Finance

First, what is the Community Reinvestment Act that Trump's Treasury Department is seeking to destroy?

The Community Reinvestment Act (CRA), enacted by Congress in 1977.... is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate..... intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations.

Last week, Trump named Jerome Powell to be the next chair of the Federal Reserve.

If confirmed by the Senate, Powell, 64, will succeed Janet Yellen — the first woman to head the Fed — whose term expires in February. Powell, a current member of the Fed's board of governors, is expected to pursue policies largely in line with the gradual interest rate hikes of the Yellen-led Fed.

Government at its purest exists solely to protect The People it serves.  We elect officials to work on OUR behalf.  It's been apparent for decades, but likely never more so, that the Republican Party works on behalf of corporate interests, their lobbyists and donors with zero regard for The People.  They repeatedly take actions that harm nearly every living, breathing human being in our country yet millions of ignorant people continue support and enable them.

What do you think about the program described below? 

The Consumer Financial Protection Bureau, born out of the financial crisis and intending to help even out the information gap between consumers and corporations, is under fire by the House Financial Services Committee led by Rep. Jeb Hensarling (R-TX). According to a memo obtained by the Washington Post: 

A Republican plan to dismantle Wall Street regulations would strip the Consumer Financial Protection Bureau of many of its powers, including eliminating its consumer complaint database and scaling back its enforcement abilities...