"A coalition of 21 states along with the DC🚨sued the Trump admin on Mon to prevent it from defunding the #CFPB, which says it will run out of money in a few weeks.

The consumer watchdog agency is funded by the Fed -unlike many other fed agencies — to insulate it from pol whims. But under Vought,🚨it'is refusing to accept money from the Federal Reserve.

Our💰, lives, futures... are at risk under #Trump's reign of terror.

#ConsumerProtection #Sabotage #TrumpRegime #USPol
https://www.npr.org/2025/12/22/nx-s1-5652043/cfpb-trump-russell-vought-lawsuit

CFPB to issue guidance about Earned Wage Access products.
#lawfedi #CFPB #consumerproection

https://www.federalregister.gov/public-inspection/2025-23735/truth-in-lending-regulation-z-non-application-to-earned-wage-access-products

"Join #NFHA & Sen Warren in sounding the alarm on the Trump Admin's plan🚨to gut the law that gave women access to credit w/o the need of a male co-signer. This Admin is trying to set us back generations.

We only have until 12/15 to act. Make your voice heard." Link⬇️

I thought this was from The Onion, #women have had this right since 1974! The CFPB is trying to weaken the regulations.

#RIghts #Discrimation #CFPB #Credit #USPol
https://www.bing.com/videos/riverview/relatedvideo?q=nfha+senator+warren&qs=n&sp=-1&ghc=1&lq=0&pq=nfha+senator+warren&sc=0-19&sk=&cvid=A2D2661B7FFB481FAFFCBA9E2D15E76A&ajaxnorecss=1&sid=1FC7B2327A4F6C1A1D07A4F27B3A6D32&jsoncbid=0&ajaxsydconv=1&ru=%2fsearch%3fq%3dnfha%2520senator%2520warren%26qs%3dn%26form%3dQBRE%26sp%3d-1%26ghc%3d1%26lq%3d0%26pq%3dnfha%2520senator%2520warren%26sc%3d0-19%26sk%3d%26cvid%3dA2D2661B7FFB481FAFFCBA9E2D15E76A%26ajaxnorecss%3d1%26sid%3d1FC7B2327A4F6C1A1D07A4F27B3A6D32%26format%3dsnrjson%26jsoncbid%3d0%26ajaxsydconv%3d1&mmscn=vwrc&mid=8AF94EA9677A047330818AF94EA9677A04733081&FORM=WRVORC&ntb=1&msockid=44617177d79711f08ed61a6ab7f36f8f

https://nationalfairhousingalliance.salsalabs.org/ecoaregb/index.html

During #Trump’s first term in 2020, #SCOTUS took another step toward expanding the president’s authority to oust #independent ofcls. In a 5-to-4 decision in #Seila Law LLC v. #CFPB, the court said the structure of the CFPB was unconstitutional because it did not allow the president to fire the director without cause.

But the decision distinguished between government agencies run by a single director & those led by multimember commissions that “do not wield substantial executive power.”

#law 🧵

#SCOTUS has ruled #Congress cannot limit the president’s #power to fire agencies led by a single official. The question before the court today is if it can insulate members of multi-member commissions from removal.

In 2020, in ruling Congress could not limit the president’s power to fire the head of the #CFPB, CJ #JohnRoberts wrote the ruling “does not foreclose Congress from pursuing alternative responses to the problem—for example, converting the CFPB into a multimember agency.”

#law #Trump🧵

Russell Vought's "humility pledge" is forcing CFPB examiners to bow to Wall Street. Union members are blasting this corporate loyalty oath as examiners remain barred from protecting consumers. Read their powerful rebuke: https://www.alternet.org/anger-as-trump-official-issues-pledge-to-be-nice-to/ #CFPB #ConsumerProtection

…Because exams are confidential, they can identify — &, ideally, stop — small issues that could otherwise mushroom. The #CFPB’s examiners have forced #banks & other #lenders to return hundreds of millions of dollars to #consumers for improper fees & worthless services, & helped uncover high-profile issues like #WellsFargo’s sham accounts scandal.

#law #corruption #government #oversight #Project2025 #RussVought #Trump

And #RussVought has refused to request money for the #CFPB from the #FederalReserve, which funds its operations. The bureau warned in court filings that it would run out of operating cash early next year.

The #Trump admin is pursuing a variety of changes to give it greater sway over how #independent #financial regulators, including the Fed, oversee #WallStreet. Trump’s appointees have slashed supervision staffing & curtailed the scope of agencies’ #bank exams.

#law #corruption #oversight

The new pledge is, for now, mostly symbolic. #RussVought halted nearly all work at the #CFPB shortly after his arrival in February, & #bank examinations have not resumed. The agency’s hundreds of examiners have been told to spend their time closing out all open matters; they are currently barred from initiating new ones.

#law #corruption #government #oversight #Project2025 #Trump

“Is this fan fiction I’m reading?” Cat Farman, a bureau employee & the president of the staff union, wrote. She added, “Instead of traumatizing #CFPB workers with his role-play fantasies, Vought should resign so we can finally do our jobs protecting Americans from #WallStreet #fraud again.”

#law #corruption #government #oversight #Project2025 #RussVought #Trump

In a notice announcing the change, the #CFPB described its own supervision department as “the weaponized arm” of the agency under its #Biden-era director & said its exams had been carried out with “thuggery.”

