11 Feb, 2025
1 min read

Trump’s consumer watchdog freezes CFPB activity on first day of job

Feb 3 (Reuters) – U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump’s new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau, including investigations, rule making, litigation, and public communications, according to an email seen by Reuters. The Day One decision […]

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Wildfires in Los Angeles

At least 27 people have died in multiple wildfires around Los Angeles. The Palisades Fire has destroyed thousands of buildings and burned through more than 23,700 acres, and the Eaton Fire consumed more than 14,000 acres — though crews were gaining ground on both after more than a week of fighting the flames. Track their […]

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Trump tariffs could raise medication costs and exacerbate shortages, drug trade groups warn

President Donald Trump’s tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten generic drugmakers, according to some drug trade groups. The tariffs, announced on Saturday, include a 25% charge on goods from Canada and Mexico and a 10% charge on imports from China. […]

1 min read

Trump’s consumer watchdog freezes CFPB activity on first day of job

On February 3, 2025, U.S. Treasury Secretary Scott Bessent, who took over as President Donald Trump’s new acting consumer finance watchdog, halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau (CFPB). This includes investigations, rule making, litigation, and public communications. The decision was communicated via an email to all CFPB staff and […]