- No Notice 40% Jump in Delta SkyMiles Business Class Award Prices to Europe from Mexico – #KeepDescending by Eye Of The Flyer.
- Delta to adjust harsh SkyMiles policy changes for elite frequent fliers by The Atlanta Journal-Constitution.
- SAS to leave Star for SkyTeam after picking Air France-KLM and Castlelake as investors by Flight Global.
- Supreme Court case may gut the CFPB: Consumer watchdog’s ‘future is on the line,’ group says by CNBC.
Deals starting/expiring at the end of today or starting today (view the full deal calendar here):
Deals starting/expiring at end of tomorrow:
- [Targeted] Capital One: Spend $20+ On Google Pay, Get $15 Back
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I can say the CFPB was huge help for me several times in getting something resolved quickly. If that goes away it will be harder for sure to deal with any major issues. I dod not use it alot but several times over past years and it has been very effective. They were varuied dispues from banks not honoring a bonus I was entitled to, a big battle with Chase many yrs ago etc. All successful claims, and all were 100% valid as well.
The CFPB case is going to be very interesting because it doesn’t just call the CFPB into question, it calls a slew of other government services into question with regards to their funding:
To quote Yahoo finance:
“The agency isn’t subject to annual appropriations, the budget process whereby Congress allocates funding to various parts of the federal government.
Instead, the CFPB’s funding isn’t authorized by Congress each year. It has an independent funding structure sourced through the Federal Reserve — an attempt to shield the agency from political pressures, experts said. Its director requests those funds each year, capped at 12% of the Federal Reserve System’s total operating expenses.”
And most importantly:
“Numerous other government agencies and programs are funded outside the annual appropriations process, said Rachel Gittleman, financial services outreach manager at the Consumer Federation of America.
They include, among others: the Federal Reserve, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Federal Housing Finance Agency, National Credit Union Administration, Farm Credit Administration, Farm Credit Insurance Corp., Medicare, Medicaid, Social Security, the Affordable Care Act and unemployment benefits, she said.”
In other words, this isn’t just a fight over the CFPB, this a fight over how the federal government appropriates the budget. Several government agencies require “mandatory” budget allocations that do not need to be authorized by congress annually, of which the CFPB is included. But several other government services such as the ones listed above are also considered “mandatory” spending.
Knowing how the Supreme court rules, this will either end up being a giant nothing-burger where both sides don’t get what they want, or this will be a huge deal and bring several (good and bad) government services under scrutiny.
Lol, your final statement just about covers all of the possible outcomes: small changes to status quo, or huge changes to status quo. So in other words, things change or they barely change at all. That’s not some kind of radical insight.
Why so hateful? 99.9% of things in this world have no impact on anything. This might be huge, but it’s not guaranteed to be. That’s meaningful, and he put time and effort into his post.
Thank you, Yukun, for your radical insight.
1 comment wonder Yukun
Fuck man.. the CFPB is one of the few good things consumers have going for us.. can’t the average American just get a break?
cfpb is a bit of a toothless tiger they need more power to issue fines
Sometimes that’s all you need to scare some other animals in behaving right.
I’m sure a lot of us have gone thru the cfpb. I just did – to get a $500 bonus from BoA for their business checking account. Without that, you don’t even want to guess the number of times I would be transferred to find the correct department that can even look into this sort of issue.
They definitely were not a totthless tiger for me. I think I had 5 major issues they helped me since inception. I play by the rules. I had a resolution on each one as the cases got faster attention than me going through all the channels and getting the runaround which is typical.
Of course not. The wealthy don’t want any oversight at all so they can squeeze average Americans for every penny.
The CFPB may have helped consumers to favorable outcomes, but the scorn should lie with the legislature for passing what many legal experts on the left and right agree is an unconstitutional structure.
I wish Congress would figure out a solution that didn’t involve one side ramming through legislation that creates an unanswerable bureaucracy.
To the inevitable warriors in the comment section, just because you like the outcome of a law, doesn’t make it Constitutional or good.
Anybody can has his/her own interpretation of the constitution. I’d like an interpretation by judges who do not receive “gifts” from billionaires.
Agreed. If we don’t want the executive branch to unilaterally and immediately change/remove something, it should be codified in law
The CFPB *is* codified in law! In fact, it was codified into law that the executive branch cannot immediately change/remove its directors! Then… the Supreme Court decided that provision was unconstitutional.
TIL. Thanks for the context
The CFPB *is* codified in law! In fact, it was codified into law that the executive branch cannot immediately change/remove its directors! Then… the Supreme Court decided that provision was unconstitutional.
Correct, because you can’t have unconsitutional laws creating unaccountable bureaucrats placed under the executive branch that can’t actually be controlled by the executive branch.
I’m unsure why many agree the structure is unconstitutional—the Fed is but one example of an independent agency that for over a century hasn’t relied on annual appropriations to function, or been directly overseen by a branch—in fact as in oral argument, I’m certain that many is really a minority opinion
I’m also unsure makes others’ disagreement with your comment into warriors either. We live in a modern era with quasi judicial and quasi legislative agencies. When they don’t function constitutionally they are fixed by legislation. That includes severing the wrongful parts at the legislature’s leisure, which is how the CFPB was enabled.
