Evan Weinberger
@reporterev.bsky.social
Banking reporter at Bloomberg Law, the fellas' dad. Reach me at reporterev.85 on Signal. I have friends everywhere.
I'm listening to a lawmaker repeatedly talk about the P-factor at an oversight hearing for prudential financial regulators. And yeah, I know, it's a real technical term.
It's also very, very funny.
(Otherwise, this hearing is zzzzzz)
It's also very, very funny.
(Otherwise, this hearing is zzzzzz)
December 2, 2025 at 4:09 PM
I'm listening to a lawmaker repeatedly talk about the P-factor at an oversight hearing for prudential financial regulators. And yeah, I know, it's a real technical term.
It's also very, very funny.
(Otherwise, this hearing is zzzzzz)
It's also very, very funny.
(Otherwise, this hearing is zzzzzz)
Morning. Took a holiday social media break (extremely refreshing!). So catching up here.
First, looks like CFPB bonuses and dental and vision plans are going away the NTEU negotiated are going away. Happy holidays from Russell Vought!
news.bloomberglaw.com/banking-law/...
First, looks like CFPB bonuses and dental and vision plans are going away the NTEU negotiated are going away. Happy holidays from Russell Vought!
news.bloomberglaw.com/banking-law/...
CFPB Imposing Union Contract Changes as Funding Woes Mount
The Consumer Financial Protection Bureau plans to make unilateral changes to provisions in its collective bargaining agreement with employees that the agency says “illegally infringe” on management ri...
news.bloomberglaw.com
December 1, 2025 at 2:45 PM
Morning. Took a holiday social media break (extremely refreshing!). So catching up here.
First, looks like CFPB bonuses and dental and vision plans are going away the NTEU negotiated are going away. Happy holidays from Russell Vought!
news.bloomberglaw.com/banking-law/...
First, looks like CFPB bonuses and dental and vision plans are going away the NTEU negotiated are going away. Happy holidays from Russell Vought!
news.bloomberglaw.com/banking-law/...
Reupping from last night. Despite saying that the agency was going to run out of money, necessitating the transfer of all active litigation to the Justice Department, the CFPB told enforcement lawyers to restart some investigations.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...
CFPB to Restart Investigations After Transferring Litigation
The Consumer Financial Protection Bureau is set to restart some investigations even as the Trump administration has moved all agency litigation to the Justice Department.
news.bloomberglaw.com
November 26, 2025 at 2:41 PM
Reupping from last night. Despite saying that the agency was going to run out of money, necessitating the transfer of all active litigation to the Justice Department, the CFPB told enforcement lawyers to restart some investigations.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...
So after the CFPB said it can't get more money and will likely have to shut down. And after the CFPB transferred all litigation to Justice Department. And after that "humility pledge" for examiners.
The CFPB is restarting investigations.
news.bloomberglaw.com/banking-law/...
The CFPB is restarting investigations.
news.bloomberglaw.com/banking-law/...
CFPB to Restart Investigations After Transferring Litigation
The Consumer Financial Protection Bureau is set to restart some investigations even as the Trump administration has moved all agency litigation to the Justice Department.
news.bloomberglaw.com
November 26, 2025 at 1:20 AM
So after the CFPB said it can't get more money and will likely have to shut down. And after the CFPB transferred all litigation to Justice Department. And after that "humility pledge" for examiners.
The CFPB is restarting investigations.
news.bloomberglaw.com/banking-law/...
The CFPB is restarting investigations.
news.bloomberglaw.com/banking-law/...
These are magnificent. And whaddya know? The Olympics are right around my birthday.
Czechia unveils jerseys for 2026 Winter Olympic hockey tournament
Czechia unveils jerseys for 2026 Winter Olympic hockey tournament
Czechia are hopeful to win medals in both women’s and men’s tournaments for the first time.
www.dailyfaceoff.com
November 25, 2025 at 5:58 PM
These are magnificent. And whaddya know? The Olympics are right around my birthday.
