CFPB’s “Acting Director” and Kansas Attorney General will Hold Friday Town Hall Meeting, Mobile Billboard Carries Warning for Kansas Seniors and Consumers
TOPEKA, KANSAS – This morning, Consumer Financial Protection Bureau (CFPB) “Acting Director” Mick Mulvaney and Kansas Attorney General Derek Schmidt are holding a town hall meeting in Topekawith a purported focus on financial scams targeting seniors. The duo will likely ignore their respective records of undermining consumer protections that seniors rely on. In an effort to educate Kansans about these issues, consumer advocacy organization Allied Progress released a special report titled, “Mulvaney & Schmidt: Bad for Seniors and Consumers, Great for Financial Scammers.” The group has also deployed a mobile billboard that will carry this important message to the event and the streets of Topeka.
“Mulvaney and Schmidt can say what they want at this town hall, but their records speak for themselves. Given a choice between protecting seniors and consumers from financial scammers or defending predatory financial institutions, they make the wrong decision far too often. They refuse the level the playing field so that consumers can have shot at taking on huge financial institutions when they’ve been wronged,”said Karl Frisch, executive director of Allied Progress.
He continued, “We’re excited this mobile billboard is hitting the streets of Topeka to arm residents with the sad truth about Mulvaney and Schmidt that they won’t hear at the town hall meeting. It isn’t surprising the CFPB says Mulvaney and Schmidt won’t be taking questions – they couldn’t possibly defend their history of weakening important protections for consumers.”
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