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Trump nominates CFTC, OCC, and CFPB heads
Nominated agency heads promise deregulation and rulemaking clarity.
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“Do not give Musk access to sensitive data,” politicians warn US regulators
Eyebrows have been raised over Elon Musk’s attempt to access federal payment systems and other sensitive information.
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CFPB shutdown sees enforcement and proposed rules on hold, lawsuits begin
The financial watchdog was intended to protect people from being ripped off by banks and other institutions.
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Chopra axed at CFPB, Bessent steps in as Acting Director
After widely-predicted move, Bureau will dissolve several pending cases and place activist disposition on ice.
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Scott Bessent appointed CFPB acting director
President Trump designated the Secretary of the Treasury as the head of the agency following the resignation of Director Rohit Chopra.
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GRIP Extra: Wise ordered to pay $2.5m CFPB fine, FTC Chairman says “DEI is over”
Other news includes the CFPB mulling moves to prevent debanking, cybercrime websites being seized by EU authorities, and Blackstone staying the course on data center investment.
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GRIP Extra: DoJ settles with American Express, Supreme Court upholds TikTok ban
Other news includes a host of CFPB settlements, an OCC fine against former Wells Fargo execs, and a massive fine against Toyota for emission reporting deception.
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CFPB sues Capital One for withholding $2 billion in potential savings account interest
The agency has accused the bank of underpaying savings account interest and misleading customers.