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#regulators

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The #Trump admin Wednesday asked #SCOTUS to allow the president to remove a pair of #independent #regulators whose cases have broad implications for at least two dozen other agencies, including the #FederalReserve Board, & for how the federal govt operates.

Trump has moved aggressively to seize greater control of the bureaucracy, ousting independent #watchdogs & removing the two #Democrats on the #FTC, which protects #consumers from deceptive practices & monopoly #power.

#Trump has fired the director of the #Consumer #Financial #Protection Bureau, #RohitChopra, in the latest #purge of a #Biden admin ofcl.

Chopra was one of the more important #regulators from the previous admin. Chopra’s tenure saw the removal of #MedicalDebt from #CreditReports & limits on #overdrafts #penalties, all based on the premise that the financial system could be fairer & more competitive in ways that helped #consumers.

#TrumpCoup2 #GovernmentOverthrow #law
apnews.com/article/trump-chopr

As much as I enjoy watching the @EUCommission enforce the #DMA against #Bigtech firms, it's _very_ disappointing that the regulatory discussions happen between #regulators, some consumer protection people(?), and the #gatekeeper companies themselves -- behind closed doors.

Apparently no independent (#civilsociety #digitalrights) experts or #academics in #AI were invited. 🙄

CC @lobbyctrl_tech @corporateeurope #DigitalMarketsAct #Microsoft #Apple #Meta

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@quokka1 @GrapheneOS I sincerely doubt the #regulators will do much about it and I assume that like with #Turkey (aka. #Türkiye):

Restricted imports of one Device (as per IMEI!!!) per person and year (every entry is counted even if you leave with the device!) and automatically bans them after 30 days of #Roaming across all networks until one #KYC's with a Turkish National ID at a #Türkcell Store in person results in a literal "#BlackMarket" for domestically sold, cheap prepaid phones by said carriers just to take their #IMEI and flash it onto the #Baseband of an #imported #Smartphone to circumvent that garbage.

  • Basically the inverse of what people do in places like #Thailand and #Germany where KYC is mandated even for #Prepaid cards and they just import a SIM from neighbouring countries.
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@protonprivacy @puppygirlhornypost @vfrmedia

pressing X for doubt Good #OpSec dictates to never ever rely on any provder to cover one's ass...

I just think that you overstate your #privacy claims like all those #VPN companies do to bamboozle #TechIlliterates and I find that insulting to me personally, because I'd rather have honest providers like cock.li and @monocles that will not lie into the face of customers.

But that's #NotLegalAdvice...

I just think that being honest like @tomscott is way better long-term and more beneficial to one's personal #reputation, but that's just me as a #consumer and #TechLiterate.

  • I'm shure as a #PublicCompany (not traded publicly on exchanges !!!) you do have an obligation to maximize profit and share value for your #shareholders - #Switzerland isn't that different in that regard compared to #Germany - so OFC that may not roll with your board of directors.

It's just that previous blunders left a sour taste as like a #postal service or #telco what people communicate and with whom is none of your business unless you're forced to do so for "legitimate reasons" like #ITsec or to comply with duely submitted court orders...

  • Otherwise we'll soon have #regulators and #ConsumerProtection forcing hard advertisement regulation on the entire industry with big ass disclaimers being tagged on because someone made too outrageous claims re: privacy and security...
Twitterthaddeus e. grugq on Twitter“I’m gonna tell you a secret about “logless VPNs” — they don’t exist. Noone is going to risk jail for your $5/mo https://t.co/Q2aOQJkG4g”

The #SupremeCourt on Friday overturned a long-standing legal doctrine in the US, making a transformative ruling that could hamper federal agencies' ability to regulate all kinds of industry.
Supreme Court ruling kneecaps #federal #regulators
The Supreme Court’s move to overturn a doctrine known as #ChevronDeference will completely change how environmental and consumer protections are decided. theverge.com/2024/6/28/2418011 #Chevron

The set up to continued take down of the federal government per Project 2025 - Decision Sweeps Aside #ChevronDoctrine, Imperiling Many #Federal Rules. The #SupremeCourt overturned a #foundational part of #American #law by rejecting a key #precedent on the power of #executive agencies. The ruling endangered countless #regulations and effectively transferred #power from the #executivebranch to #Congress and the #courts. nytimes.com/live/2024/06/28/us #legalresearch #regulators law.cornell.edu/supremecourt/t

The New York Times · Supreme Court Overrules Chevron Doctrine: Live UpdatesBy Adam Liptak
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But #TrumpMedia almost didn’t make it to the merger after #regulators opened a #securities investigation into it in 2021 & caused the co to burn through cash at an extraordinary rate as it waited…for its IPO.

The situation led TrumpMedia to take emergency #loans, incl’g from an entity called #ESFamilyTrust, which opened an acct w/ #PaxumBank, a small bank registered on the #Caribbean island of #Dominica best known for providing #financial services to the #porn industry.