Cory Doctorow on Nostr: The CFPB is supposed to adjust that threshold for inflation, but without a CFPB, that ...

The CFPB is supposed to adjust that threshold for inflation, but without a CFPB, that threshold will be frozen in amber like the federal minimum wage, bringing every-larger constellations of financial activity within scope for AG enforcement in any or every state in the Union. Also: none of this can be changed without a 60-vote Senate majority. Nice one, Elon:

https://www.creditslips.org/creditslips/2025/02/shutting-down-cfpb-is-not-like-shutting-down-usaid.html

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