Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
toad.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
Mastodon server operated by David Troy, a tech pioneer and investigative journalist addressing threats to democracy. Thoughtful participation and discussion welcome.

Administered by:

Server stats:

275
active users

toad.social: AboutProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.8

#cfbp

0 posts0 participants0 posts today
Miguel Afonso Caetano<p>No conflict of interest at all... - Of course NOT!!! </p><p>"One of Elon Musk’s employees is earning between $100,001 and $1 million annually as a political adviser to his billionaire boss while simultaneously helping to dismantle the federal agency that regulates two of Musk’s biggest companies, according to court records and a financial disclosure report obtained by ProPublica.</p><p>Ethics experts said Christopher Young’s dual role — working for a Musk company as well as the Department of Government Efficiency — likely violates federal conflict-of-interest regulations. Musk has publicly called for the elimination of the agency, the Consumer Financial Protection Bureau, arguing that it is “duplicative.’’</p><p>Government ethics rules bar employees from doing anything that “would cause a reasonable person to question their impartiality” and are designed to prevent even the appearance of using public office for private gain.</p><p>Court records show Young, who works for a Musk company called Europa 100 LLC, was involved in the Trump administration’s efforts to unwind the consumer agency’s operations and fire most of its staff in early February.</p><p>Young’s arrangement raises questions of where his loyalty lies, experts said. The dynamic is especially concerning, they said, given that the CFPB — which regulates companies that provide financial services — has jurisdiction over Musk’s electric car company, Tesla, which makes auto loans, and his social media site, X, which announced in January that it was partnering with Visa on mobile payments."</p><p><a href="https://www.propublica.org/article/doge-elon-musk-chris-young-cfpb-tesla-x" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">propublica.org/article/doge-el</span><span class="invisible">on-musk-chris-young-cfpb-tesla-x</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/CFBP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CFBP</span></a> <a href="https://tldr.nettime.org/tags/Musk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Musk</span></a> <a href="https://tldr.nettime.org/tags/ConflictOfInterest" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ConflictOfInterest</span></a> <a href="https://tldr.nettime.org/tags/Kleptocracy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Kleptocracy</span></a> <a href="https://tldr.nettime.org/tags/Oligopolies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligopolies</span></a> <a href="https://tldr.nettime.org/tags/BigTech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BigTech</span></a></p>
Miguel Afonso Caetano<p>"Today, the CFPB announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms. The agency is requesting comment on implementing existing financial privacy law and how to address intrusive data collection and personalized pricing. Additionally, the CFPB requested comment on a proposed interpretive rule outlining how the Electronic Fund Transfer Act, which provides consumers with protections against errors and fraud, applies to new types of digital payment mechanisms, such as those currently offered through large technology companies and video gaming platforms, as well as stablecoins and other digital currencies that are not widely used today in consumer transactions.</p><p>“When people pay for their family expenses using new forms of digital payments, they must be confident that their transactions are not tainted by harmful surveillance or errors,” said CFPB Director Rohit Chopra. “The CFPB is seeking public input on how to apply longstanding consumer and privacy protections to new and emerging payment mechanisms.”"</p><p><a href="https://www.consumerfinance.gov/about-us/newsroom/cfpb-seeks-input-on-digital-payment-privacy-and-consumer-protections/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">consumerfinance.gov/about-us/n</span><span class="invisible">ewsroom/cfpb-seeks-input-on-digital-payment-privacy-and-consumer-protections/</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/CFBP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CFBP</span></a> <a href="https://tldr.nettime.org/tags/DigitalPayments" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DigitalPayments</span></a> <a href="https://tldr.nettime.org/tags/Privacy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Privacy</span></a> <a href="https://tldr.nettime.org/tags/FinTech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FinTech</span></a></p>
ExploreLive feeds
About