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Hugh Son

@serhughoftheglen.bsky.social
886 followers 71 following 13 posts

Human journalist

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Hugh Son @serhughoftheglen.bsky.social · 07/04/2025
Will they listen to Wall Street and ppl like Jamie Dimon and pause incoming tariffs ? That'll determine what happens next.
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Hugh Son @serhughoftheglen.bsky.social · 28/03/2025
Elon Musk's "CFPB RIP" post may have been premature 👇 www.cnbc.com/2025/03/28/j...
cnbc.com
Judge orders CFPB to reinstate fired employees, preserve records and get back to work
Judge Amy Berman Jackson sided with the CFPB employee union that sued acting CFPB director Russell Vought last month.
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Reposted by Hugh Son
Justin Powell @justinpowellweb.bsky.social · 10/03/2025
Here's why #banks don’t want the #CFPB to disappear | @CNBC.com by @serhughoftheglen.bsky.social buff.ly/y6iNxNs #politics #banking #saving #investing #consumers
buff.ly
Here's why banks don’t want the CFPB to disappear
The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.
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Reposted by Hugh Son
Leslie Picker @lesliepicker.bsky.social · 07/03/2025
Bank Stocks Week-to-Date: Citigroup: -12.8% Morgan Stanley: -11.1% BofA: -10.2% Goldman Sachs: -9.5% Wells Fargo: -9.4% JPMorgan: -7.8%
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Hugh Son @serhughoftheglen.bsky.social · 28/02/2025
CFPB insiders say the plan from Vought & Musk is to reduce the agency to "Five Men and a Phone" buried somewhere in a DC office. For more, read this 👇 www.cnbc.com/2025/02/28/c...
cnbc.com
Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.
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Reposted by Hugh Son
Devon Heinen @devonheinen.bsky.social · 28/02/2025
JUST IN (#CFPB) via @CNBC.com's @serhughoftheglen.bsky.social: "The Consumer Financial Protection Bureau’s #Trump -appointed leadership plans to fire nearly all its 1,700 employees while 'winding down' the agency, acc'd to testimony from employees." www.cnbc.com/2025/02/28/c...
cnbc.com
Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.
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Hugh Son @serhughoftheglen.bsky.social · 12/02/2025
"This is an unlawfully-executed mass firing," said Johanna Hickman, a senior CFPB litigation counsel who said she received the agency's dismissal notice.... The CFPB sent termination notices to several dozen employees late Tuesday... www.cnbc.com/2025/02/12/c...
cnbc.com
CFPB’s new leadership begins staff purge with dozens of employees terminated
The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.
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Hugh Son @serhughoftheglen.bsky.social · 10/02/2025
CFPB update: On Monday morning, Vought reiterated the message in an agency-wide email to staff, saying that employees needed clearance from chief legal officer Mark Paoletta to "perform any work task." www.cnbc.com/2025/02/09/c...
cnbc.com
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo.
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Hugh Son @serhughoftheglen.bsky.social · 09/02/2025
CFPB staff were already bracing for the worst after the news of the last 3 days. Now they're being told their HQ is shuttered... which feels, to many at regulator, like the prelude to mass layoffs. www.cnbc.com/2025/02/09/c...
cnbc.com
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.
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Hugh Son @serhughoftheglen.bsky.social · 28/01/2025
news on that other site ... This comes as Trump admin beats up on financial incumbents for "de-banking" and Elon's banks finally unload the Twitter-X debt. cnbc.com/2025/01/28/e...
cnbc.com
Elon Musk’s X begins its push into financial services with Visa deal
Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like Zelle or Venmo.
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Hugh Son @serhughoftheglen.bsky.social · 13/01/2025
good morning! always great to greet the day with Frank Holland & the WEX crew to preview bank earnings...
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Hugh Son @serhughoftheglen.bsky.social · 10/12/2024
Life imitates art imitating life ..
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Hugh Son @serhughoftheglen.bsky.social · 10/12/2024
I really enjoyed chatting w/@felixsalmon.com about the Synapse mess , take a listen & share please. The fact that thousands of Americans have been wiped out from their FDIC-backed savings accounts is a scandal. slate.com/podcasts/sla...
slate.com
Money Talks: The Synapse Scandal
Hugh Son joins to explain the complicated mess left in the wake of a fintech failure, and how users were left holding the bag.
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Hugh Son @serhughoftheglen.bsky.social · 05/12/2024
Always nice to see your work confirmed; back in Sept, we reported that American Airlines was set to make Citi its sole card partner, dropping Barclays @lesliejosephs.bsky.social ✈️ www.cnbc.com/2024/12/05/a...
cnbc.com
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines had been in talks for months for a new credit card deal with Citi.
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Hugh Son @serhughoftheglen.bsky.social · 03/12/2024
I'm gonna hit the sack early tonight to join Frank Holland early tomorrow to chat about this piece. It's about how a reg meant to save Americans $10 billion a year in "junk fees" has ended up costing them money instead 👇 www.cnbc.com/2024/12/03/b...
cnbc.com
Banks hit credit card users with higher rates in response to regulation that may never arrive
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.
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Hugh Son @serhughoftheglen.bsky.social · 03/12/2024
finally figured out how to get on this thing, yippee 👋
media.tenor.com
a cat is sitting on a chair and looking at the camera while holding something in its paws .
ALT: a cat is sitting on a chair and looking at the camera while holding something in its paws .
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