Consumer Financial Protection Bureau dismisses $95M overdraft case vs. Navy Federal Credit Union
The Consumer Financial Protection Bureau, led by President Trumpβs administration, has dropped a case against Navy Federal Credit Union.
Shot: In April, Trump's CFPB said it'd prioritize providing redress to service members. www.consumerfinancialserviceslawmonitor.com/2025/04/cfpb...
Chaser: Trump's CFPB told Navy Federal Credit Union it no longer has to refund $80M to service members for illegal overdraft fees.
30.07.2025 15:13 β π 3 π 2 π¬ 0 π 0
CFPB Paying Nearly $5 Million for Voughtβs Security Detail (1)
The Consumer Financial Protection Bureau is sending nearly $5 million to the Office of Management and Budget to pay for a security detail for Russell Vought, who currently leads both agencies.
Vought is really quite hell bent on spending the CFPB's budget on anything but consumer protection.
$5 million for a security detail, which no prior director has had, even though the CFPB's max budget was cut by nearly 50% and his other agency, OMB, just got a $100M budget increase.
24.07.2025 11:52 β π 1 π 0 π¬ 0 π 0
Employees at the nation's consumer financial watchdog say it's become toothless under Trump
Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.
Trump & his team have made the CFPB effectively inoperable for the past 6 months. Heβd rather CFPB workers get paid to do nothing or to help corporate lawbreakers off the hook than to protect everyday Americans from scammers and fraudsters. #LetUsWork #SaveCFPB
16.07.2025 21:42 β π 1 π 0 π¬ 0 π 0
The main factual difference: potential layoffs at the CFPB are even higher (~90% v 50%) but layoff notices hadnβt actually been sent at the time of the district courtβs injunction.
Iβd guess the facts make little difference to SCOTUS but whoβs to say when the majority refuses to explain itself.
14.07.2025 20:51 β π 1 π 0 π¬ 0 π 0
According to this Supreme Court, President Biden's Department of Education was exceeding its power by trying to forgive peoples' student loans.
President Trump, on the other hand, has the power to just completely dismantle the entire Education Department.
14.07.2025 19:35 β π 4827 π 2092 π¬ 116 π 144
I fear the CFPB is very likely to suffer the same fate nowβ¦
The DC Circuit has been sitting on the appeal of a PI prohibiting layoffs for a few months now. Many have thought the panel was waiting for SCOTUS to show its hand. Sadly SCOTUS continues to be pro-Trump and anti-democracy.
14.07.2025 20:13 β π 2 π 0 π¬ 0 π 1
And through it all she has tried to "protect consumers, as her doctors would try to protect her, as @nteu335.bsky.social would try to protect the CFPB, as financial regulators would try to protect the markets, as the courts and the bureaucrats would try to protect the Constitution and the country."
29.06.2025 13:53 β π 7 π 1 π¬ 0 π 0
The man who held a White House event to promote his meme coin is mad that a member of his cabinet is using her office for self-promotion. www.nytimes.com/2025/06/20/u...
21.06.2025 13:38 β π 1 π 0 π¬ 0 π 0
The CFPB has stepped back from scrutinizing Buy Now, Pay Later even as more Americans are using the short-term loans to pay for daily expenses like groceries.
www.nytimes.com/2025/06/02/b...
www.consumerfinance.gov/about-us/new... #SaveCFPB
16.06.2025 14:32 β π 0 π 0 π¬ 0 π 0
Somehow an 80-year-oldβs GI-Joe themed birthday party is even sadder than youβd imagine.
15.06.2025 06:13 β π 3 π 0 π¬ 0 π 0
Fortunately Captain Maryland is directing traffic for #NoKings on the notorious stroad that is Georgia Ave.
