Small victory

Three years late, the Consumer Financial Protection Bureau finally has a leader who isn’t just “acting”.

This only happened after extensive pressure from the public including hundreds of thousands of names on petitions sponsored by the Americans for Financial Reform and other public interest groups.

We need to keep the pressure on Washington.

For instance, Obama caved on getting good people approved for the National Labor Relations Board. In a shadowy deal, he swapped the people labor wanted for more “acceptable” alternatives. Perhaps with more outcry this too would have come out better.