Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
CFPB
Posted inEducation in America
The Student Loan Report the Trump Administration Didn’t Want Published
Read the CFPB report the Trump administration cut and scrubbed, which includes information on a higher-education surveillance pricing scheme.
Posted inEconomic Policy
Judge Warns Vought of Contempt Order if He Back-Door Shuts Down CFPB
Judge Amy Berman Jackson has clarified that Vought would violate her injunction against shuttering the consumer protection agency if he declines to seek funding for it.
Posted inEconomic Policy
Russ Vought Tries to Bankrupt the CFPB
A legal office in the White House, at the behest of Office of Management and Budget director and Project 2025 architect Russ Vought, has decided to redefine the word “earnings” in order to bankrupt the largely dormant Consumer Financial Protection Bureau.
Posted inEconomic Policy
Making Banking Supervision Suck Again
Bank supervision consists of two main prongs: risk management and compliance. On the compliance side, consumer protection laws are being enforced less than at any time since at least the Great Recession.
Posted inEconomic Policy
GOP Wrings Hands About Fraud After Crushing CFPB
A House Committee on Financial Services hearing Thursday morning was an exercise in gaslighting.
Posted inMoney, Politics, and Power
Report: 1 in 3 Big Tech Enforcement Cases Dropped by Trump Administration
Tech and crypto firms have spent $1.2 billion during and since the 2024 election, and they are reaping the benefits.
Posted inMoney, Politics, and Power
Silicon Valley Godzilla vs. Wall Street Mothra
The only two sectors thriving in Trump’s economy are increasingly sparring with each other.
Posted inVideos
The Prospect Weekly Roundup: Consumer Protection Undone
On our live show, David, Maureen Tkacik, and James Baratta discuss the transforming of the Consumer Financial Protection Bureau into an agency in name only.
Posted inEconomic Policy
Hardly Workin’
The Consumer Financial Protection Bureau is on life support, and consumer scam complaints are surging as a result. The Trump administration wants to pull the plug.