Tag: Financial

Trump Is Right: Rogue Consumer Financial Protection Bureau Must Go

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Almost immediately after the Senate named Russ Vought Office of Management and Budget director, President Donald Trump also named him the acting director of the Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau is a rogue agency with a long history of overreach and corruption. The agency has seen rampant internal racism and anti-woman bias, according to the General Accountability Office, the investigative arm of Congress. The Consumer Financial Protection Bureau hurts consumers by slapping unnecessary fines and regulations on lenders, making it harder for them to lend and…

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Spanberger demands VA clean up its act when awarding financial incentives

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The Department of Veterans Affairs paid out $ 11 million in bonuses to career executives not eligible to receive them. Now a bipartisan group of lawmakers is seeking answers. House lawmakers are asking VA how long it will take to claw back those bonuses and what steps it will take to hold department leaders accountable. The lawmakers also want to know what steps VA will take to ensure future financial incentives are awarded responsibly. (Spanberger demands answers, accountability from VA over nearly $ 11 million misspent on executive bonuses –…

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Senator calls out USPS leadership as first-class financial failures

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Senate Democrats are telling the Postal Service to rethink its 10-year reform plan. Sen. Tammy Baldwin (D-Wis.) and six of her colleagues are concerned about USPS mail volume, which has plummeted to a 40-year low. The senators are also skeptical about plans to grow the package business, which is not bringing in enough money to make up the difference. They warn that higher mail prices are also driving away more USPS customers and that the agency is falling short of its break-even goal. The senators are calling on members of…

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Data brokers selling veterans’ sensitive health, financial data online, study shows

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A historic year of hiring at the Department of Veterans Affairs has lead to a record year for veteran care and benefits. The VA is staffing up its health care and benefits workforce to levels never seen before in the department’s history. It provided more than 116 million health care appointments to veterans and their survivors in fiscal 2023. That is three million more appointments than its previous record. VA also processed nearly two million benefits claims, a nearly 16% increase from the year prior. VA Secretary Denis McDonough said…

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