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.
consumer protection
Posted inEconomic Policy
When in Doubt, Pretend to Be Lina Khan
The Trump administration’s plans to lower prices are just Biden-era retreads. Unfortunately, they’re just plans, with no expected follow-through.
Posted inMoney, Politics, and Power
Hochul Caves to Big Tech on AI Safety Bill
A bill that passed the New York legislature was completely gutted and substituted with language perceived as friendlier to the industry.
Posted inEconomic Policy
Meet the Connectors
Middlemen, our economy’s most shadowy characters, sit in between buyers and sellers and get rich in the process. It can even be a matter of life or death.
Posted inEconomic Policy
Trapped at the Concession Stand
Captive pricing follows when customers have no choices. Policymakers can do something about it.
Posted inEconomic Policy
Prices in the Machine
AI’s real contribution to humanity could be maximizing corporate profit by preying on personal data to raise prices. In fact, it’s already happening.
Posted inEconomic Policy
Your Money Means Market Power for Banks
Deposits are the raw materials with which bankers play, the key to unlocking market power, as giants like Bank of America and JPMorgan Chase demonstrate.
Posted inEconomic Policy
Credit Unions Go Large and Go Rogue
Intended to bolster local access to lending, large credit unions today are swallowing up community banks. A Trump purge has reduced their oversight to one regulator.
Posted inEconomic Policy
New Reforms, Same Old Florida Home Insurance Market
Inflated ratings, weak oversight, and bare-bones consumer protections continue to leave homeowners exposed to the worst of Florida’s fragile, undercapitalized insurance market.
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.
