The Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau (CFPB) are blocked in the courts, months after missing its promised deadline to completely shut down the agency. Now, the Trump CFPB is hard at work rewriting the agency’s history to be an industry apologist and rubber stamp rather than a consumer watchdog.
By Natalia Renta, Associate Director for Corporate Governance & Power Tech oligarchs made headlines in September by calling for a slowdown in AI development given concerns about its grave threats to humanity. Despite Anthropic CEO Dario Amodei being a prominent voice in that call, he is still planning to push ahead with his company’s initial public offering (IPO)
The looming Anthropic IPO and other mega IPOs pose significant risks to working people’s retirement savings.
Anthropic is legally incorporated in Delaware, the chosen state of incorporation for a supermajority of companies that go public. In recent years, tech oligarchs have challenged Delaware’s status as the state of choice for public company incorporations, triggering a race to the bottom in state corporate law that Delaware has not been immune to.
People are struggling with rising costs, with the affordability crisis exacerbated by the Trump administration’s actions to prioritize Wall Street and corporations over people and communities.
Late Sunday night, Senate Republicans and the White House dropped new text for the CLARITY Act, the crypto-industry drafted bill slated for a key vote in the Senate tomorrow. Dropping brand new text 40 hours before the vote is an attempt to cover up the massive shortcomings, risks, and harms of the crypto bill and trick Senators into voting for a giveaway to the crypto industry and crypto billionaires.