Category World News

The Consumer Financial Protection Bureau (CFPB) is a masterful consumer watchdog, established after the 2008 financial crash. It has helped many millions of people who were betrayed by Wall Street and Main Street over the years. It fights unsurprisingly for its life in Trump’s America.

A preliminary injunction that had temporarily stifled the Trump administration’s plan for widespread layoffs was lifted by a federal appeals court on August 15, 2025, causing a significant setback to the bureau. The DC Circuit ruled in a 2-1 decision, which means the axe may still fall and placed a temporary stay in place while a new hearing is being considered. However, the CFPB’s future appears at best uncertain for the time being.

Not by accident, the bureau’s peril. The plan is that. Trump enlisted the new “Department of Government Efficiency” (DOGE) to assist him in putting his stamp on the CFPB from the moment he entered the White House. Elon Musk, X and Tesla’s owner, then launched a swift attack on DOGE. The issue was with how the CFPB has already provided Americans with more than $ 21 billion since its founding, far beyond its intended purpose. The US lost about 8.7 million jobs and lost millions of homes during that meltdown, prompting Congress to take action. The Dodd-Frank Act, which established the CFPB as an independent watchdog over banks, lenders, and credit card companies, was signed by President Obama as a response, which was the kind of “efficiency” target DOGE wanted to eliminate.

The CFPB has been providing guidance on both old and new financial products from the beginning, managing consumer complaints through an online database, conducting research, creating regulations, and issuing recommendations. Additionally, it investigates, litigates, and enforces consumer protection law violations against businesses.

The bureau’s third director, Rohit Chopra, almost had an overuse for the betterment of itself. It won numerous high-profile victories, including a $ 120 million settlement with Navient for abusive student-loan practices in 2024 and a $ 3.7 billion order against Wells Fargo, including a $ 1.7 billion civil penalty, for illegally repossessing cars, freezing accounts, and more.

The CFPB’s push to regulate fintech platforms was what really irritated the tech snobs. Silicon Valley was enraged by its decision to policize peer-to-peer apps and digital wallets in addition to proposed privacy protections. With its goals in peer-to-peer payments, Apple Pay, Google Pay, PayPal, Cash App, and X all suddenly encountered CFPB scrutiny. Big Tech desired the least amount of scrutiny with it.

Some of the biggest donors to businesses that are subject to CFPB investigations or are under threat of violating its regulations have a straight line in their dealings with Trump’s campaign and inauguration. Elon Musk, who owns Tesla, is the subject of numerous consumer complaints in the CFPB’s database, and has contributed more than $250 million to Trump campaign initiatives. At least $5 million was previously supported by LendUp, a payday-style lender that the CFPB sued for deceptive practices, and it was the result of court-ordered consumer payments totaling nearly $40 million.

The administration has indicated that it will only employ a statutory skeleton crew to protect millions of households from corporate abuse and overreach, but the bureau’s staff has only received a brief reprieve for the time being. The CFPB gives Wall Street a win while Americans accept the bill while defusing and fang.

Consumer costs are already starting to appear. A Texas federal court lifted the $8 cap on most credit-card late fees, which the CFPB had predicted would save households more than $10 billion annually after Trump’s team took control of CFPB policy at the Bureau’s own request. The 2024 overdraft rule, which would have cap fees at $5 or required banks to only charge their break-even costs, was also overturned by Congress and the president, which the CFPB claimed could save consumers up to $5 billion annually. The administration reduced Wise US Inc’s civil penalty from about $2.025 million to roughly $45, 000, and it terminated the majority of a $60 million Toyota Motor Credit order. That is wiped away by consumer relief funds worth tens of millions.

Consumers are left to take care of themselves. For most Americans, we are returning to the good old days, when rules are tilted toward Wall Street, and medical or student loan debt causes a decline in credit access.

That is, unless states take action. States can still combat some of the predatory practices and products the bureau pursued despite having the resources and, in some cases, the robust authority to protect consumers in the same way the CFPB did. The Department of Financial Protection and Innovation (DFPI), modeled on the CFPB, was established after Trump weakened the bureau in his first term.

