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.
consumer protection
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 inMoney, Politics, and Power
Elon Musk and Friends Propose Defunding the Fraud Police
Some tech billionaires hate the CFPB, which protects Americans from scams and abuse. Why?
Posted inMoney, Politics, and Power
The Triumphant Return of Corruption
A look at the biggest stock gainers since Trump’s election shows that paying tribute to the next president will have its benefits.
Posted inTAP
Move Your Money
Today on TAP: The CFPB initiates a new ‘open banking’ rule that will make it less of a hassle to switch financial institutions.
Posted inEconomic Policy
How Hurricanes Are a Profit Center for Insurers
To compensate for exaggerated expectations of claims, they jack up rates and hollow out coverage, giving themselves more profit than before.
Posted inEconomic Policy
White House Takes Action on Trade Loophole Exploited by Chinese E-Commerce
Shein and Temu make hundreds of millions of shipments using a de minimis exemption from tariffs and inspections. That could be coming to an end.
Posted inMoney, Politics, and Power
Amazon Still Has a Counterfeit Problem
Hundreds of generic ink cartridges are listed on the site with the same packaging look as brand-name competitors.