Wow…this is bonkers.
The lawmakers added that while the FTC is in charge of enforcing the 1974 Equal Credit Opportunity Act, “that authority to challenge conduct under the ECOA does not accordingly permit the FTC to separately challenge conduct as ‘unfair discrimination’ pursuant to the FTC Act.”
As the late Antonin Scalia (may he roast in piss) would have said: pure applesauce.
I’m trying to wrap my head around the logic, and I just can’t get it to connect. Are they trying to say that although the ECOA gives them the responsibility, it doesn’t give them the power? Like paying someone to mow your lawn, and then saying they aren’t allowed on your property?
Or are they saying that the ECOA gives the FTC the power to challenge companies that discriminate by not giving credit to minorities, but not the power to challenge companies that discriminate by giving bad credit terms to minorities?
are they saying that the ECOA gives the FTC the power to challenge companies that discriminate by not giving credit to minorities, but not the power to challenge companies that discriminate by giving bad credit terms to minorities?
Probably, yeah. It’s clear that they rely on their voters not paying attention to what they say and do.
The corporations and industries they ACTUALLY work for don’t care as long as they avoid or at least delay accountability for them, after all, so they have no incentive to even TRY to make sense.