Senator David Perdue likes money more than people

All of you dumbasses who voted for Donald Trump because he was going to make the banks and financial world quake in their boots better go and get ahold of something.

Last week, Georgia Republican Sen. David Perdue introduced a resolution in Congress, alongside other Republicans including his fellow Georgian Johnny Isakson, to throw out a new package of rules for the prepaid debit card industry. The rules, finalized by the Consumer Financial Protection Bureau in October, include limitations on overdraft fees, which have become a significant source of consumer complaints about the financial industry — and an important revenue stream for Georgia-based financial firm Total System Services, whose NetSpend unit is the country’s largest manager of prepaid cards, according to a 2015 financial filing.

As consumer advocates point out, this is just amazing cynicism on the part of Republicans.

Lauren Saunders, associate director of the National Consumer Law Center, said reversing the rules will be an example of “members of Congress that support Wall Street and predatory lenders over working families.” “It is outrageous that Congress may block basic fraud protections on prepaid cards so that NetSpend can keep gouging struggling families with overdraft fees,” Saunders said in a statement.

I know you America First racists are saying, “But wait! That’s not President Trump, President Trump will tweet something to fix it.” Well, President Trump got one million dollars from Bank of America back in December, so you’d better get out that life preserver because Washington’s swamp is filling up your living room.