Congress created the Consumer Financial Protection Bureau (CFPB) as an independent and adaptable federal watchdog with the sole mission to stand up for everyday people trying to borrow safely and save for the future. Until the recent actions of this Congress and the Trump administration, the CFPB carried out this mission faithfully, efficiently, and successfully.
Bloomberg’s Editorial Board recently delivered a blunt warning that the Trump administration’s fixation with weakening the safety and soundness of the banking system by cutting capital requirements is “courting a banking crisis.”
Last month—and on the sixteenth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fifteenth anniversary of the day the Consumer Financial Protection Bureau opened its doors—the House majority advanced legislation to weaken major safeguards established after the last financial crisis.
Private equity firms are major players in the rental housing market. Here’s how private equity ownership works, how it harms tenants, and the organizing strategies and policy responses that could help.
The long-promised ethics provisions in the CLARITY Act crypto legislation are a fig leaf that don’t cover Trump’s unprecedented crypto corruption or the rampant efforts by crypto billionaires to leverage their power and money to secure favorable legislation.
Soon, Senators will face a stark choice when the crypto industry’s top priority, the CLARITY Act, comes up for a vote.