Somehow, the Youtube algorithm served up old Letterman clips after the FDIC open meeting ended. I regret to inform my editors that I might miss some deadlines.
www.youtube.com/live/JspS8i5...
www.youtube.com/live/JspS8i5...
Rodney Dangerfield's Top Ten Things He Likes To Do | Letterman
YouTube video by Letterman
www.youtube.com
November 25, 2025 at 3:25 PM
Somehow, the Youtube algorithm served up old Letterman clips after the FDIC open meeting ended. I regret to inform my editors that I might miss some deadlines.
www.youtube.com/live/JspS8i5...
www.youtube.com/live/JspS8i5...
Meanwhile, the CFPB told a bankruptcy trustee that it would use its Civil Penalty Fund to compensate people who had money locked up following the failure of Synapse Financial Technologies, a VC-backed fintech middleman.
There may not be enough money to do so. news.bloomberglaw.com/banking-law/...
There may not be enough money to do so. news.bloomberglaw.com/banking-law/...
CFPB Payments to Synapse Victims Clouded by Questions Over Fund
The Trump administration’s moves to dismantle the Consumer Financial Protection Bureau are raising questions about whether the agency can help fintech customers who lost access to their money when ban...
news.bloomberglaw.com
November 21, 2025 at 6:40 PM
Meanwhile, the CFPB told a bankruptcy trustee that it would use its Civil Penalty Fund to compensate people who had money locked up following the failure of Synapse Financial Technologies, a VC-backed fintech middleman.
There may not be enough money to do so. news.bloomberglaw.com/banking-law/...
There may not be enough money to do so. news.bloomberglaw.com/banking-law/...
Happy Thanksgiving from the CFPB!
November 21, 2025 at 6:36 PM
Happy Thanksgiving from the CFPB!
I mean sure, why not.
November 21, 2025 at 2:59 PM
I mean sure, why not.
The CFPB is rushing to get the open banking rule done before it runs out of money (it claims). And it's probably going to cut a bunch of corners to get it done.
Where are all the sticklers for administrative procedure now?
New from me: news.bloomberglaw.com/banking-law/...
Where are all the sticklers for administrative procedure now?
New from me: news.bloomberglaw.com/banking-law/...
CFPB Likely to Take Quicker Route in Revising Open Banking Rule
The Consumer Financial Protection Bureau is rushing to put out a revised open banking rule that would allow lenders to charge fintechs limited fees for customer data access, as it aims to finish the c...
news.bloomberglaw.com
November 20, 2025 at 6:58 PM
The CFPB is rushing to get the open banking rule done before it runs out of money (it claims). And it's probably going to cut a bunch of corners to get it done.
Where are all the sticklers for administrative procedure now?
New from me: news.bloomberglaw.com/banking-law/...
Where are all the sticklers for administrative procedure now?
New from me: news.bloomberglaw.com/banking-law/...
If you want to hear two smart people (Kate Berry and Rob Blackwell) and a goofball (me) talk about all of the stuff going on at the CFPB, take a listen to this.
open.spotify.com/episode/1hjH...
open.spotify.com/episode/1hjH...
Is this the End of the CFPB?
open.spotify.com
November 19, 2025 at 5:44 PM
If you want to hear two smart people (Kate Berry and Rob Blackwell) and a goofball (me) talk about all of the stuff going on at the CFPB, take a listen to this.
open.spotify.com/episode/1hjH...
open.spotify.com/episode/1hjH...
Took the boys to see "The Running Man" yesterday afternoon. It was a lot more fun than I expected. And I was super glad to see a kid younger than my nearly 12-year old in the theater.
November 17, 2025 at 3:08 PM
Took the boys to see "The Running Man" yesterday afternoon. It was a lot more fun than I expected. And I was super glad to see a kid younger than my nearly 12-year old in the theater.
The final accounting on FDIC job cuts is around 1,330 people, including buyouts and not filling vacancies. That's around 100 more than the agency was looking for.
