A Biden-era CFPB rule limiting overdraft fees is under challenge, and lawmakers used bank lobbyists for their testimonials.
CFPB
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.
Posted inEconomic Policy
Even Bankers Don’t Want to Delete the CFPB
Industry trade groups are alarmed that the Trump administration’s illegal order to halt work at the consumer protection agency will cause chaos in consumer markets.
Posted inMoney, Politics, and Power
Vought Stops CFPB From Functioning With Illegal Order
The budget director and acting head of the CFPB also tried to defund the agency, but found it was already funded through the fiscal year.
Posted inEconomic Policy
Bessent Gives Musk a Present, Stalling CFPB Oversight of Big Tech
A hastily added second order from the Consumer Financial Protection Bureau’s acting director halts the agency from supervising non-bank firms like X.
Posted inEconomic Policy
Nothing Normal About This CFPB Takeover
All work at the agency has been shut down indefinitely.
Posted inPolitics
Biden-Era Regulations on Congress’s Chopping Block
Republicans reveal their first targets for the Congressional Review Act. Consumer protection rules may be next.
Posted inEconomic Policy
Rohit Chopra Still Has a Job
The Consumer Financial Protection Bureau head has not been fired. Apparently, it’s because the Trump team can’t find anyone to replace him.
Posted inEconomic Policy
When the Government Actually Governs
The Biden administration’s antitrust agencies are hitting the tape with new rules and enforcement actions.
Posted inTAP
Memo to Term Appointees: Stay Put!
Today on TAP: Trump wants to oust the Fed chair and the IRS commissioner. They need to stay, as checks against autocratic power and hack appointees.