By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday revoked a 2021 executive order on promoting competition in the U.S. economy issued by his predecessor Joe Biden, the White House said. The move by Republican Trump further unwinds a signature initiative by Biden, a Democrat, to crack down on anti-competitive practices in sectors…
The “Department of Government Efficiency” (DOGE), which was previously led by Tesla CEO Elon Musk, is reportedly using artificial intelligence (AI) to create a “delete list” of federal regulations. This initiative aims to cut 50% of regulations by the first anniversary of US President Donald Trump’s second inauguration. According to internal documents obtained by The…
NEW YORK (AP) — A federal judge in Texas removed a Biden-era finalized ruled by the Consumer Financial Protection Bureau that would have removed medical debt from credit reports. U.S. District Court Judge Sean Jordan of Texas’s Eastern District, who was appointed by Trump, found on Friday that the rule exceeded the CFPB ‘s authority….
A federal judge has blocked a rule issued by the Consumer Financial Protection Bureau in January that would have removed unpaid medical debt from the credit reports of about 15 million consumers. The ruling, issued Friday by Judge Sean Jordan of the U.S. District Court of Texas’ Eastern District, orders that the rule be vacated…
NEW YORK (AP) — Navy Federal Credit Union will no longer have to refund $80 million to servicemen and women for illegally charging them overdraft fees on their accounts, after the President Donald Trump-led Consumer Financial Protection Bureau moved to dismiss the case. It’s the latest example of how the Trump-led CFPB is undoing much…
The Consumer Financial Protection Bureau remains in limbo after President Donald Trump’s attempt to fire nearly everyone at the agency was paused on Friday by a federal judge. U.S. District Judge Amy Berman Jackson said she was worried the layoffs would violate earlier court decisions. In her written order, she said the administration was poised to…
The House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.” The resolution (H.J.Res.64) says that Congress disapproves the rule and “such rule shall have no force or effect.” It passed in a…
U.S. District Judge Amy Berman Jackson issued a preliminary injunction Friday that blocks the Trump administration from dismantling the Consumer Protection Financial Bureau. “The court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion,” she wrote in a 112-page…
Capitol Hill Republicans are looking to scrap a pair of major consumer protection rules as they seek to roll back some of the Biden administration’s last-minute regulatory moves. Last week, GOP leaders took their first step toward nixing a $5 cap on bank overdraft fees, which had provoked furious opposition and a legal challenge from…
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog? – CBS News Watch CBS News Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration’s attempts to dismantle it. Be the first to know Get browser notifications…