The CFPB gave staff outside of DC two weeks to decide whether they'll move to Washington (and face a potential reduction in force order after doing so) or leave their jobs. Happy Fourth! New from me: news.bloomberglaw.com/banking-law/...

Hey! This stinks!

We killed a beloved celebrity when I worked at a cable TV outlet one weekend back in 1999. It was very embarrassing when his family called to say that he was still alive. Just sayin'.

I'm on a press call with an industry group and the amount of words they're using to explain why the Cook decision came out one way and Slaughter came out the other is, well, it's a lot of words.

Every agency, save the Fed, is the CFPB now. Have fun, everyone.

I think we've figured out where the CFPB under Russ Vought draws the line on pulling back enforcement actions. news.bloomberglaw.com/banking-law/...

The SAFE Banking Act? Now that's a name I've not heard in a long time. A long time.

The CFPB has been trying to find a balance between banks' desire to charge for access to customer data and fintechs' desire to avoid those fees in its open banking rule rewrite. The solution they've come up with is a sort of rationing system. New from me: news.bloomberglaw.com/banking-law/...

Just me, watching the Knicks parade and giggling like a little kid when they interview Herb Williams.

I had my English regents during the Rangers Stanley Cup parade in 1994, which at the time was the most important event in my lifetime. But I took the test, where I was tasked with writing an essay on the theme "It's a Small World After All."

This from my colleague Angelica Serrano-Roman is one of the craziest and most distressing stories I've read in a long time. news.bloomberglaw.com/bankruptcy-l...

Alas, not the lead singer of AC/DC. It's a former deputy CFPB director during the first Trump administration turned Capital One credit card executive.

I didn't realize the lead singer of AC/DC was from Ohio. Impressive accent work!

Banks and other lenders are supposed to review whether a potential borrower can repay a loan. Now, the CFPB is telling lenders that they need to include the prospect of someone getting deported in those calculations. news.bloomberglaw.com/banking-law/...

Has anyone who follows me here ever been involved in hiring at the OCC? I have some questions about job description numbers and what actual jobs they correspond to.

Just a quick update on this: The CFPB has set up an archive site where you can find the old speeches, press releases, etc. back to late 2024, and they may be adding more. wayback.archive-it.org/23481/*/http... The non-English resources still appear to be gone.

But what does this mean for those rumored Fannie, Freddie IPOs?

I've covered the ins and outs of what the Trump administration is doing to the CFPB, and this story really brings together what's happening.

The CFPB is setting up for a post-Russell Vought existence that is probably going to look like he never left when his term as acting director expires later this year. New from me: news.bloomberglaw.com/banking-law/...

The CFPB's return-to-office plan may be a stealth reduction-in-force effort. Don't believe me? It's new office has capacity for 550 people. The agency has around 650 in and around DC alone. The question is whether the DC Circuit will want to review the plan. news.bloomberglaw.com/banking-law/...

When I first heard about the Enhanced Games, I assumed it would be like the "All Drug Olympics." Sounds like it was even better. www.youtube.com/watch?v=jAdG...

The CFPB was hit with the first of what could be a few lawsuits over its rule watering down fair lending enforcement. Among the changes were the elimination of disparate impact analyses in lending discrimination cases. news.bloomberglaw.com/banking-law/...

The CFPB has largely stopped its supervision and investigations of big banks, fintechs, and other companies. What has it been up to? Investigating small loan funds known as "community development financial institutions". New from me: news.bloomberglaw.com/banking-law/...

Earlier this week, the CFPB removed historical speeches, testimony, etc. from its website. Today, the non-English language resources are all gone.

The CFPB is getting a new home in Southwest DC. It's set to hold around 550 people. Guess how many people Russ Vought and the Trump administration plan to have at the agency under the RIF plan filed with the DC Circuit in March. news.bloomberglaw.com/banking-law/...

New from me.

Welp, when I tried to get into the consumerfinance.gov, this is all I got. Rumor is there may be a new website coming.

Hope you didn't want to find anything on the CFPB's website before February 2025, because the Trump administration just deleted everything prior to that date.

Apparently the WhoPoo App has thoughts on whether FSOC should designate nonbank financial firms for regular supervision.

I demand to know who put the theme to "Mr. Belvedere" in my head this morning. www.youtube.com/watch?v=k-GM...

Roger Wilco

In 2024, the Supreme Court overturned a Second Circuit ruling that blocked a New York mortgage escrow interest requirement's application to national banks. Today, the Second Circuit said that law is still preempted and national banks don't have to comply. news.bloomberglaw.com/banking-law/...

Took my kid to a ninja warrior tournament this weekend. It was my first time driving an electric car, and I'm not sure I ever want to go back to a gas-powered one. And I heard many, many kids threw around using AI as an insult. "You use AI!" "I don't." "Oh, that [insert terrible thing] is so AI."

John Sterling was so much fun as a broadcaster that he even made Michael Kay bearable. Did I know what was happening in the game? Not really, unless Suzyn gave an update. But I stopped watching the Yankees because Kay is just insufferable on his own.

Here's a Friday night special from the OCC: An interim final rule blocking all state interchange laws from applying to national banks and an order saying Illinois's ban on interchange for taxes and tips is preempted. news.bloomberglaw.com/banking-law/...

This, from @benjaminpenn.bsky.social and @ccastronuovo.bsky.social is a really good explanation of the mechanics in the Justice Department's criminal complaint against the SPLC, and some choices prosecutors made that a judge may find questionable. news.bloomberglaw.com/us-law-week/...

The CFPB is set to release its final rule gutting fair lending enforcement tomorrow (it's in the Federal Register's Public Inspection file today). The rule eliminates the use of disparate impact and otherwise implements a November proposal. news.bloomberglaw.com/banking-law/...

The Mets may stink something awful, but at least I get taser ads when I listen to the games on the radio.

I got a new work laptop. The control and function keys are in reverse order from my old one. It's surprisingly debilitating.

This story from Maia, Megan Crapeau and @bethawang.bsky.social is really tremendous and I urge folks to read it. Really makes me proud to be in this newsroom.

Oh, so now New Jersey likes congestion pricing.

For all you National Bank Act preemption fans, the OCC's interim final rules meant to block Illinois's interchange fee law and other similar fee restrictions were sent for White House review yesterday.

Last year, Donald Trump and Russell Vought tried to eliminate the CDFI Fund. Republicans pushed back, the agency got funded. It was a whole thing. Except Vought still hasn't signed off on disbursement plans. So the funds are still just sitting there. news.bloomberglaw.com/banking-law/...

We're going to Ireland next week and my younger son has made it his mission to learn how to shout 6-7 in Gaelic. He already does it in English, Spanish, French, and Italian. While I appreciate his enthusiasm for languages, it doesn't get any less annoying.

The Trump administration asked the DC Circuit for permission to fire around half of the CFPB's in a late Tuesday night motion. The court wanted a particularized plan for how Russ Vought intends to meet statutory obligations, and they got one. news.bloomberglaw.com/banking-law/...

NEW: DOJ Inspector General refused to investigate whistleblower Erez Reuveni's misconduct complaint against Emil Bove & other top officials, as watchdog accused of failing to probe political scandals under Trump news.bloomberglaw.com/us-law-week/...

I'm listening to the Mets on the radio (and working! I promise!) and apparently a dead bird fell from the sky right next to Carson Benge in right field?

I just watched a couple of Democratic lawmakers ask Fed, FDIC, OCC, and NCUA officials what those agencies are doing about prediction markets. The officials all found polite ways to say, "That's not us. Talk to the SEC and CFTC." I would like to reclaim my time.