Jackson may get a chance to take a second look because of the new funding claims the Trump administration put out.

Here's what happened earlier this year: news.bloomberglaw.com/banking-law/...

If you recall, there were big discrepancies between the work the CFPB said it was doing versus what was actually happening the last time this went before a district judge.

“We can’t have edicts issued with people’s fingers crossed behind their backs,” Judge Amy Berman Jackson said at one hearing.

We obviously recorded this before Trump found a nominee to lead the agency fulltime. But I spoke to a bunch of people about this who said "LOL, this person isn't getting a vote" before the CFPB basically said "LOL, this person isn't getting a vote."

So there's that.

“These guys are just burning the whole building down,” Georgetown Law professor Adam Levitin said. “They don’t give a damn about what the consequences are.”

This applies in Pueblo and Littleton. Fort Collins and Aurora. Greeley, Grand Junction, and Durango.

And yes, I just looked up a list of Colorado municipalities because I only remembered three.

Anyway, the DIDMCA opt-out lives (at least in the 10th Circuit). Big win for consumer advocates, big loss (for now) for fintechs. We'll see if this gets to the Supreme Court. Interesting preemption issues here!

This excellent Reuters story mentioned an SEC investigation into financial products advertising at Meta. I didn't see anything about that in the quarterly filing.