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Monday, 17 February 2025

What's next for CFPB?

07:15

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Plus: being a digital nomad has downsides ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Feb 17 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning. This is Betty Lin-Fisher with The Daily Money.

The Trump administration has agreed to pause layoffs and funding cuts at the Consumer Finance Protection Bureau, or CFPB.

But what is the future of the federal agency responsible for cracking down on "junk" fees and answering consumer complaints in the finance industry?

The high-profile federal watchdog agency has been Trump's target for shutdown in the early days of his second presidency.

Usa Cfpb Vought

Supporters of the Consumer Financial Protection Bureau (CFPB) rally after Acting Consumer Financial Protection Bureau (CFPB) Director Russell Vought told all of the agency's staff to stay away from the office and do no work, outside the CFPB in Washington, U.S., February 10, 2025. On Feb. 14, a judge said the Trump Administration agreed on a pause - for now. REUTERS/Craig Hudson

Craig Hudson, REUTERS

Being a digital nomad is not all its cracked up to be

Could there really be a downside to traveling the world and working as a digital nomad?

Actually, yes, reports my colleague, Kathleen Wong. There can be Internet issues, work-life balance challenges and difficulty finding accommodations, among other things, all building up stress.

📰 Consumer stories you shouldn't miss 📰

Could freeing Fannie Mae and Freddie Mac help the housing market?
Here are the best fake car ads and parodies celebrating SNL's 50th anniversary.
What's open and closed on President's Day?
Direct deposit for your IRS refund will be quickest.
Is the hotel in White Lotus Season 3 real?

🍔 Today's Menu 🍔

Krispy Kreme and Hulu have teamed up on a new doughnut collection with flavors inspired by popular movie theater snacks. The collection, available for a limited time starting today, has four new doughnut flavors, including Caramel Popcorn Doughnut and Candy Double Feature Doughnut, which has white icing, topped with milk chocolate candy pieces and mini milk chocolate chips, drizzled with chocolate flavored icing.

About The Daily Money

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.

FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020.

The Trump administration has agreed to pause its campaign of layoffs and funding cuts at the Consumer Financial Protection Bureau.

Flowers has been traveling and working for a decade.
 

Being a digital nomad isn't always fun: Here's what it's really like

Digital nomadism has exploded in recent years among Americans wanting to fuse travel into their daily routine. Here's the often stressful reality.

A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024, in Tysons Corner, VA. Freddie Mac is a federal home loan mortgage corporation chartered by Congress in 1970 to support the U.S. housing finance system by buying loans on the secondary market for mortgages to ensure a steady supply of funds.
 

What freeing Fannie and Freddie could mean for homebuyers, mortgages

Housing observers see an opportunity to fundamentally remake a system to close the gap on serving historically marginalized communities.

Best SNL car skits
 

SNL's 50th anniversary: The best car sketches, parodies and fake ads

As the Saturday-night sketch comedy show turns 50, here's a look back at its automotive classics.

A US Postal Service (USPS) post office is near Los Angeles International Airport (LAX) in Los Angeles, California, on February 5, 2025.
 

What's open and closed on Presidents Day 2025? Here's what to know

Here's what you need to know about what will be open and closed on Monday, Feb. 17, in observance of Presidents Day.

18. Failure to double-check routing and account numbers     While this may seem obvious, it is one of the more common mistakes Americans make when filing their taxes. Banking and routing numbers with errors can make it difficult for the IRS to issue a refund via direct deposit and can delay your refund by months.    ALSO READ: States With the Largest Average Tax Refund
 

Use direct deposit to get your 2024 tax refund, IRS says. Here's why.

Sure, the IRS can mail your refund as a paper check, but direct deposit is faster and safer, the IRS says. Here's how it works.

Sala arrival at Four Seasons Resort Koh Samui.
 

The real-life hotels behind The White Lotus — and what they cost

HBO's The White Lotus is back with a new season set in Thailand, featuring the luxurious Four Seasons Resort Koh Samui.

People hold placards outside the USAID building, after billionaire Elon Musk, who is heading President Donald Trump's drive to shrink the federal government, said work is underway to shut down the U.S. foreign aid agency USAID, in Washington, on Feb. 3, 2025.
 

'Took away my hope.' Federal workers say Trump firings upended their lives

Fired workers worried about making rent and paying student loans. Many talked about going into government work because they value public service.

Krispy Kreme and Hulu have teamed up on a new doughnut collection inspired by popular movie theater snacks.
 

Krispy Kreme, Hulu team up on new doughnut flavors inspired by movie theater snacks

Krispy Kreme and Hulu have teamed up on an all-new doughnut collection inspired by the movie theater snack bar.

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