…One of #Trump's first acts…was to create #DOGE, [supposedly] to root out waste, fraud & abuse, slash govt spending & purge the federal workforce of low-performing, *disloyal* & unnecessary workers.
…In practice,…DOGE has mostly pursued long-time #Republican #policy objectives, shuttering agencies such as #USAID & the #CFPB, which provide a lifeline to the world's needy & protect Americans from unscrupulous lenders respectively.
#Trump on Friday commuted the sentence & probation of #CarlosWatson, a co-founder of the now-defunct #digital #media company Ozy Media, on the day he was set to surrender to prison.
Watson was sentenced in Dec to almost 10yrs in #prison for #fraud, #IdentityTheft, #SecuritiesFraud, & #WireFraud.
Watson & Ozy were also ordered to pay $96M in restitution & forfeiture. As part of Trump’s commutation, they will no longer have to pay.
#law #felon47 #CFPB #SEC #corruption
https://www.cnbc.com/2025/03/28/trump-commutes-sentences-of-ozy-media-founder-carlos-watson-and-company.html
#Trump is just a #loser, again.
"Judge orders #CFPB to reinstate fired employees, preserve records and get back to work"
#Crisis #Tariffs #USA #EU #News #Democrats #MAGA #Fascism #Incompetence #Economy #Inflation #Oligarchy
BREAKING: Judge Amy Berman Jackson blocks the dismantling of the CFPB, protecting consumer financial rights from those seeking to weaken oversight. A win for transparency and accountability in our financial system. #CFPB #ConsumerProtection #Accountability” ecf.dcd.uscourts.gov/cgi-bin/show...
Judge Amy Berman Jackson in the National #Treasury Employees v. #RussVought (acting director of CFPB) ruled that the attempt to dismantle #CFPB is likely unlawful, & the recent claims by the #Trump admin that the agency was still performing its statutorily mandated duties was "nothing more than window dressing."
As such she ordered a preliminary injunction.
#law #ConsumerProtection #AbuseOfPower #Trump
https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2025cv0381-87
![In sum, the Court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion. For all of the reasons set forth above, the Court will GRANT [Dkt. # 10] plaintiffs' motion and issue a preliminary injunction that maintains the agency's existence until this case has been resolved on the merits, reinstating and preserving the agency's contracts, work force, data, and operational capacity, and protecting and facilitating the employees' ability to perform statutorily required activities. The Court is aware of the modifications the plaintiffs have made to their proposed order, as well as the objections lodged by the defendants to previous iterations of the proposed order, and it is mindful that its order must be sufficiently specific to be enforceable, while also broad enough to afford the agency and its leadership the discretion they are accorded under the statute when carrying out their regulatory, enforcement, and supervisory responsibilities.](https://s3.masto.ai/media_attachments/files/114/242/098/939/614/022/original/6844bc004d4f87fa.png "In sum, the Court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion. For all of the reasons set forth above, the Court will GRANT [Dkt. # 10] plaintiffs' motion and issue a preliminary injunction that maintains the agency's existence until this case has been resolved on the merits, reinstating and preserving the agency's contracts, work force, data, and operational capacity, and protecting and facilitating the employees' ability to perform statutorily required activities. The Court is aware of the modifications the plaintiffs have made to their proposed order, as well as the objections lodged by the defendants to previous iterations of the proposed order, and it is mindful that its order must be sufficiently specific to be enforceable, while also broad enough to afford the agency and its leadership the discretion they are accorded under the statute when carrying out their regulatory, enforcement, and supervisory responsibilities.")
"Since the Trump administration moved to dismantle the Consumer Financial Protection Bureau last month, the bureau has dropped nine lawsuits that it had brought on behalf of consumers.
The actions effectively freed major financial firms like Capital One and the mortgage giant Rocket Homes from the threat of consequences for their alleged significant wrongdoing, shocking consumer advocates and raising questions about the future of America’s consumer watchdog. For their part, when the cases were dropped, the companies lauded the decisions, with a bank spokesperson welcoming the dismissal of the case, “which we strongly disputed,” and Rocket Homes calling the suit an “empty claim.”
