Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This makes me want to cancel my credit cards in protest.

Look I hate to be alarmist but…it’s kind of scary how much is going completely unregulated right now. Especially given a looming financial crisis. I don’t think people understand how much CFPB and other regulators did to mitigate the financial effects of COVID, for instance. Remember how worried everyone was that people were going lose their jobs and there would be an absolute tsunami of foreclosures and a spiraling economy?!

That’s just it— why would anyone want to participate in an unregulated financial system? If you have three cards and can’t live without one, then get rid of two. Don’t give them anymore money.,

People seem to have forgotten why the CFPB was set up in the first place.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This makes me want to cancel my credit cards in protest.

Look I hate to be alarmist but…it’s kind of scary how much is going completely unregulated right now. Especially given a looming financial crisis. I don’t think people understand how much CFPB and other regulators did to mitigate the financial effects of COVID, for instance. Remember how worried everyone was that people were going lose their jobs and there would be an absolute tsunami of foreclosures and a spiraling economy?!

That’s just it— why would anyone want to participate in an unregulated financial system? If you have three cards and can’t live without one, then get rid of two. Don’t give them anymore money.,

Anonymous wrote:

Anonymous wrote:This makes me want to cancel my credit cards in protest.

Look I hate to be alarmist but…it’s kind of scary how much is going completely unregulated right now. Especially given a looming financial crisis. I don’t think people understand how much CFPB and other regulators did to mitigate the financial effects of COVID, for instance. Remember how worried everyone was that people were going lose their jobs and there would be an absolute tsunami of foreclosures and a spiraling economy?!

Anonymous wrote:This makes me want to cancel my credit cards in protest.

Anonymous wrote:Here is an article about today’s hearing: https://apnews.com/article/trump-consumer-financial-protection-bureau-65c7953b6d79043fc2ac58b660c3847d

Anonymous wrote:

Anonymous wrote:Insane. CFPB is important.

This. The only people who begrudge consumers protection are those who intend to swindle consumers.

Anonymous wrote:

Anonymous wrote:Apparently per the declarations offered at today’s hearing, one of the DOGE children pushed CFPB employees to work 36 hrs straight to effectuate the RIF. I’m surprised no one told him to pound sand

Posts

4 hr 4 min ago
DOGE member kept consumer watchdog staff working 36 hours straight on layoff notices, court filing reveals
From CNN’s Tierney Sneed and Tami Luhby
A member of Elon Musk’s Department of Government Efficiency kept Consumer Financial Protection Bureau staffers working for 36 hours straight to send out mass layoff notices at the agency, screaming at those he thought weren’t working fast enough, according to a declaration filed Friday in a legal case over the terminations.

“DOGE member Gavin Kliger managed the RIF. He kept the team up for 36 hours straight to ensure that the notices would go out yesterday (April 17). Gavin was screaming at people he did not believe were working fast enough to ensure they could go out on this compressed timeline, calling them incompetent,” said an unidentified member of the team working on the reduction in force, or RIF, notices. The person used a pseudonym in the filing for fear of retaliation.
The CFPB started sending RIF notices to about 1,500 of the 1,700 agency staffers yesterday.

US District Court Judge Amy Berman Jackson is holding an emergency hearing today to examine the layoffs. The hearing is ongoing.

Yes and he has been ordered to show up at the next hearing.

The declarations are really worth reading if anyone has time. They’re pretty insane. There’s a part about how staff pointed out they’re still under an injunction and this could cause legal problems and the response was that they don’t care. So now those people who just didn’t care get to show up and explain that to the court.