No longer public servants but self-servants
Perspective: An opinion is not a truth.
A year ago, I started submitting letters to the editors for several newspapers in Northern Colorado. Here is my reflection on that experience. Local newspapers still serve an important function in the media. They provide a regional and state voice on local issues.
Local newspapers get syndicated opinions from larger media and tend to ignore commentary on national and global issues from their subscribers. I have been blessed that many of my letters have been published. I appreciate the editors’ patience and respect their guidelines in printing multiple viewpoints.
I have restricted most of my comments to the election of 2024, the contradiction of party politics, and the death of any coalition regarding Americans today. I am a firm believer that the American Constitution and the balance of power it supports is the only glue holding the United States together. America is no longer blessed with government officials who are public servants. They have become self-servants.
Opinions do change, but it takes a mountain of faith. Blessings.
Bob Grimes, Windsor
Consumer Financial Protection Bureau is worth saving
The Consumer Financial Protection Bureau (CFPB) is under threat, and it will impact your pocketbook.
After the 2008 financial crisis when Americans lost ~4 million homes and ~8 million jobs, the CFPB was created as an independent agency protecting people from financial companies engaging in unfair, deceptive, and abusive practices. It supervises big banks, credit unions, mortgage companies, payday lenders, private education lenders, and monitors emerging services like Buy Now Pay Later and digital payments (e.g., Musk’s X Money).
For every $1 spent, CFPB returns over $2 to consumers. Since it was established in 2011, it has:
• Obtained over $21 billion in relief for 200+ million people from companies that violated the law.
• Returned $363 million back to servicemembers and veterans.
• Helped eliminate medical debt from 22.8 million credit reports.
• Stopped credit repair scams, returning $1.8 billion to 4.3 million consumers.
• Curbed excessive overdraft fees that could have saved consumers $5 billion annually, until House Republicans reversed it.
• Processed over 50,000 consumer complaints weekly, helping resolve issues with banks, lenders, and payment services typically within 15 days (you can still submit complaints).
To shield it from political budget battles, it’s not funded by taxpayers, but by the Federal Reserve’s interest earned on government securities and fees from banks. This small agency of 1,700 dedicated employees working hard to protect Americans is now targeted by the Administration for closure. Consider the financial products and services you may rely on like bank accounts, credit cards, payment services, mortgages, auto loans, student loans, and business financing. Without the CFPB, there will be no watchdog making sure companies do not engage in practices that leave you vulnerable to hidden fees, deceptive practices, and systemic risks that could trigger another financial crisis.
Contact your members of Congress directly urging them to save the CFPB, or call 202-224-3121 (Capitol switchboard).
Marcella Willis, Greeley
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