Trump Gives Budget Director More Time To Eliminate CFPB
From today’s Reuters: The White House has nominated a director to lead the Consumer Financial Protection Bureau, a legal maneuver that buys Acting Director Russell Vought more time to close…
With Mass Layoffs Expected, Judge May Block Dismantling of Consumer Watchdog Agency
From today’s ABC News: After the Consumer Finance Protection Bureau (CFPB) fired its probationary workers as part of the Trump administration’s government-wide layoffs Thursday, the agency moved on to fire…
Congress Considers Crypto Consumer Protection Bill in Response to FTX Collapse
From today’s CNBC News: The shocking collapse of cryptocurrency exchange FTX has increased the urgency in Congress to understand what went wrong and pass legislation to try to prevent another…
Wells Fargo Targeted for ‘Alarming Pattern’ of Zelle Fraud
From today’s New York Times: Fraud on Zelle, the instant-payments system owned by seven of the nation’s biggest banks, has been rising in the past year, leaving hundreds of thousands…
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Facebook, Google, Amazon Marked Black History Month by Donating to Lawmakers Blocking Voting Rights
From today’s MarketWatch: Some major U.S. companies, including Verizon, Facebook owner Meta, Google parent Alphabet and Amazon.com, have publicly highlighted their efforts to commemorate Black History Month. But those same…
Health Advocate or Big Brother? Companies Weigh Requiring Vaccines
From today’s New York Times: As American companies prepare to bring large numbers of workers back to the office in the coming months, executives are facing one of their most…
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Robinhood ‘buried’ info on consumer rights in runup to GameStop saga
From today’s MarketWatch.com: Sen. Elizabeth Warren denounced online broker Robinhood’s practices for disclosing its customer rights in a statement Wednesday, while calling on the Securities and Exchange Commission to ban…
CFPB, muzzled under Trump, prepares to renew tough industry oversight
From today’s Philadelphia Inquirer: The Consumer Financial Protection Bureau, the watchdog created after the 2008 financial meltdown and largely muzzled in the Trump era, is poised to start barking again.…
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A brutal year: how ‘techlash’ caught up with Facebook, Google and Amazon
From The Guardian Online: What goes up must come down, and in 2019, gravity reasserted itself for the tech industry. After years of relatively unchecked growth, the tech industry found…
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Fashion Nova’s Secret: Underpaid Workers in Los Angeles Factories
From today’s New York Times: Fashion Nova has perfected fast fashion for the Instagram era. The mostly online retailer leans on a vast network of celebrities, influencers, and random selfie…