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U.S. Consumer Protection Is Dead: Lobbyists And Lawyers Kill New FTC Rule That Would Have Made It Easier To Cancel Subscriptions
Have I mentioned lately that the U.S. no longer has functional federal consumer protection and corporate oversight thanks to Donald Trump? And how that should probably be more of a story across jou…
But just as the basic and popular new rule was poised to take effect this week, it was summarily executed by the 8th Circuit court of appeals, thanks primarily to several key Trump appointees. If you’ve been napping, grotesque levels of lobbying and corruption under Trump have basically hollowed out all federal regulatory autonomy via court ruling, executive order, or captured regulators. This intentional attack on functional federal governance was sold to the public (by corporations and their loyal “free market” Libertarian think tankers) as essential to “rebalance constitutional authority” and “prevent regulators from running amok,” but it’s just corruption with a flimsy veneer of pseudo-intellectualism.
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