But the administration’s new hands-off approach to enforcement at the CFPB extends far beyond those public lawsuits. Behind the scenes, dozens of ongoing investigations into alleged corporate malfeasance are now frozen at the agency, potentially denying accountability and financial relief for untold numbers of consumers, a ProPublica investigation has found.
Under a stop-work order issued by the agency’s new leaders, CFPB investigators have been unable to press forward on probes into companies whose products and services are used by tens of millions of Americans, including Carvana, the online used-car retailer; Mr. Cooper, one of the country’s largest mortgage servicers; and CareCredit, a leader in medical credit cards, according to multiple people with knowledge of the matters."
"The #CFPB instituted a $5 cap on overdraft fees under Biden (would've saved consumers $5B/yr). Thankfully for major banking insts & unfortunately for working Americans -Trump won, & with his admin’s blessing, Rs just advanced leg to repeal the cap on overdraft fees.
The Senate voted 52-48 on Thurs in favor of a resolution from Sen Banking CMTE CHM Scott to repeal the rule. He'd the gall to say that removing the cap on overdraft fees would be “good for consumers."
#USPol https://www.rollingstone.com/politics/politics-news/republicans-vote-repeal-cap-bank-overdraft-fees-1235304880/
…The case began in 2020 when the #CFPB accused Townstone of #redlining & breaking fair-lending laws by discouraging residents living in majority-#Black neighborhoods from applying for its #housing #loans. It homed in on comments made during the company’s radio show & podcast, “The Townstone Financial Show,” saying they were intended to rebuff Black borrowers or those seeking to buy homes in certain neighborhoods.
In an especially strange twist, the case — against #TownstoneFinancial, a small Chicago-based lender — was brought during #Trump’s first term by Kathleen Kraninger, the director he appointed to run the #CFPB.
#RussVought, who became the agency’s acting director last month, said it had “used radical ‘#equity’ arguments to tag Townstone as #racist with zero evidence, & spent years persecuting & extorting them.”
I thought they were trying to save money 
Under #Trump, the #Consumer #FinancialProtection Bureau #CFPB has dropped nearly a dozen enforcement cases brought during the #Biden admin, ending lawsuits against #banks & #lenders for a variety of financial practices that the #watchdog agency no longer considers #illegal.
But on Wed, the bureau went a step further: It is seeking to GIVE BACK $105k that a #mortgage lender paid to settle #racial #discrimination claims….
#law
https://www.nytimes.com/2025/03/26/business/cfpb-repay-mortgage-lawsuit.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=6A5655B4-A7D4-4098-AED1-2847DA87EEB0
This is probably worth reading. A lot of my career was in lending, part of my problem with Discover card was caused by me, but also they have changed their policies since I got that card seven years ago. And it’s not good.
I’m glad I rage quit Discover card. I don’t care that my credit score took a hit, or that I have a $9500 less available credit line. I would never ever spend $9500 at 28% anyway, I was more afraid of Scammer might charge that $9500 and Discover card would stick me with the bill.
But if your bank gets scammy this article claims there are still options for justice.
With the CFPB on Pause, Here’s How to Protect Yourself - The New York Times https://www.nytimes.com/2025/02/28/your-money/cfpb-consumer-financial-protection.html?unlocked_article_code=1.0U4.syAx.-dE_lrko72TX&smid=url-share
"The enforcement freeze effectively halts the #CFPB efforts begun under frmr Pres Joe Biden to police #tech companies, some of which have donated millions to #DonaldTrump ... Among the firms under agency scrutiny are #Meta, the parent company of #Facebook...
The inquiry into Meta was being watched closely as a test case for the agency’s expansion into regulating tech companies whose businesses intersect with financial services."
- @ProPublica
Former #CFPB Director & #FTC Commissioner Rohit Chopra to Steph Ruhle:
I hope people realize Trump carved out a #tariffs exception for small packages - which is exactly how #Fentanyl comes into the US from #China. He did this after meeting with the CEO of FedEx.
