The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.
CFPB
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 inMoney, Politics, and Power
How Corporate Pardons Create Monopolies
Rocket wants to became the only mortgage company in America. The CFPB found its tactics to be illegal—until Donald Trump let the company off the hook.
Posted inLaw and Justice
Trump Scrambles to Pardon Corporate Criminals He Once Prosecuted
First the gutted CFPB pronounced ‘Whites Only’ marketing legal again. Now Boeing wants to renege on the sweetheart deal of the century.
Posted inTAP
Trump Trumps His War on the Administrative State
Today on TAP: When courts rule against him and he’s already neutered an agency, it’s that agency, not the courts, that his lawyers say should rule.
Posted inEconomic Policy
CFPB to Employees: When We Said Stop Work, We Didn’t Mean Stop Work!
The illegal plan to dismantle the consumer agency is failing. So Russ Vought and his charges are engaging in some CYA.
Posted inVideos
The Prospect Weekly Roundup: Crisis at the VA
On our live show, David and Suzanne Gordon discuss developments damaging the Veterans Health Administration and its prodigious research functions.
Posted inEconomic Policy
The Plot to Destroy the CFPB
Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to ‘five men in a room.’
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.