The Biden administration had budgeted for around 6,500 full-time FDIC employees in 2025.
news.bloomberglaw.com/banking-law/...
The Biden administration had budgeted for around 6,500 full-time FDIC employees in 2025.
news.bloomberglaw.com/banking-law/...
FDIC Under Trump Will Shrink Workforce by More Than 1,300 Jobs
A key federal banking regulator will have 1,330 fewer employees through buyouts, other departures, and electing not to fill vacancies, people familiar with the matter said.
news.bloomberglaw.com
November 14, 2025 at 8:51 PM
The final accounting on FDIC job cuts is around 1,330 people, including buyouts and not filling vacancies. That's around 100 more than the agency was looking for.
The Biden administration had budgeted for around 6,500 full-time FDIC employees in 2025.
news.bloomberglaw.com/banking-law/...
The Biden administration had budgeted for around 6,500 full-time FDIC employees in 2025.
news.bloomberglaw.com/banking-law/...
Earlier in the week, the CFPB said it could run out of money because it can only get money when the Fed is profitable (a position even Texas AG Ken Paxton! disagrees with).
If that theory holds, everything the CFPB is doing now is probably illegal, too. news.bloomberglaw.com/banking-law/...
If that theory holds, everything the CFPB is doing now is probably illegal, too. news.bloomberglaw.com/banking-law/...
CFPB Funding Question Threatens to Upend New Deregulatory Agenda
The Consumer Financial Protection Bureau’s argument that it’s running out of money and can’t request additional funding brings more chaos for banks, financial technology firms, and other companies ove...
news.bloomberglaw.com
November 14, 2025 at 3:13 PM
Earlier in the week, the CFPB said it could run out of money because it can only get money when the Fed is profitable (a position even Texas AG Ken Paxton! disagrees with).
If that theory holds, everything the CFPB is doing now is probably illegal, too. news.bloomberglaw.com/banking-law/...
If that theory holds, everything the CFPB is doing now is probably illegal, too. news.bloomberglaw.com/banking-law/...
This is too much Vassar even for me.
First look at ‘THE DEVIL WEARS PRADA 2’
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are all reprising their roles.
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are all reprising their roles.
November 12, 2025 at 6:18 PM
This is too much Vassar even for me.
Don't sleep on just how broad this fair lending rule rewrite the Trump administration is proposing (out of the CFPB, which doesn't have money, apparently): news.bloomberglaw.com/banking-law/...
Trump’s CFPB Proposes Gutting Fair Lending Enforcement Standards
The Consumer Financial Protection Bureau is proposing to weaken fair lending laws by eliminating efforts to combat unintentional bias and tightening standards for going after lenders that discourage c...
news.bloomberglaw.com
November 12, 2025 at 4:49 PM
Don't sleep on just how broad this fair lending rule rewrite the Trump administration is proposing (out of the CFPB, which doesn't have money, apparently): news.bloomberglaw.com/banking-law/...
Despite its funding being still illegal (at least according to the White House), the CFPB is set to release a proposed a rewrite of the Equal Credit Opportunity Act: public-inspection.federalregister.gov/2025-19864.pdf
public-inspection.federalregister.gov
November 12, 2025 at 2:24 PM
Despite its funding being still illegal (at least according to the White House), the CFPB is set to release a proposed a rewrite of the Equal Credit Opportunity Act: public-inspection.federalregister.gov/2025-19864.pdf
This is all very confusing to write. This ruling only applies to state-chartered banks, not federally chartered ones regulated by the OCC and protected by federal preemption.
Thanks, @jonathanjoshua.com.
Anyway, here's an update including a dissent. news.bloomberglaw.com/banking-law/...
Thanks, @jonathanjoshua.com.
Anyway, here's an update including a dissent. news.bloomberglaw.com/banking-law/...
November 10, 2025 at 11:17 PM
This is all very confusing to write. This ruling only applies to state-chartered banks, not federally chartered ones regulated by the OCC and protected by federal preemption.
Thanks, @jonathanjoshua.com.
