ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Deadly wildfires have devastated Los Angeles neighborhoods, destroying homes and forcing thousands to evacuate. |
As the fires continue to threaten the region, Felecia Wellington Radel reports, Americans looking for ways to help those affected could be prey for cyber criminals trying to take advantage of the crisis. |
Meta cancels DEI programs ahead of inauguration |
Facebook and Instagram owner Meta has canceled its diversity, equity and inclusion programs, the latest in a series of political maneuvers from CEO Mark Zuckerberg to align his social media company with President-elect Donald Trump's administration and the MAGA anti-"woke" movement. |
Could Trump dump the CFPB? |
In 2017, then-President Donald Trump appointed White House Budget Director Mick Mulvaney to run the Consumer Financial Protection Bureau. As a Republican member of Congress, Mulvaney had previously called the CFPB "a joke… in a sick, sad kind of way." |
So it was a bit like déjà vu when Elon Musk, Trump's new presidential adviser, tweeted in early November, "Delete CFPB. There are too many duplicative regulatory agencies." The CFPB is also named in the Heritage Foundation's policy document Project 2025, which calls it "a highly politicized, damaging, and utterly unaccountable federal agency." |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Here's what to look for and how to help those impacted by the wildfires in Southern California while avoiding scams. | | | | Meta is canceling its diversity programs and its civil rights VP has resigned. Amazon.com also said it would roll back some DEI initiatives. | | | | The Consumer Financial Protection Bureau has been a political punching bag for years, but on the eve of a new Trump administration, it might survive. | | | | Claiming benefits early to maximize income ahead of trust fund insolvency would almost certainly backfire. | | | | REI CEO Eric Artz said the outdoor gear retailer would end its Experiences unit, which offered adventure classes and trips, and lay off 428 workers. | | | | Here's what the average 401(k) balance looks like for those closest to retirement age, plus one simple way to save more. | | | | I write a nationally syndicated column about travel, and I don't just parachute into these places. I live there. | | | | The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to write new ones. | | | | Employers added 256,000 jobs in December despite uncertainty over President-elect Donald Trump's policies. Unemployment dipped to 4.1% | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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