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Joe Valenti

@jvalenti

Consumer finance policy, long runs, civic education, and more. Views all my own.

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Latest posts by Joe Valenti @jvalenti

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Consumer Protection Workers Survived DOGE Attacks through Quick Mobilization Federal workers and unions have proven to be a bulwark defending the rule of law and vital public services during President Trump’s second term. Our union at the Consumer Financial Protection Bureau…

If everything had gone according to plan, Russ Vought would have fired every CFPB worker within his first week. Fortunately for the rule of law and every American cheated by the financial sector, very little went according to plan because of union power. ✊️

27.02.2026 21:24 👍 27 🔁 15 💬 1 📌 0
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Reese’s grandson accuses Hershey of degrading chocolate, making it ‘not edible.’ Is he right? H.B. Reese spent two years at Hershey before leaving to form his own company and inventing Reese's Peanut Butter Cups in 1928. His grandson says Reese's is ruining that legacy by cutting corners.

Truly the hero we need.

H.B. Reese is waging a one-man war on Hershey’s for ruining his grandfather’s legacy (and his Peanut Butter Eggs) 🍫

share.inquirer.com/xYjxA3

20.02.2026 19:25 👍 1424 🔁 265 💬 52 📌 43
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Exclusive: White House uses USAID funds for budget director Vought's security, documents show The White House budget office is using millions of dollars from the former U.S. foreign aid agency to pay for the security detail of Russell Vought, President Donald Trump's budget chief and an archit...

I was checking around the CFPB a few weeks ago to see if the agency was still funding Vought's security. The folks I spoke with said it appeared that was no longer the case.

And there you go.

www.reuters.com/world/us/whi...

13.02.2026 14:36 👍 11 🔁 7 💬 1 📌 0
A crowded audience in the Vermont House Chamber in Montpelier

A crowded audience in the Vermont House Chamber in Montpelier

A full House chamber for the Vermont Symphony Orchestra at Farmers’ Night in Montpelier!

12.02.2026 00:18 👍 1 🔁 0 💬 1 📌 0
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Consumer guardrail facing cuts waits on court decision An appeals court will decide if further cuts can be made to the CFPB, a key agency tasked with protecting consumers

"Losing America’s Wall Street watchdog – and in particular the ability for consumers to file a complaint when things go wrong – would be catastrophic." Agreed!

27.01.2026 00:21 👍 12 🔁 4 💬 0 📌 0

This is a story that needs to keep being told…

And not just because I was fired twice, and reinstated twice by a federal judge, before taking a state-level position.

The CFPB was the best of America standing up to protect regular people.

24.01.2026 22:34 👍 1 🔁 0 💬 0 📌 0
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Russ Vought Tries to Bankrupt the CFPB - The American Prospect A legal office in the White House, at the behest of Office of Management and Budget director and Project 2025 architect Russ Vought, has decided to redefine the word “earnings” in order to bankrupt the largely dormant Consumer Financial Protection Bureau.

By redefining the word “earnings,” and ignoring the Supreme Court, Russ Vought gave himself the power to shutter the CFPB—just as consumer debt delinquencies reach record highs. From @ddayen.bsky.social: trib.al/DRppSXl

12.11.2025 19:30 👍 29 🔁 18 💬 2 📌 3

Everyone has enough money to order a private taxi for their burrito according to a report released by a company that arranges burrito taxis.

12.11.2025 02:12 👍 0 🔁 1 💬 0 📌 0

New post: CFPB Funding Sophistry from the Office of Legal Counsel https://creditslips.org/2025/11/10/cfpb-funding-sophistry-from-the-office-of-legal-counsel/

11.11.2025 04:19 👍 3 🔁 2 💬 0 📌 1

IRS officially saying Direct File is dead. This was clear from back in April when they told engineers to stop working on the project (and the leaders of that team have since left government). Here is what I wrote then.
donmoynihan.substack.com/p/the-death-...

04.11.2025 23:17 👍 308 🔁 123 💬 10 📌 6

Funny how this (Hatch Act violation) nonsense is “essential,” but back in February, Consumer Financial Protection Bureau employees were locked out of the office and told to “perform no work task.”

18.10.2025 21:01 👍 2 🔁 0 💬 0 📌 0
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Vermonters from Bennington to Derby Line and from Brattleboro to Swanton are shocked by the news of skyrocketing health care premiums.

