To Comfort The Afflicted
And Afflict The Comfortable

To Comfort The Afflicted And Afflict The Comfortable

Monday, March 17, 2025

Observercast

Consumer Finance Needs Better Morals

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BY FROMA HARROP 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 […]

Arnold Hamilton
Arnold Hamilton
Arnold Hamilton became editor of The Observer in September 2006. Previously, he served nearly two decades as the Dallas Morning News’ Oklahoma Bureau chief. He also covered government and politics for the San Jose Mercury News, the Dallas Times Herald, the Tulsa Tribune and the Oklahoma Journal.