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Acting CFPB director huddles with congressional Republicans on agency’s futureActing CFPB director huddles with congressional Republicans on agency’s future

Acting Consumer Financial Protection Bureau Director Russ Vought huddled with House Financial Services Committee Republicans Friday morning, four lawmakers told Semafor. The lawmakers said they discussed opportunities to rein in that agency without shuttering it, including establishing greater congressional oversight. A federal judge recently ruled the CFPB must continue to ...

Social media’s ‘Big Tobacco’ moment will bring more unexpected changesSocial media’s ‘Big Tobacco’ moment will bring more unexpected changes

Reed’s view Social media had its “Big Tobacco” moment this week, when a Los Angeles jury found Meta and Google liable for harming a teenage girl with addictive features. The verdict was a big deal, showing how plaintiffs’ attorneys can sidestep Section 230, which shields platforms from liability for what ...