Here we have one of politics’ fun little ironies: The Consumer Financial Protection Bureau, that brainchild (and I use the term “brain” in the broadest possible sense) of Senator Elizabeth Warren (D-MA), is now being accused of targeting Native American tribes with a new and rather arbitrary rule.
Oh, what a tangled web we weave.
In November, Donald Trump overwhelmingly carried the Native American vote. By January, just six days before Trump took office, the Consumer Financial Protection Bureau published a regulation that tribal leaders say isn’t legal and would harm the growing financial services industry on Indian lands.
At least four tribes are asking for the rule to be withdrawn, calling it an intrusion on tribal sovereignty and noting that tribes were never consulted. The latter point seemingly conflicted with President Joe Biden’s November 2022…
