't need all these these liberal protections of people."

For example, this from Jillian Berman writing for Market Watch, the headline: "House Republicans seek to roll back state laws protecting student loan borrowers:"

"Tucked away on page 464 of a more than 500-page bill that aims to overhaul the higher education and student loan system is a provision that would prevent states from regulating student loan servicers and roll back rules already on the books in some states to monitor those companies...

"What's at stake: Whether the firms have to answer to state regulators looking to enforce consumer protections.

"It comes as part of a controversial bill released earlier this month by the Republican-led House Education Workforce Committee to reauthorize the Higher Education Act, the statute governing higher education and student loans. And it has borrower advocates concerned."

The Higher Education Act basically is a preemption bill. The article says:

"Since 2015, states across the country have started creating their own consumer protection laws to regulate servicers, including requirements that the companies don't mislead borrowers and that the firms provide borrowers."

These are the companies that loan money to you or your kids to go to college.

"But once efforts to regulate servicers at the state level gained momentum, the companies began pushing back...

The state laws 'would be effectively null and void' if the House Republican bill becomes law, Rubenstein said. [David Rubenstein, a professor at Washburn University School of Law]"

Jillian Berman writes:

"That's an outcome the student loan industry would likely cheer....

"But consumer advocates say getting rid of these state laws could be a problem."

The state enforcement, of course, much closer to the consumers.

Here's another one...

-Thom


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