Michael Enseki-Frank
@michaelenseki.bsky.social
Reposted by Michael Enseki-Frank
"While [Trump] parades a crowd of corporate lobbyists, billionaire donors, and Wall Street insiders like Scott Bessent to lead our country, we're looking at the end of basic protections for American consumers," @accountable-us.bsky.social
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
www.npr.org
February 3, 2025 at 8:56 PM
"While [Trump] parades a crowd of corporate lobbyists, billionaire donors, and Wall Street insiders like Scott Bessent to lead our country, we're looking at the end of basic protections for American consumers," @accountable-us.bsky.social
Reposted by Michael Enseki-Frank
Elon Musk and Scott Bessent are gutting the 1 consumer agency who worked to remove medical debt from credit reports, banned overdraft fees, and cut credit card late fees to $8. The CFPB was literally made to protect American families from predatory financial firms & billionaires just stopped them.
Musk seeks to “delete” the federal agency—created in the wake of the 2008 housing crisis—that had been working to “crack down on predatory lending, reduce the burden of medical debt and cut fees that customers pay when they fall behind on credit card bills.” www.washingtonpost.com/business/202...
CFPB halts work after Trump appoints Bessent as acting head
The consumer watchdog agency was formed in the wake of the 2008 financial crisis. Elon Musk wants to “delete” it.
www.washingtonpost.com
February 3, 2025 at 9:11 PM
Elon Musk and Scott Bessent are gutting the 1 consumer agency who worked to remove medical debt from credit reports, banned overdraft fees, and cut credit card late fees to $8. The CFPB was literally made to protect American families from predatory financial firms & billionaires just stopped them.
Reposted by Michael Enseki-Frank
Some highlights from DOJ's proposed final judgment: stop paying Apple to make Foot the default search engine, divest any investment in AI Products, & divest Chrome!
November 21, 2024 at 4:00 AM
Some highlights from DOJ's proposed final judgment: stop paying Apple to make Foot the default search engine, divest any investment in AI Products, & divest Chrome!