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#consumer

21 posts20 participants0 posts today
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Public
Nonilex

#Consumer sentiment worsens as #inflation fears grow, University of Michigan survey shows

It was the 3rd consecutive decrease & stretched across party lines & income groups, survey dir Joanne Hsu said.

…In addition to worries about the current state of affairs, the survey's index of consumer expectations tumbled to 52.6, down 17.8% from 1 month ago & 32% for the same period in 2024.

#Trump #economy #tariffs #jobs #insecurity #trumpcession #recession
cnbc.com/2025/03/28/consumer-s

CNBCConsumer sentiment worsens as inflation fears grow, University of Michigan survey showsThe closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.
Public
Nonilex

I thought they were trying to save money 🤔

Under #Trump, the #Consumer #FinancialProtection Bureau #CFPB has dropped nearly a dozen enforcement cases brought during the #Biden admin, ending lawsuits against #banks & #lenders for a variety of financial practices that the #watchdog agency no longer considers #illegal.

But on Wed, the bureau went a step further: It is seeking to GIVE BACK $105k that a #mortgage lender paid to settle #racial #discrimination claims….

#law
nytimes.com/2025/03/26/busines

Russell Vought, the acting director of the Consumer Financial Protection Bureau, criticized the case against Townstone Financial, which the agency had brought during President Trump’s first term.
The New York Times · Consumer Bureau Seeks to Undo Settlement and Repay Mortgage LenderBy Stacy Cowley
Public
ProPublica

Fend for Yourself: Under Trump, Consumer Protection Bureau’s Probes of Big Tech and Finance Firms Freeze Up
—

Companies may avoid consequences for alleged wrongdoing as the Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Homes and pauses investigations into Meta and others — including providers of medical credit cards.

propublica.org/article/trump-c

ProPublicaFend for Yourself: Under Trump, Consumer Protection Bureau’s Probes of Big Tech and Finance Firms Freeze Up
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#News#Consumer#Business
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