Seth Frotman
@sethfrotman
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Now: Sr. Fellow @UCBConsumerLaw & @TowardsJustice. Then: @CFPB X 2, @theSBPC, @PatrickMurphyPA. Forever trying to teach my kids the @UMich fight song.
Joined May 2018
Maybe the destruction of the consumer finance regulator isn’t actually that great for a competitive marketplace.
JPMorgan Chase has told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers’ bank account information – a move that threatens to upend the industry’s business models
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RT @PunchbowlNews: A pair of Biden-era officials from the Consumer Financial Protection Bureau accused the Trump administration of moving t….
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RT @jmargetta: Congress is advancing a bill that will make healthcare, education, groceries, and utilities more expensive, and the Trump Ad….
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RT @allisonmpreiss: For months, Trump's CFPB has insisted it is focusing its efforts on protecting servicemembers & veterans. @AP: "Navy Fe….
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The precedent has now been set that funds from the Federal Reserve system are fair game in reconciliation, including for large expansions to our consumer protection agencies.
News: The Senate parliamentarian approved the Senate Banking Committee's reconciliation package tonight, opening the door to a nearly 50% cut in the operating budget of the Consumer Financial Protection Bureau. Statements from Chair Tim Scott and RM Elizabeth Warren:
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RT @dohamekki: I testified in the Senate this week about antitrust + deregulation. I urged Congress, @JusticeATR, and @FTC to focus on the….
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RT @Jeremy_Kress: Trump has purported to bring "independent" regulatory agencies under White House control. Dems should resist the urge to….
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RT @saalevine: In a world of AI-fueled fraud and financial traps, states need every tool to protect consumers. @sethfrotman and I join @Tis….
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It's clear how the Trump Administration plans to handle what remains of modern administrative law while advancing its agenda. The plan is to break it. What's ours? . w/ Brad Lipton about where we go from here .
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RT @BrandeisianB: And finally, at @TheRegReview, @sethfrotman and Brad Lipton aim to assuage our fears about the recent mass withdrawal of….
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RT @TheRegReview: A federal consumer protection agency's withdrawal of numerous guidance documents will have little legal effect, @sethfrot….
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RT @jmargetta: The Abundance Institute's wholesale embrace of industry pleas for lax regulation seems incredibly naive. You know who else a….
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RT @propublica: New: Records show that Chris Young is simultaneously working as a political adviser to Musk while serving in the Department….
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RT @NCLC4consumers: “The law is still the law,” said Diane Thompson, deputy director and chief advocacy officer at NCLC. “Companies must co….
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RT @daveyseligman: I'm David Seligman. I’m running for CO Attorney General. This campaign is about reclaiming our power from the billiona….
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This is just performative art for billionaires & big banks. Illegal overdrafts aren't now legal because a document happens to be on this list. Or illegal nursing home debt collection. Or illegal worker surveillance. People are struggling & deserve better than this nonsense.
The #CFPB announced a sweeping decision to rescind virtually all of its prior policy guidance. This move threatens the integrity of consumer oversight, erodes transparency, and signals a dangerous capitulation to industry influence. Read our statement:
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RT @propublica: New: Before he helped fire most Consumer Financial Protection Bureau staffers, DOGE's Gavin Kliger was warned about his inv….
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RT @jmargetta: Big news from @TCFdotorg: @AngelaHanks is joining The Century Foundation as our Chief of Policy Programs. We are so lucky to….
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Just this week @FinancialCmte Republicans voted to defund the Consumer Financial Protection Bureau - the agency that protects your family from this.
Zelle reported an outage Friday with the money transferring network, impacting many bank customers trying to make payments.
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