Consumer Confidential: Trump's CFPB looks at credit cards and, absurdly, sees 'a positive picture for consumers'

Unlike most people, Seal Beach, Calif., resident Tom Hazelleaf took the time to read the contract when he recently received a new MasterCard.

The card, issued by Capital One, includes the benefit of being compensated "for losses you incur as a result of identity fraud," which the agreement declares clearly and seemingly definitively.

But if you keep reading, you come to a lengthy series of exceptions that will not be covered. These include "indirect or direct damages or losses of any nature."

Waitaminnit. Losses you incur are covered, but not losses of any nature?

"It seems to me they're saying that if they don't want to pay you, they don't have