Point: To Keep Lenders Honest, Keep the Consumer Financial Protection Bureau

In its short five years of presence, the Consumer Financial Protection Bureau has built up itself as a significant guard dog organization to consider enormous banks and money related establishments responsible. These assurances now are at hazard from the Trump organization and congressional Republicans who have been striving for a considerable length of time to stop the work of this customer office. Presently, they trust there's an opening to close down this work.

Some monetary establishments haven't quit attempting to adventure buyers. The distinction now is that the shoppers have a genuine, autonomous promoter — a cop in the city. The CFPB was made as a feature of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 to go up against these banks and loan specialists and prosecute them when they hurt buyers. The CFPB has effectively recouped a surprising $12 billion for the benefit of very nearly 30 million buyers. Read more:-International Database

It has moved against the most noticeably bad of the most noticeably bad — payday moneylenders that maneuver clients into spiraling obligation, obligation gatherers who push property holders toward dispossession, loan specialists who oppress non-white individuals, and revenue driven schools that adventure Americans attempting to get a training. The CFPB has gotten serious about a significant number of those in charge of the money related emergency of 2008, including shady home loan organizations who misdirected clients and after that dispossessed their homes, and graduated house buyback organizations whose tricky notices have hurt defenseless senior natives.

Will Donald Trump mean the end of global trade?

Free trade and globalisation had a bad 2016, but it looks like 2017 could be even worse.

For decades there has been a consensus that globalisation brought more jobs, higher wages and lower prices - not just for richer countries but also for developing and poorer nations.

But there is now a growing movement of anger as people see jobs being taken by machines, old industries disappearing and waves of migration disturbing the established order.

Global trade flows are falling and trade deals are being ripped up.

The new US President Donald Trump has threatened to impose tariffs of up to 45% on Chinese goods, accusing the country of economically "raping" the US.

One of China's fiercest critics, Peter Navarro, has been appointed as a top trade advisor.

source:-BBC

The Faces Behind Obama’s Legacy

"Yes, we did," President Barack Obama told the crowd gathered in Chicago during his Farewell Address on January 10, making his case for how far America has come in the last eight years. He also thanked his government colleagues for the role they played. "The only thing that makes me prouder than all the good that we’ve done," the president said, "is the thought of all the amazing things that you are going to achieve from here."

It was a bittersweet farewell. When Obama leaves the White House on January 20, he will leave behind a record that is seriously imperiled by Donald Trump, who has vowed to undo many of his predecessor's most sweeping and signature reforms, from an ambitious overhaul of the nation’s healthcare system to the opening of Cuba to the Iran nuclear deal.

As the president acknowledged, these policies aren’t the work of just one man. At the end of Obama's second term and on the eve of Trump's first, Politico Magazine sent photographer Mark Ostow to shoot, in addition to the commander-in-chief himself, some of the Cabinet chiefs and senior advisers who played key roles in Obama's presidency. It’s their legacy that’s on the line, too.

Source:-Politico