What’s at Stake: A three-judge panel already ruled in August that the Trump administration can fire up to 1,500 employees of the CFPB. Forward Look: Allowing the Trump administration to dismantle the agency would represent “a blatant disregard for Congress’s constitutional role,” Democrats claim. Expert Quote: “Only Congress has the power to shutter the CFPB,” […]
Democrats urge full D.C. Circuit to hear CFPB court case Read More »
Key insight: Bank regulators typically offer supervisory relief for banks so they can offer credit during temporary hardships like shutdowns and natural disasters. What’s at stake: Thousands of government workers and contractors could go without paychecks depending on how long the shutdown lasts. Forward look: It’s not clear if the White House will try to
Exclusive: Waters presses bank regulators on shutdown relief Read More »
Despite rumors earlier this year that the Federal Trade Commission (FTC) was investigating Zillow and Redfin over their $100 million rental syndication deal, the announcement that the FTC was suing the two companies still carried an element of surprise. “This shows that the Federal government is still looking hard at the realty space,” Chuck Cain,
Why the FTC is targeting Zillow and Redfin’s rental deal Read More »
What’s at stake: Mortgages requiring federal flood insurance will be more difficult to close during the shutdown, among other impacts. Expert quote: For “financial services broadly, banks in particular, there are going to be disruptions.” — Brian Gardner, Stifel Financial Corp. Forward look: Extended shutdowns threaten federal worker pay and U.S. creditworthiness, potentially triggering
What banks need to know about this government shutdown Read More »
Key Insight: The Supreme Court postponed a decision on whether to strike down an injunction that allowed Federal Reserve Governor Lisa Cook to remain on the board while her lawsuit against the administration moves forward, allowing her to stay at the Fed at least until oral arguments are held in early 2026. Expert Quote: “The
Supreme Court to hear Fed Gov. Cook case in 2026 Read More »
The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing
Trump administration plans deep cuts to homeless housing program Read More »
The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing
Trump administration plans deep cuts to homeless housing program Read More »
Al Drago/Bloomberg Key Insight: Federal Reserve Vice Chair Philip Jefferson said immigration and tariff policies have clouded his economic outlook and placed pressure on the central bank’s dual mandate. However, because tariffs have had a smaller-than-expected impact on inflation, he said he expects disinflation to resume after this year. Expert Quote: “I view the uncertainty
Fed’s Jefferson: Uncertainty around economy ‘especially high’ Read More »
What’s at Stake: The union’s counsel warns that the appellate panel’s ruling permits the unilateral elimination of federal agencies. Expert Quote: “It enables agencies to avoid judicial scrutiny of virtually any decision.” — Jennifer Bennett, National Treasury Employees Union. Supporting Data: The Trump administration wants the CFPB’s headcount cut to 200, down from 1,750 in
CFPB’s union appeals agency’s ‘dismantling’ to D.C. Circuit Read More »
Key Insight: All eyes are on the Slaughter v. Trump case, which will be heard by the Supreme Court at the end of the year. How that case plays out could decide whether Federal Reserve Governor Lisa Cook can remain at the central bank. Expert Quote: “If they overturn Humphrey’s Executor and do so in
Experts say Supreme Court could combine independence cases Read More »