Consumer Financial Protection Bureau

WASHINGTON (AP) — The White House is welcoming a congressional measure killing the ability of millions of Americans to band together to sue bank or credit card companies to resolve financial disputes in a major win for Wall Street.
The Senate narrowly voted late Tuesday night to nullify the rule, with Vice President Mike Pence casting the final vote to break a 50-50 tie. The measure now goes to President Donald Trump for his signature.

A sign leans against a chair during a speech by Consumer Financial Protection Bureau Director Richard Cordray, in Richmond, Va., March 26, 2015. (AP/Steve Helber)
A new rule by a federal watchdog—hailed as having “paramount importance” for protecting consumers from Wall Street predators and curbing corporate abuses—is under direct attack by Republicans just days after being issued.

Former Goldman Sachs Executive, now Treasury Secretary, Steven Mnuchin takes his seat to testify at a House Appropriations subcommittee hearing on the budget, on Capitol Hill, June 12, 2017, in Washington. (AP/Alex Brandon)

In this May 4, 2017, photo, President Trump talks to House Speaker Paul Ryan of Wis. in the Rose Garden of the White House in Washington, after the House pushed through a health care bill. (AP/Evan Vucci)

(MPN) In 2009, the Internal Revenue Service (IRS) decided to end a three-year program that used private debt collectors to chase down delinquent taxpayers after an internal report found that it was actually losing the government money and that government employees were much more efficient at collecting debt

(COMMONDREAMS) Sounding another alarm for progressives wary of the Democratic establishment’s support for Wall Street, the man said to be leading the pack of potential Hillary Clinton running mates—Virginia Sen. Tim Kaine—has just this week sent a clear message to big banks: He’s in their corner.

Many see families in poverty and seek to help.  Others see families in poverty and see opportunities for profit.
Here are six examples of billion dollar industries which are built on separating poor people, especially people of color, from their money, the reverse Robin Hood.
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