Trump Attempts to Fire Fed Governor Lisa Cook, Lawsuit Pending
Trump Attempts to Fire Fed Governor Lisa Cook, Lawsuit Pending Last week, President Donald Trump tried to fire Federal Reserve Governor Lisa Cook under the pretense of mortgage fraud allegations. Trump said the move was “effective immediately,” however, Cook’s lawyer...
CFPB Seeking Comments on Open Banking
CFPB Seeking Comments on Open Banking The Consumer Financial Protection Bureau (CFPB) is issuing an Advanced Notice of Proposed Rulemaking seeking comments on its 2024 open banking rule. The comment period will last for 60 days, offering an opportunity for banks,...
Executive Order Targets Debanking
Executive Order Targets Debanking Earlier this month, President Trump signed an executive order directing federal regulators to investigate and punish banks that illegally discriminate against conservatives with fines and other penalties, continuing his...
Divided Federal Appeals Court Gives Go Ahead for Mass CFPB Firings
Divided Federal Appeals Court Gives Go Ahead for Mass CFPB Firings Last week, a divided federal appeals court paved the way for President Trump to resume the mass firings at the Consumer Financial Protection Bureau (CFPB), ruling that the lower court that temporarily... 