All posts tagged "Cfpb"

One of the agencies that Elon Musk's Department of Government Efficiency (DOGE) is tasked with downsizing is the Consumer Financial Protection Bureau — the very same agency that will decide whether Musk's social media platform X will be permitted to offer mobile payment services à la Paypal.

Musk has claimed that he's policing himself and has no conflicts of interest between his business ventures and his new government role. But experts say that assertion is a joke.

National Public Radio spoke with Richard Cordray, who led the CFPB under President Barack Obama....

The New York Times reports on a new study from the Consumer Financial Protection Bureau that really drives home how sleazy the banking industry has gotten, and how much they've come to view customers are the enemy:

WASHINGTON — The White House Wednesday warned that Republican opposition to the nomination of a chief for a new consumer watchdog agency left millions of Americans open to abuses from the finance industry.

Treasury Secretary Timothy Geithner blamed Republican lawmakers for seeking to weaken reforms that he says have strengthened the US financial system after the 2008 economic meltdown.

The labor union umbrella group AFL-CIO is urging President Barack Obama to make a recess appointment for Harvard law professor Elizabeth Warren to head the Consumer Financial Protection Bureau (CFPB), even as Republicans search for any way to stifle her.