Senate Bill 1512, which would establish a state-level consumer protection regime similar to California’s approach, was introduced by Illinois legislators on February 4, 2025, but it is still in committee and has not advanced. Other blue states are thinking about re-adopting recently revoked CFPB guidelines or using similar strategies.

In some places, strong protections will be present, but weaker ones will be, which hurts families in weaker states and makes businesses to adhere to various laws state by state. As Silicon Valley and Wall Street celebrate the CFPB’s demise, hard-working families, veterans, and seniors will suffer as a result of rising corporate profits. Trump, Musk, and their allies are envisioning a future where Americans are being told to “tighten their belts” and corporate predators are free.

Former Labour leader Jeremy Corbyn’s unofficial tribunal accused the UK of aiding Israel’s war crimes and being a coercessor of the genocide. Although its conclusions have no legal weight, those who saw the suffering in Gaza have had vivid testimony.

French President Emmanuel Macron announced on Thursday that 26 countries had promised to send troops or provide other military assistance to Ukraine after the war ends in a bid to guarantee security in the country.

Macron’s announcement came after a meeting of the so-called “coalition of the willing” in Paris on Thursday.

So what is the coalition, what has it announced, and how have Ukraine and Russia reacted?

What is a ‘coalition of the willing’?

A coalition of the willing is a temporary international group created to solve a specific issue or achieve a particular military or political goal.

This coalition comprises countries that share the common goal of providing Ukraine with security guarantees. They are predominantly European nations, but also include Australia, New Zealand, Japan and Canada.

The coalition was first announced by British Prime Minister Keir Starmer last March.

Back then, Starmer said the coalition would comprise countries that are willing to join forces and devise a sustainable peace plan for Ukraine, to take effect after a peace deal is signed.

What was agreed at the meeting in Paris?

Leaders of 35 countries attended the meeting. Ukrainian President Volodymyr Zelenskyy, Polish Prime Minister Donald Tusk and European Commission President Ursula von der Leyen were among leaders to attend in person, while others attended online.

In Paris on Thursday, 26 coalition members agreed to send troops or provide other assistance to Ukraine after its war with Russia is over.

“We have today 26 countries who have formally committed – some others have not yet taken a position – to deploy a ‘reassurance force’ in Ukraine, or be present on the ground, in the sea or in the air,” Macron told reporters after the meeting.

Macron did not name the 26 countries, nor did he specify the number of troops that would be deployed.

“We are ready, we the Europeans, to offer the security guarantees to Ukraine and Ukrainians the day that a peace [accord] is signed,” Macron said.

Troops would not be sent to the front lines, but they would aim to prevent future conflict from breaking out.

He added that the United States’s contribution to the security guarantees would be finalised in the coming days.

Some European countries, including Germany, Spain and Italy, have not yet committed to sending their own troops but have offered to help in other ways, such as financially or by providing training.

German Chancellor Friedrich Merz told the summit that Germany’s decision to send troops would depend on whether the German parliament approves such a move, and the nature of US involvement in the security guarantees.

“The focus must be on financing, arming and training the Ukrainian armed forces. Germany has become Kyiv’s most important partner in this area. The German government is prepared to expand this,” Merz said, according to spokesman Stefan Kornelius.

How has Ukraine responded?

Zelenskyy made a series of posts on his X account recapping the meeting and lauding the progress that was made on Thursday.

In a post, Zelenskyy wrote: “The Coalition of the Willing is working very actively – military, political, advisory levels. We already understand the basis for real security guarantees. The framework is there. Guarantees are not only about ‘someday’ – they are also about the present.”

In another post, Zelenskyy continued, saying the basis for the plan, in terms of forces and concrete steps, is ready.

“We define which countries will take part in particular security components: who on land, who in the air, who at sea, who in cyberspace, who, even without their own forces, can contribute financially.”

Precise details about these guarantees have not yet been made public.

How has Russia responded?

Russia has rejected the notion of foreign troops entering Ukraine, even after a peace deal is struck.

Russian President Vladimir Putin said on Friday that any Western troops on the ground would be deemed “legitimate targets” by the Russian military.

