Judge #AmyBermanJackson of the Federal District Court in Washington said she intended to issue an order later on Friday preventing the #CFPB’s workers from being cut off from the agency’s system, as the agency’s leaders had planned. She said she intended to follow up later this month with a more extensive hearing on the planned #layoffs. Until then, they will not move forward, she said.
In court filings ahead of the hearing, Mark Paoletta, the bureau’s chief legal officer, defended the #purge, which he said would “right-size” an agency filled w/ “vast waste.” Paoletta said he & others had determined that it needed only 200 workers. Many legally required units — including those that focus on #FairLending, #StudentLoans & protections for older Americans — need only one! employee, he said.
After the #Trump admin sent termination notices on Thurs to 90% of employees at the #CFPB — some 1,500 people — Judge #AmyBermanJackson of the Federal District Court in Washington ordered a hearing at 11AM today. She is seeking to determine if the terminations violated an injunction she imposed barring agency ofcls from dismantling the bureau so completely that it cannot carry out its legally mandated duties.
https://www.europesays.com/2006163/ Look at the bigger picture for livestock, economy #agriculture #ColoradoStateUniversity #consumers #EconomicAnalysis #Economy #FieldEditor #Inflation #KyleneScott #livestock #LivestockMarketingInformationCenter #TylerCozzens
#gutting all #regulatory bodies that are supposed to be #independent. No #protection for #consumers. Welcome to #unbridled #corruption and #crony #capitalism. This #criminal #administration led by the #felon in the #WhiteHouse will #destroy all that's good. 
#impeach #TraitorMAGA #TraitorGOP #opposeGOP #government #USPolitics
https://www.yahoo.com/news/trump-administration-removes-democratic-members-192851436.html
Financial Times reported China can make American #consumers feel the pain of a #tradewar in variety of different ways heading into the summer months and holidays, noting that US #imports 80% of their #iPhones from #China with other key sectors of US consumer goods reflect a very high percentage of imports from China:
90% of #rareearthminerals in the US come from China
80% of air conditioners
80% of electric fans
75% of #toys
75% of #bicycles
50% antibiotics #pharma #medicine #healthcare #economy
Judge scraps US rule capping #CreditCard late fees at $8
U.S. District Judge Mark Pittman in Fort Worth, #Texas granted a joint request by #Trump’s #CFPB and a coalition of 6 business & banking groups [pretty much who the CFPB is supposed to be protecting #consumers from] including the US Chamber of #Commerce & American #Bankers Association to scrap the rule adopted during President Joe #Biden's administration.
#law #economy #PersonalFinance
https://www.reuters.com/business/finance/judge-scraps-us-rule-capping-credit-card-late-fees-8-2025-04-15/
@philpem @geerlingguy maybe because #consumers in the #UK (if not #Europe and #EU as well) are just not willing to accept that level of #Enshittification and would instantly have it picked up and demand a refund instantly!
Ethical Shopping Guide to Coffee Machines 
(not all brands listed here are European 
but most of them are)
Source: https://www.ethicalconsumer.org/sites/default/files/media-file/2022-04/Ethical_Consumer_Issue_196.pdf
(If you care about ethical consumption, it's worth downloading the full magazine in PDF)
Consumer sentiment plummets, inflation expectations soar amid trade war
https://www.cfodive.com/news/consumer-sentiment-plummets-inflation-expectations-soar-amid-trade-war-Trump-tariffs-GDP-Fed/745194/ #Consumers #Inflation #TradeWar #TrumpTariffs #Recession
"He’s behaving like a predator, wreaking havoc because he can, motivated mainly by ego and impulse that the thin veneer of weak rationale ought not to obscure. …
The biggest lie Trump and Vance told America in 2024 was that they cared about the well-being of ordinary people."
~ Jonathan Weiler
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
/3
https://jonathanweiler.substack.com/p/corruption-cruelty-and-chaos
Noting that the well-regarded University of Michigan consumer-sentiment index released yesterday shows consumer confidence falling for the fourth straight month, dropping 11% from March, Heather Cox Richardson writes,
"This level of consumer sentiment is the second lowest since the index began in 1952."
#Musk #Trump #DOGE #economy #recession #tariffs #StockMarket #consumers #ConsumerConfidence
/1
University of Michigan’s closely watched #ConsumerSentiment index nosedived to 50.8 in April from 57 last month. Sentiment is now at its second-lowest level in history. Expectations for #inflation also hit the highest level in 44 years, according to the survey. Meanwhile, #WallStreet executives warned #tariffs were sending the U.S. #economy into the unknown and that the uncertainty was already hurting #consumers and companies alike. https://data.sca.isr.umich.edu/fetchdoc.php?docid=78393 #insidertrading #economy #finance #maga
"The self-inflicted uncertainty from the #China #tariffs has turned the corporate capital expenditures world upside down, created mass #uncertainty not seen since Covid, created a price shock that will impact the daily lives of US #consumers with no end in sight, & unfortunately ripped the hearts & lungs out of the US #BigTech #SupplyChain in the process with no minimal to no alternatives," Ives wrote.
#Consumers will feel effects of #tariffs soon
Dan Ives, an analyst w/Wedbush Securities financial group, warned in an industry note that the "economic tariff Armageddon unleashed by #Trump" has been hanging over #WallStreet like a dark cloud for weeks, but now, consumers are going to feel it too.
#economy #inflation #recession #trumpcession #idiocracy #kakistocracy
https://www.nbcnews.com/politics/trump-administration/live-blog/trump-tariffs-live-updates-china-raises-retaliatory-levies-125-dollar-rcna200775/rcrd76872?canonicalCard=true
Lifehacker: All the Companies That Have Paused US Sales Due to Tariffs (So Far). “If you, like me, are an American, it’s our country that’s throwing these tariffs at nations around the world. As such, it shouldn’t come as a huge surprise to see companies pause sales and business in the U.S. for the time being. While there aren’t a ton of organizations running with this playbook, there are […]
'During the final week of the month — the same week hundreds of “Tesla Takedown” protests were held across the country — an average of more than 13,000 used Teslas were listed for sale. That’s the most ever on record and up 67% from the same week a year earlier, according to new data provided by Autotrader parent company Cox Automotive.'
https://sherwood.news/tech/consumers-tried-to-unload-a-record-number-of-teslas-in-march/
@kobilacroix OFC #Greedflation will mean that corporations like #Apple will just 1:1 the prices even if the #USD:#EUR goes 2:1.
And yes, I knew a time when people got paid to order for pickup Apple devices in the #USA, fly back with them and properly declare them at customs because even at 2x19% tax + buying new chargers it was cheaper than accepting 60% price gouging.
Also no #retailer will accept sucking up the losses, cuz even if Apple were to make 80% margin on their devices at their stores, they'd be in the red without raising prices...
"The real heart of Trumponomics is still a transfer from domestic #consumers to domestic #producers." https://www.liberalcurrents.com/the-false-promise-of-the-mar-a-lago-accord/
