The Boogie Man That Protects Your Wallet

In this episode, we sit down with David Friend, who spent over a decade at the Consumer Financial Protection Bureau (CFPB) from the recovery for the market crash through 2022.

Think the CFPB is a regulatory monster killing innovation? That's exactly what certain billionaire tech leaders want you to believe, because consumer protection tends to get in the way of "moving fast and breaking things" (especially when those "things" are your financial wellbeing).

David takes us inside the agency that was created to prevent another economic meltdown, explaining what it was actually like working there and why the constant attacks on this consumer protection agency benefit exactly one group: the people who profit when regulations disappear.

We're diving into:

• Why the CFPB was created and what it actually does
• How open banking should have been standard practice years ago and who is against it
• The truth behind "debanking" claims (spoiler: it's just banks protecting their assets, not political warfare)
• What happens when you gut a consumer protection agency down to 10% of its former capacity

Recorded this summer with some delightful breaks, because working from home without help is always an adventure with hungry kids.

If you've ever wondered why the loudest voices against consumer protection are the ones who profit most without it, this episode is for you.

Contact David Friend

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