Former Lawyer for Facebook, Uber, and Equifax Now in Charge of Investing Them

[zerocool84]

The new director of the Federal Trade Commission’s consumer protection unit, a watchdog with broad investigative powers over private companies, stands out even in an administration prone to turning over regulatory authority to pro-industry players.

The director, Andrew M. Smith, has recently represented Facebook, Uber and Equifax — all companies with matters before the commission — and plans to recuse himself from dozens of cases now that he has been confirmed for the post.

And in 2012, Mr. Smith was also part of the legal team that defended AMG Services, the payday lender founded by the convicted racketeer Scott Tucker, whose predatory practices against impoverished borrowers eventually led to a $1.3 billion court-ordered settlement, the biggest in the commission’s history.

“It’s outrageous the F.T.C. would pick the lawyer for a criminally convicted racketeer’s payday loan company as consumer protection chief,” said Senator Elizabeth Warren, Democrat of Massachusetts, who opposed Mr. Smith’s selection. “The agency should pick someone with a track record of protecting consumers, not companies that cheat people.”

https://www.nytimes.com/2018/05/16/us/andrew-smith-payday-lenders-consumer-protection.html

Oh good, a lawyer that represented all these companies is now in charge of investigating them. Totally makes sense. Drain the swamp for even dirtier water.

He's such a bad appointment that he has to recuse himself immediately upon taking the job from multiple investigations.

 

[Thebobo]

Swampy swamp swamp. Totally qualified lol another I need a break from all this insanity.

 

[soundforbjt]

https://www.nytimes.com/2018/05/16/us/andrew-smith-payday-lenders-consumer-protection.html

Oh good, a lawyer that represented all these companies is now in charge of investigating them. Totally makes sense. Drain the swamp for even dirtier water.

He's such a bad appointment that he has to recuse himself immediately upon taking the job from multiple investigations.

Kinda like Betsy DeVos installing a former Devry U. principal as head of group looking into fraudulent schools, until she just recently disbanded the group.

 

[hal2kilo]

Kinda like Betsy DeVos installing a former Devry U. principal as head of group looking into fraudulent schools, until she just recently disbanded the group.

I went to Devry. To say they had quite the mill going on with government assistance for people who had no business going to the school, in the first place would be putting it mildly. They were typically gone after the first or second quarter. Quite a system.