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.
Russell Vought
Posted inLaw and Justice
Federal Judge Halts CFPB Purge Again
DOGE was apparently part of the effort to hobble the agency, along with Clarence Thomas pal Mark Paoletta. For the moment, the firing of 1,483 workers is on hold.
Posted inLaw and Justice
CFPB Slashed to the Bone, Threatening Financial Markets
The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.
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 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 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 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.
Posted inEconomic Policy
Banks Approve of Republicans Increasing Bank Fees
A Biden-era CFPB rule limiting overdraft fees is under challenge, and lawmakers used bank lobbyists for their testimonials.
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.
