Trump admin has intensified its assault on the US Consumer Financial Protection Bureau, FT reports

The intensified assault on the Consumer Financial Protection Bureau (CFPB) by the Trump administration highlights growing tensions around regulation that could impact consumer costs.

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Russia-Ukraine-US talks on Ukraine settlement in Geneva were tense, Ria citing sources reports; Geneva talks on Ukraine settlement lasted six hours, and to be continued on Wednesday

The Ukrainian people would reject a peace deal that involves Ukraine unilaterally withdrawing from the eastern Donbas region and turning it over to Russia, Ukrainian President Zelensky told Axios

Trump admin has intensified its assault on the US Consumer Financial Protection Bureau, FT reports

NY Fed RRP op demand at USD 0.4bln (prev. 0.4bln) across 5 counterparties (prev. 3)

Head of the Ukrainian negotiating delegation says conclusion of the first day of trilateral negotiations in Geneva; talks focused on practical issues and the mechanics of possible decisions

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  • The regulatory burden imposed by the agency has led to higher prices and reduced product offerings; it is estimated that this has cost consumers between USD 237-369bln, the report added, citing a report prepared by the CEA.
Context

If the regulatory burden is indeed driving up prices and limiting options for consumers, it has broader implications for economic activity and spending patterns, potentially affecting both equity and currency markets like the USD and GBP.

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