Philadelphia Collins & Sons
@mustard-tiger.bsky.social
Reposted by Philadelphia Collins & Sons
The Consumer Financial Protection Bureau is turning to a tool typically used for emergencies to finish rules ahead of a self-imposed funding cliff.
CFPB Turns to Emergency Rulemaking as Funding Questions Loom
The Consumer Financial Protection Bureau is turning to a tool typically used for emergencies to finish rules ahead of a self-imposed funding cliff.
bit.ly
January 1, 2026 at 9:00 AM
The Consumer Financial Protection Bureau is turning to a tool typically used for emergencies to finish rules ahead of a self-imposed funding cliff.
Reposted by Philadelphia Collins & Sons
Court orders Vought to keep CFPB funded while case is underway www.politico.com/news/2025/12...
Court orders Vought to keep CFPB funded while case is underway
The order from a DC District Court judge also casts doubt on the Trump administration's efforts to shutter the Consumer Financial Protection Bureau.
www.politico.com
December 30, 2025 at 9:19 PM
Court orders Vought to keep CFPB funded while case is underway www.politico.com/news/2025/12...
Reposted by Philadelphia Collins & Sons
The Consumer Financial Protection Bureau is required to seek funds from the Federal Reserve to perform statutory functions, a judge said in an order Tuesday clarifying an injunction that prevents the Trump administration from shuttering the agency while litigation proceeds.
Trump Admin Must Seek CFPB Funds From Fed, Judge Rules (2)
The Consumer Financial Protection Bureau is required to seek funds from the Federal Reserve to perform statutory functions, a judge said in an order Tuesday clarifying an injunction that prevents the Trump administration from shuttering the agency while litigation proceeds.
bit.ly
December 30, 2025 at 8:40 PM
The Consumer Financial Protection Bureau is required to seek funds from the Federal Reserve to perform statutory functions, a judge said in an order Tuesday clarifying an injunction that prevents the Trump administration from shuttering the agency while litigation proceeds.
Reposted by Philadelphia Collins & Sons
Opinion and order: storage.courtlistener.com/recap/gov.us...
December 30, 2025 at 8:11 PM
Opinion and order: storage.courtlistener.com/recap/gov.us...
Reposted by Philadelphia Collins & Sons
BREAKING: Judge Amy Berman Jackson rejects OLC and Russell Vought's effort "to starve the CFPB of funding."
Her order clarifies that the preliminary injunction she earlier entered in the case over Vought's efforts to "dismantle" the agency does not allow the new funding interpretation.
Her order clarifies that the preliminary injunction she earlier entered in the case over Vought's efforts to "dismantle" the agency does not allow the new funding interpretation.
![Based on this reasoning, defendant Vought, the Acting Director of the CFPB, informed
President Trump and Congress on November 20, 2025:
I have determined that sums available to the Bureau under [the Dodd-Frank Act] will not be sufficient to carry out the authorities of the Bureau under Federal consumer financial law for Fiscal Year 2026. I make this determination based on the conclusion of the Office of Legal Counsel
(OLC) within the Department of Justice that there are no funds legally available for the Bureau to request from the Federal Reserve System[.]
Ex. A to Defs.' Notice [Dkt. # 147-1] at 2, 4.
And based on the same reasoning, Vought and the CFPB simply announced to the Court and the plaintiffs that the Bureau's funding is about to "lapse." Notice at 1. What was left unsaid was that claiming that funds are unavailable is tantamount to closing what is left of the Bureau, bringing any performance of statutory functions and any remaining ongoing compliance with the](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:36eqtmzysqf7wsslczw4uxcd/bafkreidjs54tkya3btu4fkv7rroiwzsiyfhn3egoct6ybgxsy5jzmeo7fi@jpeg)
![terms of the preliminary injunction to a halt, even though the case has not yet been resolved on the
merits.
