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2025-02-02 Government Corruption
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Trump fires the director of the Consumer Financial Protection Bureau, Census Bureau director quits, 88 senior FBI people escorted out yesterday
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 [Yahoo] Fauxcahontas' Fav Despot Defenestrated
President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover.
Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Trump took office on Jan. 20. Chopra's tenure saw the removal of medical debt from credit reports and limits on overdrafts penalties, all based on the premise that the financial system could be fairer and more competitive in ways that helped consumers. But many in the financial industry viewed his actions as regulatory overreach.
Under the law, Chopra was to serve a five-year term, which meant he could have stayed on as the CFPB director. But he had publicly stated that he would leave his post if the new president asked.
The bureau was created after the 2008 financial crisis to regulate mortgages, car loans and other consumer finance. It has long been opposed by Republicans and their financial backers.
Last year, the Supreme Court rejected a challenge that could have undermined the bureau, ruling that the way it is funded does not violate the Constitution. Unlike most federal agencies, the bureau does not rely on the annual budget process in Congress, but is funded directly by the Federal Reserve.
| In addition to being a pet project of Senator Fauxcahontis, venture capitalist and Trump convert Marc Andreessen blamed the Consumer Financial Protection Bureau for the debanking issue many in tech and cryptocurrencies were damaged or destroyed by in recent years. |
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Posted by Frank G 2025-02-02 00:00||
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Posted by DarthVader 2025-02-02 10:40||
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Posted by Super Hose 2025-02-02 10:44||
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Posted by Airandee 2025-02-02 12:57||
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Posted by Woodrow 2025-02-02 20:31||
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09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
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06:58 NN2N1
06:58 Besoeker
05:28 Whiskey Mike
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