November 13, 2025 10:30 AM UTC

Introducing The Consumer Financial Predation Bureau

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• by: Colorado Pols

Colorado Public Radio’s health policy reporter John Daley with the latest way the Trump administration is looking to undo crucial protections you enjoy not only as an American, but as a Coloradan–an example of the convenient flexibility of the Tenth Amendment for Republicans when it stands athwart well-monied special interests:

The Consumer Financial Protection Bureau said recently that the Biden administration was wrong to remove information about medical debt from credit reports and rescinded a rule that was put in place days before Trump was inaugurated. It argued that the rule risked fracturing the national credit reporting system by allowing each state to create its own standards…

Colorado lawmakers passed a law in 2023 that forbids the practice, which faces a legal challenge, and now Attorney General Phil Weiser is blasting the change…

Weiser said it was insult to injury for the guidance to be coming from the consumer protection bureau, which was set up by Congress to protect consumers. [Pols emphasis]

It’s another case of the Trump campaign’s promises to make life better for regular Americans cruelly baited and switched in favor of whatever makes people with lots of money even more money, reflecting the interests of an administration made up of more ultra-rich people than any in history–and as for your precious “state’s rights,” like on the subject of abortion if you really believed that claptrap about any part of the constitution being sacrosanct except maybe the Second Amendment, the joke’s on you.

“It’s disappointing that the Trump administration wants to interfere with the Colorado legislative process,” said Sen. Tony Exum, a Democrat from Colorado Springs, another co-sponsor of the law.

“They seem to be going out of their way to make it more expensive for Coloradans with medical debt,” Exum said. “It’s cruel in a way because nobody plans for this.”

After jacking up insurance premiums beyond the ability of millions of Americans to remain insured and tightening eligibility for Medicaid for the express purpose of relieving millions more of their coverage, now when those uninsured or under-insured people get hit with their next medical bill bigger than a mortgage on a house, it will ensure financial ruin in every other part of their lives, too.

There goes your shot at that 50-year mortgage! Isn’t Trump’s New Golden Age something?