This prompted the November 23 filing of the motion now pending before the Court:
plaintiffs' motion to clarify the preliminary injunction [Dkt. # 148] ("Pls.' Mot.); Pls.' Mem. in
Supp. of Pls.' Mot. [Dkt. #148-1] ("Pls.' Mem."). Plaintiffs seek "clarification that the defendants may not justify a violation of the preliminary injunction by refusing to request" funding from the Federal Reserve, as, they maintain, the Dodd-Frank Act requires. Pls.' Mot. at 1. The motion is fully briefed. See Defs.' Resp. to Pls.' Motion [Dkt. #160] ("Defs.' Opp."); Pls.' Reply [Dkt. # 163]; Br. of Amici Curiae Former Fed. Rsrv. Offs, in Supp. of Pls.' Mot. [Dkt. # 162]
("Amicus Br.").
For the reasons set forth in more detail below, the Court will GRANT the motion to clarify.
The defendants' interpretation of the Dodd-Frank Act is contrary to the text and intent of the statute and the way it has been consistently interpreted by both the Federal Reserve and the CFPB; acting in accordance with the OLC's flawed reasoning would contravene the plain terms and implicit requirements of this Court's Order as it has been revised by the Court of Appeals; and making that
finding does not require any modification of the preliminary injunction.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:36eqtmzysqf7wsslczw4uxcd/bafkreibtne5jajk5p7mjqjvkgllvhtcmg4aaieq72pumzn6ejvgibcszwi@jpeg)
December 30, 2025 at 8:10 PM
BREAKING: Judge Amy Berman Jackson rejects OLC and Russell Vought's effort "to starve the CFPB of funding."
Her order clarifies that the preliminary injunction she earlier entered in the case over Vought's efforts to "dismantle" the agency does not allow the new funding interpretation.
Her order clarifies that the preliminary injunction she earlier entered in the case over Vought's efforts to "dismantle" the agency does not allow the new funding interpretation.
Reposted by Philadelphia Collins & Sons
The order is the latest in a complex legal battle over the fate of the Consumer Financial Protection Bureau, a watchdog agency. n.pr/49xuTWq
Judge orders Trump administration to continue to seek funding for the CFPB
The order is the latest in a complex legal battle over the fate of the Consumer Financial Protection Bureau, a watchdog agency.
n.pr
December 30, 2025 at 8:16 PM
The order is the latest in a complex legal battle over the fate of the Consumer Financial Protection Bureau, a watchdog agency. n.pr/49xuTWq
Reposted by Philadelphia Collins & Sons
A federal judge said that the Trump administration must keep funds flowing to the US Consumer Financial Protection Bureau, rebuffing its latest gambit to shut down the regulatory agency that has long been a target of conservatives.
Judge rebuffs Trump administration’s latest attempt to shut down consumer protection watchdog | CNN Politics
A federal judge said Tuesday that the Trump administration must keep funds flowing to the US Consumer Financial Protection Bureau, rebuffing its latest gambit to shut down the regulatory agency that h...
www.cnn.com
December 30, 2025 at 7:00 PM
A federal judge said that the Trump administration must keep funds flowing to the US Consumer Financial Protection Bureau, rebuffing its latest gambit to shut down the regulatory agency that has long been a target of conservatives.
Reposted by Philadelphia Collins & Sons
A former top banker predicts that an unreformed pay system and the gutting of regulation will accelerate the next financial crisis
It’s fire season for finance, writes Ken Miller
A former top banker predicts that an unreformed pay system and the gutting of regulation will accelerate the next financial crisis
econ.st
December 30, 2025 at 6:31 PM
A former top banker predicts that an unreformed pay system and the gutting of regulation will accelerate the next financial crisis
Reposted by Philadelphia Collins & Sons
In a win for the Consumer Financial Protection Bureau, a federal judge blocked the White House's attempt to defund the agency
Judge Stops Trump's Agency Exterminator From Kneecapping The CFPB
At the heart of this case was whether White House budget director Russell Vought could effectively shut down the agency and lay off all of its employees.
www.huffpost.com
December 30, 2025 at 5:22 PM
In a win for the Consumer Financial Protection Bureau, a federal judge blocked the White House's attempt to defund the agency
Reposted by Philadelphia Collins & Sons
Wrote up today's ruling effectively telling Russ Vought that if he stops seeking funding for the CFPB while under an injunction to keep the agency open, he'll be in contempt.
prospect.org/2025/12/30/j...
prospect.org/2025/12/30/j...
