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Warren finds common ground with Trump over debanking concerns

Senator Elizabeth Warren (D-Mass) seemed to have found a common basis with President Trump and the Republican members, urging the president to take action so that he could not be inappropriately confined from the financial system. 。

The main Democratic Party of the Senate Bank committee called on Trump to support the efforts of the Consumer Finance Protection Bureau (CFPB).

“I, to prevent too many Americans from the country, including consumers who have been unreasonably closed from financial systems, for the fees for the postscript, religious affiliation, or political beliefs. Warren wrote it in a letter to Trump, saying to request that he would take action.

“Your administration will help you deal with this issue by supporting the continuous initiatives of the Consumer Finance Bureau (CFPB). Government's major institutions are to stop unreasonable removal. She instructed other institutions to use the authorities.

Her call to support the CFPB comes after Trump taps the Finance Secretary Scott Vessent to serve as an agency's agency on Monday. According to Wall Street Journal, Bessent has stopped the staff to stop all work.

GOP has long opposed CFPB.

Warren argued on Tuesday that Bessent's order to stop his work in agencies, “it only hinders the efforts to stop taking off.” She pointed out some proposals or final decisions from CFPB, which hinders taking off based on political or religious affiliation, providing a break in CFPB, which provides the notification of a escaped customer and appealing to the account closure. did.

Massachusetts' Democratic Party has identified thousands of related complaints in the past three years, with more than half of those complaints, Bank of America, JPMORGAN CHASE, WELLS FARGO, CITIGROUP, CITIGROUP. He said he was submitted.

This letter indicates a rare moment of consistency between the advanced Senator and Trump. The president aimed at the Bank of America, especially Bank of America, especially in the United States, during the virtual appearance of the World Economic Forum in Davos, Switzerland.

During the exchange with Bank of America, Trump accused him of refusing his bank and other financial institutions to do business with conservatives.

“Many conservatives are dissatisfied with the banks that are not allowed business in banks and include a place called Bank of America, so we hope that the bank will begin to open as conservatives. “Said Trump.

GOP immediately jumped on a trend, and James Commer (R-KY), chairman of the House of Representatives Survival Committee, surveyed Tim Scott (RS.C.), chairman of the Senate Banking Committee. We started and presented hearing on this topic.

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