Anyway, here's an update including a dissent. news.bloomberglaw.com/banking-law/...
Thanks, @jonathanjoshua.com.
Anyway, here's an update including a dissent. news.bloomberglaw.com/banking-law/...
A federal appeals court says Colorado can block banks chartered in other states from issuing loans that violate Colorado interest rate caps to borrowers in Denver, Boulder, Colorado Springs, etc.
Sorry, that's all the Colorado municipalities I can remember.
news.bloomberglaw.com/banking-law/...
Sorry, that's all the Colorado municipalities I can remember.
news.bloomberglaw.com/banking-law/...
Colorado Beats Fintechs on Law Targeting ‘Rent-a-Bank’ Schemes
Colorado won its bid to restore a law barring out-of-state banks from issuing loans that violate the state’s interest rate caps.
news.bloomberglaw.com
November 10, 2025 at 10:53 PM
A federal appeals court says Colorado can block banks chartered in other states from issuing loans that violate Colorado interest rate caps to borrowers in Denver, Boulder, Colorado Springs, etc.
Sorry, that's all the Colorado municipalities I can remember.
news.bloomberglaw.com/banking-law/...
Sorry, that's all the Colorado municipalities I can remember.
news.bloomberglaw.com/banking-law/...
Over the weekend I saw that there were still Kalshi live odds posted for the NYC mayor's election despite it being mercifully finished last week. Andrew Cuomo still had a 1% chance!
Normally I find those ads extremely annoying, but I hope some jamoke made a bet (er, bought a futures contract)
Normally I find those ads extremely annoying, but I hope some jamoke made a bet (er, bought a futures contract)
November 10, 2025 at 7:50 PM
Over the weekend I saw that there were still Kalshi live odds posted for the NYC mayor's election despite it being mercifully finished last week. Andrew Cuomo still had a 1% chance!
Normally I find those ads extremely annoying, but I hope some jamoke made a bet (er, bought a futures contract)
Normally I find those ads extremely annoying, but I hope some jamoke made a bet (er, bought a futures contract)
Not for nothing, but Meta announced that the CFPB dropped an investigation into financial products advertising just last week! news.bloomberglaw.com/banking-law/...
November 6, 2025 at 3:48 PM
Not for nothing, but Meta announced that the CFPB dropped an investigation into financial products advertising just last week! news.bloomberglaw.com/banking-law/...
I've grown to hate the phrase "use cases." Just say uses, people.
November 5, 2025 at 7:34 PM
I've grown to hate the phrase "use cases." Just say uses, people.
Not the biggest Meta story today, but the CFPB dropped an investigation into third-party financial services offerings on Facebook and Instagram.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...
Meta Escapes CFPB Probe Into Financial Services Advertising
Facebook and Instagram parent Meta Platforms Inc. said it is no longer facing potential penalties from the Consumer Financial Protection Bureau over advertising for financial services on its platforms...
news.bloomberglaw.com
October 30, 2025 at 4:12 PM
Not the biggest Meta story today, but the CFPB dropped an investigation into third-party financial services offerings on Facebook and Instagram.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...
Never miss your shot.
October 23, 2025 at 7:10 PM
Never miss your shot.
Folks, I waded into the nearly 14,000 comments on the CFPB's open banking proposal (more like broad questions and ideas) so you don't have to. JPMorgan's data access fees were at center stage.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...
JPMorgan Data Fees Take Center Stage in Open Banking Battle
Fees announced by JPMorgan Chase & Co. to access its customers’ data, and its deal with data aggregator Plaid Inc., emerged as key flash points for banks and fintechs weighing in on the Consumer Finan...
news.bloomberglaw.com
October 23, 2025 at 1:42 PM
Folks, I waded into the nearly 14,000 comments on the CFPB's open banking proposal (more like broad questions and ideas) so you don't have to. JPMorgan's data access fees were at center stage.
news.bloomberglaw.com/banking-law/...
news.bloomberglaw.com/banking-law/...