Judge Warns Vought of Contempt Order If He Back-Door Shuts Down CFPB - The American Prospect
Overview: Vought has claimed that the Federal Reserve has no "combined earnings" this year, therefore it cannot give CFPB money. Judge Amy Berman Jackson shot that down. In an order issued today, a fe...
prospect.org
December 30, 2025 at 5:59 PM
Wrote up today's ruling effectively telling Russ Vought that if he stops seeking funding for the CFPB while under an injunction to keep the agency open, he'll be in contempt.
prospect.org/2025/12/30/j...
prospect.org/2025/12/30/j...
Reposted by Philadelphia Collins & Sons
New York is beefing up its consumer financial protection laws while the Trump administration dismantles the Consumer Financial Protection Bureau at the federal level.
Hochul Signs NY Consumer Protection Law as Trump’s CFPB Recedes
New York is beefing up its consumer financial protection laws while the Trump administration dismantles the Consumer Financial Protection Bureau at the federal level.
bit.ly
December 26, 2025 at 1:00 AM
New York is beefing up its consumer financial protection laws while the Trump administration dismantles the Consumer Financial Protection Bureau at the federal level.
Reposted by Philadelphia Collins & Sons
Speed running the messy interconnections of the 2008 financial crisis but with ABS and SPVs held up by graphics cards instead of houses. 🥶
Absolutely excellent piece by @tabbykinder.bsky.social giving a broad view of the stakes of the Wall Street debt behind the AI hype www.ft.com/content/0ae9...
Absolutely excellent piece by @tabbykinder.bsky.social giving a broad view of the stakes of the Wall Street debt behind the AI hype www.ft.com/content/0ae9...
Tech groups shift $120bn of AI data centre debt off balance sheets
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust
www.ft.com
December 24, 2025 at 12:32 PM
Speed running the messy interconnections of the 2008 financial crisis but with ABS and SPVs held up by graphics cards instead of houses. 🥶
Absolutely excellent piece by @tabbykinder.bsky.social giving a broad view of the stakes of the Wall Street debt behind the AI hype www.ft.com/content/0ae9...
Absolutely excellent piece by @tabbykinder.bsky.social giving a broad view of the stakes of the Wall Street debt behind the AI hype www.ft.com/content/0ae9...
Reposted by Philadelphia Collins & Sons
Need a last-minute gift? Go pick up a Mogwai.
December 24, 2025 at 5:28 AM
Need a last-minute gift? Go pick up a Mogwai.
Reposted by Philadelphia Collins & Sons
This is the first time I’ve ever heard Rogan or Weiss speak. They are both dumb as shit wow
December 23, 2025 at 1:19 AM
This is the first time I’ve ever heard Rogan or Weiss speak. They are both dumb as shit wow
Reposted by Philadelphia Collins & Sons
CATO INSTITUTE:
Despite DOGE slashing jobs, government spending in every month of 2025 “was greater than in every other year .. An observer who did not know when DOGE started could not identify it” on a chart. 🤡
www.cato.org/blog/doge-pr...
Despite DOGE slashing jobs, government spending in every month of 2025 “was greater than in every other year .. An observer who did not know when DOGE started could not identify it” on a chart. 🤡
www.cato.org/blog/doge-pr...
December 20, 2025 at 1:28 PM
CATO INSTITUTE:
Despite DOGE slashing jobs, government spending in every month of 2025 “was greater than in every other year .. An observer who did not know when DOGE started could not identify it” on a chart. 🤡
www.cato.org/blog/doge-pr...
Despite DOGE slashing jobs, government spending in every month of 2025 “was greater than in every other year .. An observer who did not know when DOGE started could not identify it” on a chart. 🤡
www.cato.org/blog/doge-pr...
Reposted by Philadelphia Collins & Sons
I found another incredible Tubi gem. Now watching.
December 12, 2025 at 10:50 PM
I found another incredible Tubi gem. Now watching.
Reposted by Philadelphia Collins & Sons
This is huge, right? They just Trump-proofed the Fed.
@federalreserve.gov announces reappointment of Federal Reserve Bank presidents and first vice presidents after a comprehensive review by the boards of directors of each Reserve Bank, along with unanimous support by Federal Reserve Board members: www.federalreserve.gov/newsevents/p...
