The Daily Gazette
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Froma Harrop: Little guys lose when politicians back banks

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Drawing moral lines in our rough-and-tumble capitalist system can be hard. But it should not tax too many ethical muscles to set aside some protections for trusting, unsophisticated borrowers of modest means. That is, unless you’re a politician working on behalf of predatory lenders. And it’s amazing how many politicians do, making the recent successes of the Consumer Financial Protection Bureau seem all the more miraculous. The CFPB was created in 2010 to set rules ...

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