President Trump signed an executive order against ‘politicized debanking’ while simultaneously gutting the Consumer Financial Protection Bureau—the only federal agency equipped to investigate such claims. Most CFPB staff have been purged since Trump took office, and active investigations …
Donald TrumpConsumer Financial Protection BureauJPMorganCitibankregulatory-captureinstitutional-dismantlingfinancial-corruptionperformative-governance
The Consumer Financial Protection Bureau notified employees of potential job cuts after Congress halved its funding cap, following Trump’s earlier purge of Director Rohit Chopra. The CFPB, established after the 2008 financial crisis to protect consumers from predatory lending, credit card …
The Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, and Los Angeles City Attorney announce a combined $185 million settlement with Wells Fargo for the systematic creation of more than two million unauthorized deposit and credit card accounts. The CFPB assesses a $100 …