One of the pillars of a free-market economy is the prerogative granted to lenders to set their own conditions. Borrowers then enjoy the discretion to accept or reject them.
No government entity — and certainly not one outside of congressional oversight — has a role to play in such negotiations.
Yet the federal Consumer Financial Protection Bureau (CFPB), via a rule change likely to be formally published in October, is proposing sweeping alterations to the late fees collected by credit card companies from delinquent borrowers.
Via Roll Call (emphasis added): “Credit card late fees are required by law to be ‘reasonable and proportional’ to the cost the companies incur to collect the debt. The Federal Reserve established a threshold at which late fees would be assumed to meet the requirements of the law. The CFPB’s February proposal would lower that threshold from $30 for the first late payment and $41 for subsequent […]
Read the Whole Article From the Source: www.americanthinker.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.