14.06.2025 18:29 β π 0 π 0 π¬ 0 π 0
Definitely the first time Iβve been happy to hear an endless stream of honking on Georgia Ave
14.06.2025 18:24 β π 3 π 0 π¬ 1 π 0
#NoKings protesters have Georgia Ave blanketed in Silver Spring MD
14.06.2025 18:16 β π 1 π 0 π¬ 0 π 1
In his self-described effort to βtraumatizeβ federal workers, Russ Vought effectively confiscated hundreds of CFPB workers personal belongings for the past 4 months. Theyβll finally get their stuff back next week.
31.05.2025 16:37 β π 73 π 34 π¬ 4 π 0
Opinion | Trump Is Turning Our Consumer Watchdog Into a Corporate Protector
The Trump GOP is just like the old GOP: Campaign on and demagogue cultural issues in order to deliver financial windfalls for corporations and billionaires.
21.05.2025 14:46 β π 2 π 0 π¬ 0 π 0
Court adjourned.
Now we wait to see if the court will give the green light to shuttering the CFPB for good or if instead they will require the admin to put us back to work (even if in a more limited capacity) protecting American consumers as intended by Congress. Expect an answer soon.
16.05.2025 19:51 β π 6 π 1 π¬ 2 π 0
Judge Rao doesn't understand why it is a separation of powers problem for the president to unilaterally shut down a statutory agency without Congress passing a statute to do so...
Even the DOJ attorney conceded that is unlawful.
16.05.2025 19:36 β π 5 π 2 π¬ 2 π 0
Judge Katsas's main concern continues to be how to tailor an injunction that prevents a CFPB shut down while also giving the admin enough discretion to restructure/redirect the agency in lawful ways.
16.05.2025 19:23 β π 7 π 1 π¬ 1 π 0
Posts with replies by CFPB Tip Line (@cfpb_tipline) / X
Posts with replies by CFPB Tip Line (@cfpb_tipline) / X
Bennett now reminding the court that the admin set up a "tip line" (which is still live) for industry/public to report if any CFPB workers were doing their jobs in violation of admin's work stoppage. x.com/cfpb_tipline...
16.05.2025 18:59 β π 7 π 0 π¬ 1 π 0
Bennett responding to Rao's badly supported theory that the admin's more recent actions don't show a plan to shut down the CFPB. She stresses that the district court entered order to prevent shut down. Also admin tried to keep public facing work going to reduce public backlash.
16.05.2025 18:56 β π 5 π 0 π¬ 1 π 0
Jennifer Bennett for @nteu335.bsky.social @nteunational.bsky.social is now up. Opens by stressing that the admin has already conceded that its actions are unlawful if the facts found by the district court are supported. They are.
16.05.2025 18:50 β π 7 π 2 π¬ 1 π 0
Judge Pillard: You're trying to characterize the admin's actions as regular and business as usual. But this isn't like anything I've seen before.
Me neither.
16.05.2025 18:46 β π 6 π 3 π¬ 1 π 0
Since the DOJ likes downplaying the evidence in this case, it is worth looking at the many emails, declarations, & testimony that clearly show a plan to shut down the CFPB.
nteu335.org/2025/03/09/n...
nteu335.org/2025/03/25/n...
nteu335.org/2025/04/28/n...
16.05.2025 18:43 β π 6 π 1 π¬ 1 π 1
DOJ attorney repeating lies about the content of the February work stoppages. Admin directed staff "not to perform any work task," but DOJ tries to claim the admin only halted non-urgent, non-statutory work. (Meanwhile 500+ Supervision staff still haven't done exam work since February).
16.05.2025 18:38 β π 4 π 0 π¬ 1 π 0
Judge Rao with her first comment says we have a "temporal problem." She posits there may have been a plan to shut down the CFPB, but the admin's more recent actions are inconsistent with that. That's nonsense. Recent actions are restrained by court order and include 90% layoffs.
16.05.2025 18:38 β π 6 π 0 π¬ 1 π 0
Judge Pillard now walking through the extensive factfinding from the district court's about all of the admin's efforts to shut down the CFPB. www.courtlistener.com/docket/69624...
DOJ says the admin is just trying to "strip it down to the statutory studs."
16.05.2025 18:31 β π 6 π 1 π¬ 1 π 0
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