The White House put out a statement about the dismantling of the CFPB. It was what you would expect. But I have to point out that one enforcement action that they mention, targeting a Chicago-area mortgage lender for discriminatory language, was filed in 2020. Remember who was president in 2020?

In his first act as CFPB Acting Director, Treasury Secretary Bessent has basically stopped it from doing...anything really, according to an email obtained by Bloomberg Law: news.bloomberglaw.com/banking-law/...

Behold, the first industry lawsuit against the CFPB's ban on medical debt rule: news.bloomberglaw.com/banking-law/...

Nothing says Christmas like suing the Fed!

Happy birthday Eddie Jerome Vedder. Remembering his excellent acting work in the greatest modern musician biopic. www.youtube.com/watch?v=Lq6S...

Anyway, as alleged, the complaint against Walmart and Branch is pretty bad. Requirements that Spark Drivers have a Branch account, and pay fees to transfer pay to their regular banks.

Happy Festivus from the CFPB! news.bloomberglaw.com/banking-law/...

In case you missed it, CFPB Director Rohit Chopra is going out guns blazing. news.bloomberglaw.com/banking-law/...

For the past few years, investors have been hyper-focused on Fed Chair Jerome Powell as he clamped down on the economy to fight inflation and then began to ease off. Next year, market intrigue will be focused elsewhere: on Donald Trump. w/ @declanharty.bsky.social www.politico.com/news/2024/12...

It's always a pleasure to talk to Rob. This was a really fun conversation.

There's been a lot of chatter about the future of FDIC, CFPB under Trump. I turn to @reporterev.bsky.social to help me break it down. Can Trump eliminate the FDIC? What CFPB policies will survive? Listen on Apple Pod: podcasts.apple.com/us/podcast/w...

Awesome to have Alex Johnson of Fintech Takes back on the podcast to talk crypto's political influence, stablecoins' future and debanking. Listen on Apple Podcasts: podcasts.apple.com/us/podcast/c...

Had the pleasure of joining fellow W&M Tribesman @robblackwellab.bsky.social on the "Banking With Interest" podcast to discuss Bessent, taxes and Trump 2.0. Give it a listen here www.intrafi.com/press-insigh...

Standing Desk Celebrates 4th Year At Lowest Possible Setting

Here's a story about the CFPB's clever marketing strategy for it's data broker rule (national security! preventing debanking!) and whether it just might work for the Trump administration. I wouldn't count on it, but I also wouldn't totally count it out. news.bloomberglaw.com/banking-law/...

I am happy to be on Bluesky for the simple reason that I can actually see posts by people I follow. That shouldn’t be remarkable at all, but it is when compared with X!

President-elect Trump announces Michael Faulkender for deputy Treasury secretary and Paul Atkins for SEC chair. (Both have previously gone through the Senate confirmation process)

The economic clashes looming in Trump 2.0 www.politico.com/news/2024/12...

Spoiler alert: I did not get the part.

The US economy’s post-pandemic performance stands out as the best among major economies – growth since the pandemic is greater than its pre-pandemic trend. China’s economy was the first to recover from the pandemic shutdowns but has been sluggish since. The European economy has lagged even more.

Barnes & Noble just opened an amazing new store in Georgetown (DC) and invited me to take part in the opening week festivities. Hope you’ll come join me tomorrow and get some books signed on Saturday, Nov 23, from 5-7pm.

U2 have released a number of "visualiser" videos on their YouTube account, as well as the lyric video for "Luckiest Man in the World". They are all available now... #U2HTDAAB20 #ReASSEMBLE #U2

The Schwan’s truck was part of the scenery in the neighborhood where I lived in Erie, PA. (We also had a tin box on the porch where a milkman would leave a frozen gallon). Through a lens of nostalgia, this seems sad. But it’s surprising the company lasted this long www.nytimes.com/2024/11/22/b...

I just finished "Memorials" last night and it was great! Really enjoyed it! If you like good, literary horror (a la King), definitely buy it: www.simonandschuster.com/books/Memori... Climbing a tree is fun and all, but this is more fun.

Had a terrific, in-depth discussion about the future of the CFPB, including its contentious open data rule, with Lindsey Johnson, head of the Consumer Bankers Association, on the podcast this morning. Listen in: podcasts.apple.com/us/podcast/c...

"Luckiest Man in the World" (aka "Mercy") will be sent to radio as the fourth song from the album sent for promotion. A lyric video will also debut tomorrow, Nov. 22. For more info on the promotional singles to date: www.u2songs.com/discography/... #U2HTDAAB20 #U2Mercy #ReAssemble #U2

Sen. Elizabeth Warren (D-Mass.) tells reporters she'd like to work with President-elect Trump on a credit card rate cap of 10%, which he bandied on the trail. "I can't imagine that President Trump didn't mean every single thing he said during the campaign," Warren quips.

scoop from my bloomberg colleagues -- Trump is considering creating a White House crypto czar www.bloomberg.com/news/article...

Chair McHenry is opening this regulatory hearing by sharply criticizing all the regulators. Accusing them of missing the ball on regional bank failures last year, acting politically, putting forth rules with no data backing them. He's not a fan. www.youtube.com/watch?v=NNxT...

Some images from the How to Re-Assemble an Atomic Bomb listening session in Berlin tonight courtesy of Pawel! We will update our report on these sessions shortly! Thanks for sharing @pawelszcz.bsky.social

Barnes & Noble is making a comeback: The world’s largest retail bookseller is expanding at a breakneck pace and is on track to reach its goal of more than 60 planned openings this year.