Mother Jones Magazine [Unofficial]Mergers, Choking Hazards, Energy Prices—Does the Roberts Court Really Want Trump in Charge of All That?
PrivacyDigestA Federal Worker Was Fired for Filming #DOGE. Now She’s Running for #Congress
#AlexisGoldstein , a former #ConsumerFinancialProtectionBureau employee, was fired this year for recording DOGE’s incursion into the agency.
#election #vote #privacy #security #cfpb
Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on #CreditReports
found that 2 of the 3 major #creditBureaus — #TransUnion & #Experian — had substantially scaled back how often they provided relief to complaints filed through the #ConsumerFinancialProtectionBureau. The decline in relief coincided with the #Trump admin’s attempts to conduct mass #layoffs at the #CFPB & roll back much of its #oversight of the #financial sector.
#maga #privacy #finance
https://www.propublica.org/article/credit-report-mistakes-lawmakers-letter
Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on Credit Reports
Four senators wrote letters to Experian and TransUnion, requesting information on the companies’ dispute handling processes after ProPublica revealed they have been dismissing more consumer complaints without providing help.
The Bad PlaceThe New Republic | Trump Is Silencing Government Warning Signals of an Economic Crash by Timothy Noah
If the United States economy is headed off a cliff, better that we receive no warning in advance. That may not be the stated goal of the Trump administration, but, to borrow a term from the late MIT economist Paul Samuelson, that’s its “revealed preference.” The preference in this case is revealed by Russell “Project 2025” Vought’s determined efforts, as director of the White House budget office, to shut down two agencies created by the 2010 Dodd-Frank Financial Reform and Consumer Protection Act.
Dodd-Frank was Congress’s attempt to head off another catastrophe like the 2008 financial crisis. It was the first major financial overhaul since the Great Depression, and despite commentators’ general feeling that it never went far enough, bankers hated it. Now those same bankers want President Trump to gut two significant parts of it, and he’s obliging—at the very moment that the economy is teetering like a spring breaker at Panama City Beach.
The first of the two offending agencies is the Treasury Department’s Office of Financial Research, or OFR. This is a small office—it’s never employed much more than 200 people—dedicated to furnishing policymakers with the kind of detailed information they lacked during the late aughts about mostly-unregulated “shadow banks” such as mortgage companies, private equity, private credit, hedge funds, and the repurchase agreement market, or “repo.” This last provides overnight short-term loans to manage corporate cashflow. The Washington Monthly has called OFR “The Most Important Agency You’ve Never Heard Of.” Here’s a detailed summary of OFR’s accomplishments.
Read more: https://newrepublic.com/article/208579/trump-cfpb-warning-signals-economy-recession
#consumerfinancialprotectionbureau #dodd-frank #donaldtrump #officeoffinancialresearch #wallstreet
All Content from Business Insider | Millions of student-loan borrowers risk being driven into a 'shadow' market of costly private lenders, a new report says by Ayelet Sheffey
President Donald Trump's federal student-loan repayment changes could drive borrowers toward risky private lending products.John Taggart/Bloomberg via Getty Images
A new report said Trump's student-loan repayment changes could lead borrowers to riskier, subprime private loans.Traditional prime lenders would deny 40% of Americans due to low credit, the report saysFederal borrowers are expected to turn to private lending due to new borrowing caps on advanced degrees.Risky lending products could expand as federal student-loan repayment changes begin to roll out, a new report says.
On Tuesday, advocacy group Protect Borrowers and left-leaning think-tank The Century Foundation released a report on how the private student-loan industry will shift once President Donald Trump's federal repayment overhaul is implemented.
A shifting student-loan repayment landscapeRead the original article on Business Insider
#student-loans #donaldtrump #protectborrowers #consumerfinancialprotectionbureau
MusiqueNow 
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Consumer Financial Protection Bureau Fires Alexis Goldstein for Documenting DOGE Meeting
The Consumer Financial Protection Bureau has fired program manager Alexis Goldstein for documenting a meeting last year between the agency and Elon Musk’s Department of Government Efficiency, or DOGE. That’s according to emails obtained by Bloomberg News. In a statement to Bloomberg, Goldstein said, ”CFPB is illegally retaliating against me for trying to do my job. I acted to protect the sensitive data of Americans and the trade secrets of some of the nation’s largest banks and financial institutions from being accessed by individuals from DOGE without CFPB credentials and required training.” Click here to see our past interviews with Alexis Goldstein.
The New York Times - Breaking News, US News, World News and Videos [Unofficial]Trump Calls for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits
https://fed.brid.gy/r/https://www.nytimes.com/2026/01/09/us/politics/credit-card-interest-cap.html
kevinjesus fuck, people: the only people out there with a mandate to save folks from the depredations of evil folks is the #consumerFinancialProtectionBureau, which the #assholeInCharge has recently decimated
Presidential Power Gets Tested Before Supreme Court After Long Conservative Project to Shrink Agencies
The USA PotatoBacking Trump Has Paid Off for Silicon Valley Billionaires Like Marc Andreessen
For more than a decade, Silicon Valley venture capitalists have poured enormous sums of money into newfangled technology companies seeking to disrupt, and even supplant, the traditional financial system and sidestep its burdensome regulations. At the same time, the Consumer Financial Protection Bureau has policed that effort, going after such businesses for deceiving…
This post has been syndicated from Truthout, where it was published under this address.