Steph: That's always been the way with him: Trump's decisions are often determined by the last person he spoke with.
I need you with me to #stop #Musk and #WallStreet from destroying the agency that protects millions of people from scams and financial abuse. Take action now to demand #Congress defend the #CFPB. https://click.actionnetwork.org/ss/c/u001.qUXRBnqZ7T8nxbpAcIVwoUsWLkUMWlo_0JmZttSlm396MCpkY7Ue0aOf7CTWHOaxaeKCrM4h_9MpeCNxNj4AkHo5stHah_ABzTdvbl2V0DumvIm3ym0NCPnExR47X5LAPR1T_6-75oqTT19Brq9qqIp4m8D6NOpgbVsyvuvf7e6kncDjRW1ptWW7wJn-wWNFR9xUpOSVMb7E0YQcfDBvRFzKVd62SIHMrypHPitR_VX6XJkvXRmBUKD3qwqiOvtYmNpJr32ON2JgMr9qXZTOb7xNJa1BLMhKNI7OTMcj0z6akgV7BZjjd1g66ucF4k9f8TbejTisem3epbeeXszCRFr4gNO6WGXsI8m2FfQzf89Gj594njG8YNeTjNLykEL6GXHgGCcIXsnOE5AD1pgh8qIuaF-V69PJk8bGqd41RJhKJUks58l5rc2buhAHYt9IJEbvFAX6Qsbz39wqdn3AIkmUz5EGbg7xgRxyZmBtkWCePoCMtdHedb4PxeYS7erm4JBwSadyvrJmIq8TarMP-Q/4e4/34heOhC8TKignU_Mu8IBlQ/h0/h001.z5UvrSBjjkQOgqUDaEiwPYDMhXLCeyDZ3hOn_pzIx5g
13/
Table of #DOGE members.
(61 - 65) (of 68)
From #Wikipedia: https://en.wikipedia.org/wiki/Department_of_Government_Efficiency#DOGE_members
61) #BradSmith, Chief of staff
62) #BrendanSpikes, Musk lieutenant, #OPM
63) #ChristopherStanley, Musk aide, OPM
64) #RussellVought, Director, #OMB
65) #JordanWick, Expert (coding), #CFPB
10/
Table of #DOGE members.
(46 - 50) (of 68)
From #Wikipedia: https://en.wikipedia.org/wiki/Department_of_Government_Efficiency#DOGE_members
46) #BrooksMorgan, #ED
47) #ElonMusk, TrumpAdvisor
48) #NoahPeters, Lawyer, #OPM, #EOP
49) #NikhilRajpal, Expert (coding), #CFPB, #NOAA, OPM
50) #AdamRamada, Liaison, EOP
8/
Table of #DOGE members.
(36 - 40) (of 68)
From #Wikipedia: https://en.wikipedia.org/wiki/Department_of_Government_Efficiency#DOGE_members
36) #ScottLangmack, Liaison, #HUD
37) #JeremyLewin, Liaison, #CFPB, #USAID, #DOS
38) #KendallLindemann, Expert (HR), #EOP, #USDS
39) #KathrynArmstrongLoving, Federal detailee, #EPA
40) #TarakMakecha, Finance executive, DOS
7/
Table of #DOGE members.
(31 - 35) (of 68)
From #Wikipedia: https://en.wikipedia.org/wiki/Department_of_Government_Efficiency#DOGE_members
31) #ColeKillian, Federal Detailee, #EPA
32) #GavinKliger, Senior advisor to the Director, #CFPB, #OPM, #USAID, #IRS
33) #KeenanKmiec, Lawyer, #EOP
34) #TomKrause, Fiscal Assistant Secretary of the Treasury, #USDT
35) #ScottKupor, Director, OPM
Fuck off T-Mobile!
No doubt they are happy to increase their prices now that the administration is dismantling the consumer-protection agency.
Souviens 