18.10.2025 20:43 👍 8 🔁 1 💬 0 📌 0
Congresswoman Maxine Waters Slams Trump’s Attempt to Illegally Fire CDFI Fund Staff “Donald Trump and his Budget Director Russell Vought are using the government shutdown, caused by Trump’s refusal to talk to Democrats, as a cover to advance the radical Project 2025 agenda and undermine hard-working American families and the programs they rely on. Their unprecedented and unconstitutional attempt to fire all the CDFI Fund staff at the Treasury Department will effectively shutter the program by leaving no one to carry out its statutory mission and deploy previously appropriated funds. The CDFI Fund is a Congressionally mandated program that the President has no power to eliminate. Additionally, Congress has already provided hundreds of millions of dollars for the Fund to deliver through credit unions, community banks, and loan funds to underserved communities across the country. Without this much-needed program, people in rural and urban communities alike will lose access to the capital and other essential resources that only CDFIs provide. For more than 30 years, the CDFI Fund has been a bipartisan success under both Republican and Democratic Administrations by providing grants, technical assistance, and other support to community lenders. In fact, I secured a historic investment of $3 billion for the Fund in 2020, working with my Republican counterparts. Today’s actions threaten to unravel this progress. This reckless move also flies in the face of what leaders of Trump’s own Administration have acknowledged about the importance of CDFIs. Back in March, Treasury Secretary Scott Bessent stated that CDFIs are key to the President’s commitment to supporting ‘job growth, wealth creation, and prosperity.’ Today’s action is a profound betrayal of the bipartisan efforts that have helped to strengthen the Fund, and of the thousands of communities who will be directly harmed by this reckless attempt to shutter the agency. Committee Democrats will fight this destructive move every step of the way, and we urge our Republican colleagues to put their communities first, and join us in defending this vital, bipartisan program.”

This is not how you grow the economy and reach places hard-hit by poverty and unemployment.

And no longer having any personnel as a declaration of policy takes the old adage that “personnel is policy” to the extreme.

Rep. Waters’ statement: democrats-financialservices.house.gov/news/documen...

11.10.2025 13:20 👍 3 🔁 0 💬 0 📌 0

Thinking of former Treasury CDFI Fund colleagues after the administration’s attempt to eliminate the entire staff last night.

The Fund was my first federal job, supporting business and housing in distressed areas from Appalachia to the Bronx to Native American communities and everywhere inbetween.

11.10.2025 13:18 👍 1 🔁 0 💬 1 📌 0
Autumn leaves and a railroad bridge crossing the Winooski River in Duxbury, VT

Autumn leaves and a railroad bridge crossing the Winooski River in Duxbury, VT

Horse and farmhouse in Duxbury, VT

Horse and farmhouse in Duxbury, VT

Country road passing through autumn leaves in Duxbury, VT

Country road passing through autumn leaves in Duxbury, VT

The drought is real, but still a beautiful day for the Leaf Peepers Half Marathon in Waterbury and Duxbury, Vermont!

And, still a flatlander in need of more hill workouts…

05.10.2025 18:16 👍 2 🔁 0 💬 0 📌 0
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Georgia’s Medicaid Work Requirement Program Spent Twice as Much on Administrative Costs as on Health Care, GAO Says Republican lawmakers cite Georgia’s Pathways to Coverage as a national model for federal Medicaid work requirements that are set to take effect in 2027. A new report shows the program has spent at lea...

As of April the Georgia Medicaid work-requirement program had spent $54.2 million on administrative costs since 2021, compared to $26.1 million spent on health care costs, GAO says. Nearly 90% of administrative expenditures came from the federal budget. www.propublica.org/article/geor...

28.09.2025 16:36 👍 19 🔁 11 💬 1 📌 1

First time for me @highergroundmusic.bsky.social tonight!

@stevehofstetter.bsky.social and friends gave a fantastic comedy show…. A strong reminder to tip your bartenders, recognize the ridiculousness all around us, and find joy where you can.

06.09.2025 03:22 👍 2 🔁 0 💬 0 📌 0

Shout out to all those people — mostly on the other site— who assured me that Trump would leave the Fed alone even as he destroyed the CFPB.

