The White House put out a statement about the dismantling of the CFPB. It was what you would expect.

But I have to point out that one enforcement action that they mention, targeting a Chicago-area mortgage lender for discriminatory language, was filed in 2020. Remember who was president in 2020?

Bessent Pauses CFPB Litigation, New Rules as He Takes the Reins Treasury Secretary Scott Bessent has shut down a wide variety of operations inside the Consumer Financial Protection Bureau in his role as acting director.

In his first act as CFPB Acting Director, Treasury Secretary Bessent has basically stopped it from doing...anything really, according to an email obtained by Bloomberg Law: news.bloomberglaw.com/banking-law/...

CFPB's Medical Debt Credit Reporting Ban Faces Industry Lawsuit A trade group representing consumer credit reporting companies and a Texas-based credit union association sued to block the Consumer Financial Protection Bureau’s new rule barring most medical debt fr...

Behold, the first industry lawsuit against the CFPB's ban on medical debt rule: news.bloomberglaw.com/banking-law/...

Nothing says Christmas like suing the Fed!

YouTube video by TONES' TUNES Walk Hard: The Dewey Cox Story (Extended Scene) - "Eddie Vedder's Induction Speech"

Happy birthday Eddie Jerome Vedder. Remembering his excellent acting work in the greatest modern musician biopic.
www.youtube.com/watch?v=Lq6S...

Anyway, as alleged, the complaint against Walmart and Branch is pretty bad. Requirements that Spark Drivers have a Branch account, and pay fees to transfer pay to their regular banks.

CFPB Sues Walmart, Fintech Partner for Illegal Account Openings Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday.

Happy Festivus from the CFPB! news.bloomberglaw.com/banking-law/...

CFPB Sues JPMorgan, Bank of America Over Alleged Zelle Fraud (1) The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment ...

In case you missed it, CFPB Director Rohit Chopra is going out guns blazing. news.bloomberglaw.com/banking-law/...

Trump poised to replace the Fed as Wall Street’s obsession The stock market has been frothy even as investors have lowered their expectations for how much further interest rates will go down.

For the past few years, investors have been hyper-focused on Fed Chair Jerome Powell as he clamped down on the economy to fight inflation and then began to ease off. Next year, market intrigue will be focused elsewhere: on Donald Trump.
w/ @declanharty.bsky.social
www.politico.com/news/2024/12...

It's always a pleasure to talk to Rob. This was a really fun conversation.

What’s the Future of the CFPB and FDIC Under Trump? Podcast Episode · Banking with Interest · 12/17/2024 · 37m

There's been a lot of chatter about the future of FDIC, CFPB under Trump. I turn to @reporterev.bsky.social to help me break it down. Can Trump eliminate the FDIC? What CFPB policies will survive?

Listen on Apple Pod: podcasts.apple.com/us/podcast/w...

Crypto’s Win, Stablecoins’ Future & Debanking Debate Podcast Episode · Banking with Interest · 12/12/2024 · 45m

Awesome to have Alex Johnson of Fintech Takes back on the podcast to talk crypto's political influence, stablecoins' future and debanking.

Listen on Apple Podcasts: podcasts.apple.com/us/podcast/c...

Had the pleasure of joining fellow W&M Tribesman @robblackwellab.bsky.social on the "Banking With Interest" podcast to discuss Bessent, taxes and Trump 2.0. Give it a listen here www.intrafi.com/press-insigh...

Standing Desk Celebrates 4th Year At Lowest Possible Setting -The Onion

Standing Desk Celebrates 4th Year At Lowest Possible Setting

CFPB's Data Broker Proposal Faces Uncertain Future Under Trump The Consumer Financial Protection Bureau couched proposed restrictions on data brokers in bipartisan terms—as a way to protect national security, older Americans, and domestic violence survivors—but t...

Here's a story about the CFPB's clever marketing strategy for it's data broker rule (national security! preventing debanking!) and whether it just might work for the Trump administration.

I wouldn't count on it, but I also wouldn't totally count it out. news.bloomberglaw.com/banking-law/...

I am happy to be on Bluesky for the simple reason that I can actually see posts by people I follow. That shouldn’t be remarkable at all, but it is when compared with X!

President-elect Trump announces Michael Faulkender for deputy Treasury secretary and Paul Atkins for SEC chair. (Both have previously gone through the Senate confirmation process)

The economic clashes looming in Trump 2.0 Investors have been heartened by the selection of Bessent and Hassett as a sign the Cabinet might soften the parts of Trump's agenda that could shake markets.

The economic clashes looming in Trump 2.0

www.politico.com/news/2024/12...

Spoiler alert:

I did not get the part.

The US economy’s post-pandemic performance stands out as the best among major economies – growth since the pandemic is greater than its pre-pandemic trend. China’s economy was the first to recover from the pandemic shutdowns but has been sluggish since. The European economy has lagged even more.

Barnes & Noble just opened an amazing new store in Georgetown (DC) and invited me to take part in the opening week festivities. Hope you’ll come join me tomorrow and get some books signed on Saturday, Nov 23, from 5-7pm.

U2 have released a number of "visualiser" videos on their YouTube account, as well as the lyric video for "Luckiest Man in the World". They are all available now...
#U2HTDAAB20 #ReASSEMBLE #U2

Yelloh, Formerly Schwan’s Home Delivery, Closes Yelloh has parked its fleet of refrigerated trucks. Its downfall, accelerated by a disastrous rebranding, was decades in the making and probably inevitable, experts say.

The Schwan’s truck was part of the scenery in the neighborhood where I lived in Erie, PA. (We also had a tin box on the porch where a milkman would leave a frozen gallon). Through a lens of nostalgia, this seems sad. But it’s surprising the company lasted this long www.nytimes.com/2024/11/22/b...

I just finished "Memorials" last night and it was great! Really enjoyed it! If you like good, literary horror (a la King), definitely buy it: www.simonandschuster.com/books/Memori...

Climbing a tree is fun and all, but this is more fun.

You were absolutely right! Thrilled to have City of Blinding Lights in Atmos!

CBA's Johnson on CFPB Under Trump, Open Banking and Junk Fees vs. Junk Facts Podcast Episode · Banking with Interest · 11/21/2024 · 37m

Had a terrific, in-depth discussion about the future of the
CFPB, including its contentious open data rule, with
Lindsey Johnson, head of the Consumer Bankers Association, on the podcast this morning.

Listen in: podcasts.apple.com/us/podcast/c...

I thought the new release was not going to be in Atmos. I even thought you told me that on the other platform BUT I can never find anything over there. Anyway, is it in Atmos? If so, that's fantastic. Can't wait to listen to City of Blinding Lights that way.

"Luckiest Man in the World" (aka "Mercy") will be sent to radio as the fourth song from the album sent for promotion. A lyric video will also debut tomorrow, Nov. 22. For more info on the promotional singles to date: www.u2songs.com/discography/...
#U2HTDAAB20 #U2Mercy #ReAssemble #U2

Sen. Elizabeth Warren (D-Mass.) tells reporters she'd like to work with President-elect Trump on a credit card rate cap of 10%, which he bandied on the trail.

"I can't imagine that President Trump didn't mean every single thing he said during the campaign," Warren quips.

Why won't they release the Dolby Atmos mixes?!?!?