Reposted by @looserudder.bsky.social
Weeks after Russell Vought told Congress that Bilt had fixed its problems without the need of CFPB enforcement, nearly 1,900 Bilt customers received mistaken debt collection notices saying they owed hundreds or even thousands of dollars on their cards.
propublica.org
The Trump Administration’s Plan for Protecting Consumers? Politely Ask Companies to Behave.
Rather than investigate a buzzy fintech startup for throwing users’ accounts into chaos, the Russell Vought-led Consumer Financial Protection Bureau trusted that the company was “back on track.” Custo...