26.08.2025 00:22 👍 10 🔁 1 💬 0 📌 0

I remember when Columbia proudly called itself the first independent university in America, cutting all ties to church and state after the Revolutionary War.

As an alum, it’s beyond embarrassing to see it sacrifice a legacy for a small temporary gain. Have to imagine Hamilton and Jay would agree.

24.07.2025 13:24 👍 2 🔁 0 💬 0 📌 0
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Russ Vought bills CFPB $5M for his security detail The expense comes as CFPB's budget is slashed nearly in half.

Is this government efficiency? 🤡🥴🆘

23.07.2025 20:44 👍 14 🔁 6 💬 1 📌 0
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Russ Vought bills CFPB $5M for his security detail The expense comes as CFPB's budget is slashed nearly in half.

Russ Vought is simultaneously stopping CFPB from protecting American consumers from scams, while also charging it $5 million for his security team
www.govexec.com/management/2...

23.07.2025 18:31 👍 210 🔁 92 💬 13 📌 3
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Winooski Superintendent Detained, Questioned by Border Officials Superintendent Wilmer Chavarria, a U.S. citizen, was questioned for hours at a Houston airport as he returned from a visit to Nicaragua with his husband.

"They falsely stated that I, a U.S. citizen, have no Constitutional rights at a point of entry, and officers became increasingly agitated as I continued to assert my rights regardless."

23.07.2025 10:47 👍 1150 🔁 519 💬 8 📌 85
Happy Birthday CFPB! CFPB began operations on July 21, 2011. We're celebrating the bureau's achievements this week.

Happy Birthday CFPB! CFPB began operations on July 21, 2011. We're celebrating the bureau's achievements this week.

CFPB Union NTEU 335 is celebrating union wins this week, in honor of CFPB’s 14th birthday!

CFPB Union NTEU 335 is celebrating union wins this week, in honor of CFPB’s 14th birthday!

Today we celebrate the CFPB's 14th birthday! 🎉

That's 1️⃣ 4️⃣ years of service to the public and 💲21B returned to everyday Americans - all brought to you by CFPB workers who CONTINUE the fight to #saveCFPB and #SaveOurServices.

21.07.2025 14:06 👍 25 🔁 11 💬 0 📌 0

Robert Duvall and I got coffee at the same bakery in Virginia.

19.07.2025 01:53 👍 0 🔁 0 💬 0 📌 0
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Federal Reserve Governor Michael Barr: Booms, busts, and financial regulation YouTube video by Brookings Institution

ICYMI: Here's video of Fed Gov Michael Barr drawing from history to caution his colleagues about loosening financial regulation too much -- and my interview with him after his remarks. Hutchins Center @brookings.edu www.youtube.com/live/ockfgPe...

17.07.2025 10:48 👍 8 🔁 3 💬 0 📌 0
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Consumer Financial Protection Bureau dismisses $95M overdraft case vs. Navy Federal Credit Union The Consumer Financial Protection Bureau, led by President Trump’s administration, has dropped a case against Navy Federal Credit Union.

This does nothing to help our Veterans, servicemembers, and their families.

apnews.com/article/navy...

15.07.2025 23:45 👍 66 🔁 16 💬 2 📌 0

Almost all of us are the descendants of immigrants who fled persecution, or were brought to America under duress, or sought better lives for themselves and their descendants.

Politicians who stoke fear and hatred over immigration want you to forget this.

Do not.

14.07.2025 15:35 👍 19980 🔁 5772 💬 602 📌 234
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Opinion | Rep. Maxine Waters: My colleagues are making a mistake on crypto This week, the House will consider several crypto bills, including the so-called CLARITY Act and the GENIUS Act.

Rep. Maxine Waters: “I’m sounding the alarm about the risks of pending crypto legislation, which will open the floodgates to massive fraud and financial ruin for millions of American families.” www.msnbc.com/opinion/msnb...

15.07.2025 00:28 👍 296 🔁 95 💬 11 📌 12

"The issue of government has always been whether individual men and women will have to serve some system of government and economics, or whether a system of government and economics exists to serve individual men and women." 

—FDR, 1932

13.07.2025 23:01 👍 7785 🔁 2054 💬 122 📌 65

cc: Every single university president

10.07.2025 23:58 👍 237 🔁 57 💬 2 📌 1