On Monday, the consumer bureau’s staff #union fired back with a statement denouncing the pledge as “creepy” & “disrespectful.”

#law #corruption #government #oversight #Project2025 #RussVought #Trump

On Friday, the #CFPB said it would now require its #financial examiners to recite a “humility pledge” to companies before beginning a review.

“The upcoming supervision examination cycle is going to be fundamentally different from the prior ones,” the pledge begins. It then details a set of changes, including a more limited review scope & an agency commitment to “work collaboratively” with the businesses it oversees.

#law #corruption #government #oversight #Project2025 #RussVought #Trump

This is a super freaking weird way of undermining #corporate #accountability.

#Banking is one of the US’ most tightly regulated industries, & confidential bank examinations carried out by independent federal regulators are a core guardrail for protecting the safety & soundness of the financial system.

#RussVought, #Trump #OMB director, is not a fan of how the #CFPB, where he is acting director, has carried out those exams.

#law #corruption #oversight #Project2025
https://www.nytimes.com/2025/11/24/business/consumer-bureau-humility-pledge.html?smid=nytcore-ios-share

@FeloniousPunk
And that statistic, FeloniousPunk, is one of the reasons why the evil trolls at Project 2025 painted a target on the Consumer Finance Protection Bureau's back, and why the Trump regime destroyed it.
#CFPB #Project2026 #WageTheft #TrumpRegime #USPolitics #USEconomy

If you thought 1 financial crash wouldn't be enough, here are the bubbles growing right now in USA (mostly scams, BTW):
* AI bubble (see previous post in TL)
* Wall Street + Bitcoin / stablecoins
* Private Equity bubble (since the end of cheap financing)
* and now the BNPL "Buy Now Pay Later" bubble, that flies under the radar, since Trump 2.0 changed rules (CFPB)

https://techcrunch.com/2025/11/16/bnpl-is-expanding-fast-and-that-should-worry-everyone/

PS: USD crash? https://masto.ai/@cybeardjm/115249137853005260

#AI #Bubble #Bitcoin #Crypto #BNPL #CFPB #USPol #SiliconValley

Evil #RussellVought is still trying to kill the best thing that the federal government has done in this century, the #CFPB. https://prospect.org/2025/11/12/russ-vought-tries-to-bankrupt-cfpb/?utm_source=ActiveCampaign&utm_medium=email&utm_content=A%20blessing%20in%20disguise%3F&utm_campaign=Kuttner%20on%20TAP%2011-12-2025&vgo_ee=yqF1FSnCCvNgK38oB3Y1C1yYkbINXPx%2B%2F6kkNf3FvWU%3D%3Aa52Bd567slSfGYRMRtTzYOE%2B6%2FYmMHxV

CFPB to propose deletion of the provisions in Regulation B that create "disparate impact" liability, i.e., that impose liability for conduct that inadvertently has a disparate effect on a protected class basis.

#lawfedi #cfpb #consumerprotection #ai

https://www.federalregister.gov/public-inspection/2025-19864/equal-credit-opportunity-act-regulation-b

This is total BS. "CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve"

#lawfedi #cfpb #consumerprotection

https://www.consumerfinance.gov/about-us/newsroom/cfpb-notifies-court-it-cannot-lawfully-draw-funds-from-the-federal-reserve/

Tell #Congress: Defend the #CFPB’s #medical debt rule. Protect #Americans from ongoing financial ruin as a result of getting sick. https://click.actionnetwork.org/ss/c/u001.qUXRBnqZ7T8nxbpAcIVwoUsWLkUMWlo_0JmZttSlm39IeVqcoR70jmgUHDcMs-Ok4T1Y7X8YMtdppGI-c-id59mUxcIrh55MOThNE4e4ikpiRBrnwUO8QsCb5cXZ6uVtUAdayX2shmusoRDUfkTbbBM3ugE2ybullBK-MaZhEHWgfIR9rypUYMuRMUr3ySE8v_Sxtjn4DEyIAqAegs7h_PhwW6TqiGQ8qz8eUSlrTymxnA0Z4TT2GEjckAXWF3TofJ1AYhJhP4ieLVT2TXlIN-TdFuCo2-EL7T2MbxGxCCAeyx-gJxfuxcIpVL6-QXyffMyUV3UZdNuFSC3LfrY62qYNoAhWXu0hwkXgoiUQKGc-x-qy9hBE06E94MSkW_wNo99cnOZ6TWWv4nbjhkzxlSOp-TAsMIHPvf682FrrkhvUknAq35YadMIc_tJnJ278Jet1ZDX0wQ3YkerMylPpgQSdFUcb8WJxD0M245n9UJHrncJ1V6vr1UzAQU_gCiqgnZlu53tD3DOCGByd2vxvC5x2S6fshqTLlCdkAKvS8fdPyJ5CW6yT2q_pB_oGp0Ey73i22bYvHIaiWbtbhp3SVW2TkcPvT-cPJ14KHvE2QMxMn6_gVvKyq5lOSkxXytnE/4lg/Z4g-t0aFTOOT81j3Rsw1Yw/h2/h001.5O0YQnPk6dVeF2SD1maqR39MPrqmEBnkcFkzeRYquJA