Can you imagine the CIA, an independent agency with self-funded parts like In-Q-Tel, being found illegal and all activities rendered unconstitutional because one component or its director was found seven decades later in violation of the constitution by its enabling act? That’s simply not how a modern country can work. Why should the CFPB be treated differently because it’s a political football for a decade and a half?
The funny part here is that given all of the time *actual* Elizabeth Warren spends attacking Jay Powell over Wells Fargo (which happened before he was Fed Chair), I doubt she actually thinks an insulated Fed is always a good thing.
“the Fed is but one example of an independent agency that for over a century hasn’t relied on annual appropriations to function, or been directly overseen by a branch”
Correct, the Fed is unconstitutional.
They could… if they voted accordingly. In other words, good luck.
From something I read online it seems you can no longer use the same Amex offer on multiple cards. I am still able to add the offer to more than one card, but from what I read you only get credit once. Can anyone confirm this?
most of us have not been able to do that for years. if you can add it on several try it on several, i think should work. but no guarantees the rat doesn’t come for you.
I’m an expert on that subject if you wanna get insane cash back on the best offers we get you have to first get the good cards that have the best offers (like the platinum and Gold cards, and recently I’ve been getting insane offfers on my Marriott cards like %10 back on cell phone bill payments upto $30-40 off as well as %10 off insurance bill upto $20 and even internet %10 back so those are the best cards to do this trick on then you need to add authorized users to the cards and make a new Amex sign in acct with each person. All the cards under the persons name can be on the same login but if you get a chance try adding separate logins for each of the authorized users cards you may get even more amazing offers. Then to streamline the process so you don’t have to sign into 9 different accts you will want to sign up for max rewards or the other app that activates all the offers for you automatically so you can just go to that app look up with offers are out there and his card it’s on and Wala you’ll be saving the big bucks. Just one example the inKind deals we had earlier this year. I had $1000 in free, inKind restaurant dinning. And at the end of last year we had the Lowe’s deal on business cards save 20% up to $50 off I loaded up on $1750 of Amazon gift cards at 20% off, all because of how I run my set up. Obviously, you have to have close friends or family that allow you to use their Social Security number and name so that’s the big caveat, it’s not like Chase where I can add My dogs name and nobody even knows. Just so you realize you do not give the authorized user their cards. You keep the cards and the benefits of the Amex Offers, which in my book or one of the most valuable things on these cards. Anyway I’ve never heard of anybody else doing what I do but it works very well for me. I probably shouldn’t of said anything.
Holy typographical Batman that’s impossible to parse.
There must be some new drug out on the street I’m not aware of. Reading J’s comment was a trip!
I just ran it through ChatGPT, here’s the output
Select the Right Cards: First, choose credit cards that have the best offers. For example, I’ve had great results with the Platinum, Gold, and Marriott cards. Recently, I’ve received amazing offers on my Marriott cards such as:
10% cash back on cell phone bills (up to $30-40 off)
10% off insurance bills (up to $20)
10% cash back on internet payments.
Add Authorized Users: To leverage more offers, add authorized users to these cards. For each user, create a new Amex account. While all cards under a person’s name can share one login, I’ve found that creating separate logins for each authorized user’s card can yield even more exclusive deals.
Streamline the Process: Managing multiple accounts can be tedious. To simplify, I recommend using apps like “Max Rewards” which activate all offers automatically. This way, you can easily view available offers and the cards they’re linked to.
Examples of Great Deals: Earlier this year, I benefited from the inKind deals, receiving $1,000 worth of free dining. At the end of last year, there was a Lowe’s deal on business cards offering 20% off (up to $50). I purchased $1,750 in Amazon gift cards at this discounted rate. All of this was possible due to my strategy.
A Word of Caution: This strategy does require the cooperation of close friends or family. Unlike other banks where you can add any name as an authorized user, with Amex, you’ll need their actual details, such as the Social Security number. However, remember, you don’t have to hand over the physical card to the authorized user. The card and the associated offers remain under your control.
The Value of Amex Offers: In my opinion, the Amex Offers are among the most valuable benefits of these cards.
I’m sharing this strategy even though I haven’t come across many who employ it. It has worked wonders for me, although I sometimes wonder if I should have kept it a secret.
DoC needs a chatGPT plugin to decode some comments
Cocaine is a hell of a drug.
In theory this sounds good, but in practice good luck getting friends to give you SSN and open a card for them. I can’t even get most to use a referral link.
Of course CFPB is unconstitutional. Why did it take this long for this to even reach SCOTUS? I’d like to hear from the leftists all butt hurt over this about why they think this, and no other federal government dept should be unaccountable to both elected officials and judicial review? If CFPB, then why not every other federal bureaucracy? You’d have to be naive to the extreme to not understand that once a precedent is set, it’s very hard for it to not expand in unexpected ways.
The Fed and the CIA.
Boom. Only took 5 words to destroy your silly, uninformed argument.
The delta article is behind a subscription
It doesn’t matter. The Delta article is one week old, and thus just has the old news that they are going to reconsider some of the changes, but not spelling out how they might reconsider. So you’re not really missing anything.