#financial-regulation

#financial-regulation

The CFPB faces significant legal challenges due to actions taken by the Trump administration aimed at dismantling the agency.

Rohit Chopra was fired as CFPB director, a role he held since 2021 under President Biden.

The Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.

The Trump administration's dismantling efforts threaten crucial financial oversight, particularly regarding cryptocurrency in government housing programs without proper regulation.

A federal crypto reserve proposed by Trump may exacerbate market manipulation and volatility inherent in cryptocurrencies.

The incoming Trump administration may significantly influence U.S. cryptocurrency policy with key appointments and a shift towards more favorable regulations.

Tether's (USDT) operational issues could trigger a major downturn in the crypto market.

The FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.

Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.

The FCA's technology-driven transformation program has been criticized for its ineffectiveness and failure to resolve longstanding organizational issues.

FCA signs £12.3 million deal with Cognizant for Workday enhancements.

Cognizant will support FCA with HR and finance system upgrades.

Rohit Chopra was removed as CFPB Director after being praised for returning over $6 billion to consumers and holding powerful companies accountable.

Uncertainty surrounds the Trump administration’s intentions for the CFPB; strategies may involve shock tactics and potential reforms rather than outright destruction.

McKernan's nomination signals a return to conservative governance at the CFPB amidst recent agency upheaval.

Micro-trends on social media combined with buy-now-pay-later services can trap users in a debt cycle.

Impulse buying driven by influencers leads to financial instability for many.

Revolut introduces a repayment plan with a lower interest rate for users, consolidating purchases into flexible instalment plans.