The U.S. national debt hit $40 trillion for the first time in history. Meanwhile, President Trump hosted crypto leaders at the White House where he called on Congress to pass a bill that would directly benefit the industry, which has made his family business $1.4 billion. CNBC Fast Money Contributor Dan Nathan and Former CFPB Director Rohit Chopra join Stephanie Ruhle to share their thoughts.
Brian Johnson, President Trump's pick for director of the Consumer Finance Protection Bureau (CFPB) is testifying Thursday morning before the Senate Banking Committee. Johnson served in various roles at the agency during Trump's first administration. Office of Management and Budget Director Russell Vought has been serving as the acting CFPB head. Earlier this month, he was lambasted by Democrats over his tenure at the consumer watchdog agency, where he has moved quickly to halt many of its functions and shut down its headquarters. The CFPB, which was created in the wake of the 2007-08 financial crisis, has long been a target for conservatives, who argue it is a prime example of government overreach. #cfpb #trump #senate
The Consumer Financial Protection Bureau (CFPB), the brainchild of Democrat Massachusetts Sen. Elizabeth Warren, was co-opted by the Trump administration to achieve its own goals in the fight against illegal immigration. Guidance issued by the CFPB last month reminded creditors of their obligations to “assess consumers’ ability to repay before offering mortgages and certain open-end credit products,” specifically noting that they should consider “consumers’ immigration status, especially where removal from the United States may disrupt the consumer’s income.” (RELATED: Democrats Plot Eleventh-Hour ‘Gerrymandering’ Effort To Oust Blue State’s Sole Republican Rep) The guidance then goes to great lengths to clarify that…Open
The Consumer Financial Protection Bureau (CFPB) has directed hundreds of employees who live outside the Washington area to relocate to the agency’s new headquarters or […] Source
A new filing asks a federal court to allow the White House to dismiss much of the Consumer Financial Protection Bureau’s remaining work force, but not close the bureau entirely.
