DOGE was apparently part of the effort to hobble the agency, along with Clarence Thomas pal Mark Paoletta. For the moment, the firing of 1,483 workers is on hold.
banking
Posted inLaw and Justice
CFPB Slashed to the Bone, Threatening Financial Markets
The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.
Posted inEconomic Policy
How the Euro Can Replace the Dollar
Europe has a potential golden opportunity to claim the global reserve currency and get a free military rearmament to boot.
Posted inMoney, Politics, and Power
Congress Stops CFPB From Capping Overdraft Fees, Monitoring Big Tech
The two Congressional Review Act resolutions now go to President Trump.
Posted inPolitics
The Government Funding Law Damages the Legal Pushback on Trump
Here’s why Chuck Schumer’s cave-in was beneficial to Trump’s legally shaky slashing of spending and the federal workforce.
Posted inMoney, Politics, and Power
Some Democrats Endorse Bill Allowing Elon Musk to Create His Own Currency
The GENIUS Act is the first pro-crypto bill Republicans want to rush through this Congress. Thanks to industry money, several Democrats are ignoring the bill’s major problems.
Posted inEconomic Policy
Amnesty Day at CFPB
The agency dropped five cases of alleged financial predation while the nominee to run the agency was in a Senate confirmation hearing.
Posted inMoney, Politics, and Power
The CFPB Shutdown Is Entirely About Payment Apps
Elon Musk and other Big Tech CEOs want to manage your money without any regulatory protections.
Posted inEconomic Policy
Banks Approve of Republicans Increasing Bank Fees
A Biden-era CFPB rule limiting overdraft fees is under challenge, and lawmakers used bank lobbyists for their testimonials.
Posted inEconomic Policy
Vought Restores CFPB Procedure That Sustains Mortgage Markets
The situation reveals that sometimes, even arsonists need the building they’re burning down to stay upright.