Federal Reserve Board announces reappointment of Reserve Bank presidents and first vice presidents
Following a comprehensive review by the boards of directors of the regional Reserve Banks, and the unanimous concurrence of Federal Reserve Board members, the
www.federalreserve.gov
December 12, 2025 at 1:50 AM
This is huge, right? They just Trump-proofed the Fed.
Reposted by Philadelphia Collins & Sons
Folks! We did it! The Onion has 60,000 subscribers!
We're that much closer to reaching our goal of beating The Washington Post's print circulation by the end of next year. (They were last reported at 97k, but it's probably lower now.)
Thank you all. Democracy died in darkness but we're still here.
We're that much closer to reaching our goal of beating The Washington Post's print circulation by the end of next year. (They were last reported at 97k, but it's probably lower now.)
Thank you all. Democracy died in darkness but we're still here.
December 11, 2025 at 11:04 PM
Folks! We did it! The Onion has 60,000 subscribers!
We're that much closer to reaching our goal of beating The Washington Post's print circulation by the end of next year. (They were last reported at 97k, but it's probably lower now.)
Thank you all. Democracy died in darkness but we're still here.
We're that much closer to reaching our goal of beating The Washington Post's print circulation by the end of next year. (They were last reported at 97k, but it's probably lower now.)
Thank you all. Democracy died in darkness but we're still here.
Reposted by Philadelphia Collins & Sons
More trouble for Russell Vought as thoughtful and experienced people explain how silly his latest games are. Remember this is the man who spent $5 mil. in CFPB funds on his personal bodyguards. #stopvought #savecfpb
Nonprofits working on consumer financial protection issues and former Federal Reserve officials challenged the Trump administration’s assertion that the Consumer Financial Protection Bureau can’t get more money because the central bank isn’t “profitable.”
Trump Officials Face More Pushback on CFPB Funding Argument
Nonprofits working on consumer financial protection issues and former Federal Reserve officials challenged the Trump administration’s assertion that the Consumer Financial Protection Bureau can’t get more money because the central bank isn’t “profitable.”
bit.ly
December 9, 2025 at 3:20 PM
More trouble for Russell Vought as thoughtful and experienced people explain how silly his latest games are. Remember this is the man who spent $5 mil. in CFPB funds on his personal bodyguards. #stopvought #savecfpb
Reposted by Philadelphia Collins & Sons
The White House’s insistence on using Sabrina Carpenter’s work and image to promote their crimes against humanity is also them appealing to their base, which already uses technology to try and humiliate and puppeteer the likenesses of women who have autonomy, success, and visibility in public
December 6, 2025 at 4:37 AM
The White House’s insistence on using Sabrina Carpenter’s work and image to promote their crimes against humanity is also them appealing to their base, which already uses technology to try and humiliate and puppeteer the likenesses of women who have autonomy, success, and visibility in public
Reposted by Philadelphia Collins & Sons
It might be funny coming from a person who does interviews for a living, but these tech guys need to sit down (in this case actually) and shut up. The more they talk, the more we see and what we see is unearned aggrievement and deep insecurity that manifests as exhausting arrogance.
December 5, 2025 at 1:18 PM
It might be funny coming from a person who does interviews for a living, but these tech guys need to sit down (in this case actually) and shut up. The more they talk, the more we see and what we see is unearned aggrievement and deep insecurity that manifests as exhausting arrogance.
Reposted by Philadelphia Collins & Sons
Reposted by Philadelphia Collins & Sons
The Trump administration has fired, or tried to fire, many of the federal staff who manage and enforce federal disability law in schools. n.pr/48udkF5
50 years after the birth of special education, some fear for its future under Trump
The Trump administration has fired, or tried to fire, many of the federal staff who manage and enforce federal disability law in schools.
n.pr
December 3, 2025 at 10:16 AM
The Trump administration has fired, or tried to fire, many of the federal staff who manage and enforce federal disability law in schools. n.pr/48udkF5
Reposted by Philadelphia Collins & Sons
these movies are reactionary trash but i do like them a lot and i might buy this box set
The Death Wish Collection | Kino Lorber - Experience Cinema
Superstar Charles Bronson ignites the screen as the tough-as-nails urban avenger Paul Kersey in this explosive 5-film saga of violence and vengeance:
kinolorber.com
November 28, 2025 at 10:03 PM
these movies are reactionary trash but i do like them a lot and i might buy this box set