Judge scraps US rule capping #CreditCard late fees at $8

U.S. District Judge Mark Pittman in Fort Worth, #Texas granted a joint request by #Trump’s #CFPB and a coalition of 6 business & banking groups [pretty much who the CFPB is supposed to be protecting #consumers from] including the US Chamber of #Commerce & American #Bankers Association to scrap the rule adopted during President Joe #Biden's administration.

#law #economy #PersonalFinance
https://www.reuters.com/business/finance/judge-scraps-us-rule-capping-credit-card-late-fees-8-2025-04-15/

People are turning on Elon Musk

More than half of Americans have an unfavorable view of Elon Musk, according to Nate Silver’s polling averages.

The Verge

Here's a very good Decoder podcast interview Nilay did with former #CFPB chair Rohit Chopra on financial regulation's future which sadly looks very grim. Get ready for more institutions, companies, corporations, banks, and even credit unions to easily scam you and get away with it. :(

https://www.theverge.com/decoder-podcast-with-nilay-patel/646441/doge-trump-musk-cfpb-rohit-chopra-banks-fraud-scams

Why DOGE is killing the agency that keeps banks from ripping you off

The CFPB protects consumers from fraud and shady banking practices. Former head Rohit Chopra explains why Trump and Elon Musk’s DOGE are dismantling it.

The Verge
How To Insider Trade And Influence People (With Tariffs)

Days where the stock market gains 10% on the proclamations of a mad orange king are far more correlated with impending disaster than with strength.

The Cryptocalypse Chronicles

Without the Consumer Financial Protection Bureau, there will be much more of this.

There won't be anyone to stop corporations from stealing from us with our cards and bank accounts on file.
#CFPB #Corruption

🚨 Republicans just voted to keep screwing over working Americans — all to protect big bank profits.

The Biden-era CFPB passed a rule capping predatory overdraft fees at $5. That saved regular people $5 billion a year.

You know who hated that? Wall Street.

So guess what the GOP made a priority? Killing that rule.

Every single Democrat voted to protect consumers.

Every single Republican voted to let banks keep robbing people who are struggling the most.

They chose billionaires over the 99% — again.

#BankrolledByBanks #GOPCorruption #OverdraftFees #CFPB #ClassWar

GOP just killed a CFPB rule capping bank account overdraft fees at $5 — a rule that saved working people $5B/year. Every Dem voted to protect us. Every Republican voted for Wall Street. They chose billionaires over the 99% — again. #GOPCorruption #CFPB #OverdraftScam
Bluesky

Bluesky Social

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#TheCryptocalypseChronicles: How To Insider Trade And Influence People (With Tariffs)

Ever since the big reveal of the nonsensical Trump Tariff Equation Americans have been coming to grips with a reality in which their financial future appears to be more or less entirely dependent on a series of wild proclamations emanating at random intervals from the mind of an economically illiterate and extremely orange madman who is drunk on his own power.

This decidedly less than ideal situation has created a reality where Donald Trump can award vast wealth to his friends and followers just by sending a few late night tweets tipping them off about what he's about to say.

It just so happens that data about stock market activity bears out this theory: someone is insider trading on Trump's tweets.

Retoots appreciated.

https://cryptadamus.substack.com/p/how-to-insider-trade-and-influence

#uspol #tariffs #tariff #Trump #DonaldTrump #ScottBessent #tradewar #corruption #crime #insidertrading #economics #recession #finance #SEC #CFPB

How To Insider Trade And Influence People (With Tariffs)

Days where the stock market gains 10% on the proclamations of a mad orange king are far more correlated with impending disaster than with strength.

The Cryptocalypse Chronicles
🗃️ EPIC, NCL (@nationalconsumers.bsky.social), and CFA (@consumerfed.bsky.social) filed a comment urging the #CFPB to finalize its proposed rules categorizing data brokers as consumer reporting agencies that must abide by the Fair Credit Reporting Act. Direct any questions to kraczon@epic.org.