“It’ll just be a steady drip, drip, drip of companies trying to game the system and nickel and dime people via aggressive practices,” Professor Robert Lawless told the Illinois News Bureau about changes to the Consumer Financial Protection Bureau. He noted that laws preventing actions like those taken by banks preceding the subprime mortgage crisis will still be in effect, but other protections are very much at risk. “Over the long run, it’s going to affect people. It’ll be the frog and the boiling pot of water. It’ll be a steady ratcheting up of unfair practices, and there will be no more cops left to police the beat,” he added.