“If some troops appear there, especially now during the fighting, we proceed from the premise that they will be legitimate targets,” Putin said at the Eastern Economic Forum in the far eastern city of Vladivostok.

Russia earlier rejected any discussion of the deployment of foreign forces in Ukraine.

Maria Zakharova, Moscow’s Ministry of Foreign Affairs spokesperson, said on Thursday that Moscow refused to consider the idea of an international post-conflict security force “in any form”.

Zakharova told reporters: “Russia is not going to discuss the fundamentally unacceptable and security-undermining foreign intervention in Ukraine in any form, in any format.”

Where do peace negotiations stand?

During his election campaign last year, US President Donald Trump repeatedly promised to promptly end the war in Ukraine if he were elected.

However, a peace agreement appears to remain out of reach as Zelenskyy, Putin and Trump have been unable to agree on terms so far.

On March 19, the US, Ukraine and Russia agreed to a 30-day ceasefire, suspending attacks on Russian and Ukrainian energy infrastructure.

Then, on March 25, they announced the Black Sea agreement, pausing the military use of commercial ships and the use of force in the region.

However, both sides have accused each other of breaking these agreements, which have since expired.

Where does the US stand in all of this?

On August 18, Trump met European leaders at the White House to discuss how to bring an end to the war in Ukraine. During this meeting, Trump reversed his earlier calls for a ceasefire in Ukraine, saying a peace agreement would be preferable.

One week before, Trump had met with Putin for a three-hour summit in Alaska, where Putin rejected the idea of a ceasefire before reaching a peace deal and urged Ukraine to surrender territory in the east.

Since then, the US has taken a number of actions to increase pressure on Russia to reach a peace agreement. As part of his trade tariff wars, Trump announced that he was doubling India’s tariffs from 25 percent to 50 percent because of its purchase of Russian oil. He has suggested that such measures may be in store for other Russian allies as well.

“You’re going to see a lot more. So this is a taste,” Trump said in the Oval Office on August 8, after initial tariffs were placed on India.

In July, Trump struck a deal with European NATO countries to sell more US weapons, such as Patriot missile air defence systems, for Ukraine’s use on the front lines. He said Ukraine’s European allies would foot the bill for these weapons.

And, this week, he revealed his irritation with Putin during a news conference in Washington.

“Whatever his decision is [on reaching a peace deal with Ukraine], we’ll either be happy about it or unhappy,” Trump said. “And if we’re unhappy about it, you’ll see things happen,” he said.

Following the Paris summit on Thursday, Trump held a meeting with European leaders in which he is understood to have rebuked those countries which are still buying oil from Russia, although these are mainly countries which are not members of the coalition, such as Hungary and Slovakia.

The EU as a whole is still purchasing a small volume of Russian crude oil, but the European Commission is aiming for a complete phase-out of Russian oil and gas imports by the end of 2027.

Israel’s forces have destroyed a high-rise tower in a densely populated part of Gaza City and have warned of further attacks to multi-storey buildings as it intensifies its campaign to seize control of the capital.

On Friday, the Israeli military ordered people in Mushtaha Tower, a 12-storey building located on the western side of Gaza City and surrounded by hundreds of makeshift tents, to evacuate, and later struck the building, claiming it was “Hamas infrastructure” and was used to plan and carry out operations against Israeli forces.

Reporting from Deir el-Balah in central Gaza, Al Jazeera’s Hind Khoudary said the building was one of the biggest high-rises in the heart of Gaza City.

“Israeli forces hit it with two air strikes – the first was a warning and then it was hit again with another F-16 strike,” she said.

The management of the Mushtaha Tower has denied Israeli claims that the high-rise was being used by Hamas fighters, according to Al Jazeera Arabic. The building’s management said the site was only accessible to displaced people.

Al Jazeera’s Tareq Abu Azzoum, also reporting from Deir el-Balah, said a number of civilians were wounded in the Israeli attack on the 12-storey tower and were transported to al-Shifa Hospital to receive emergency treatment.

“The shock wave of the attack spread over the entire area, triggering chaos. A number of makeshift tents have been affected by the attack, which signals a new phase of the Israeli military campaign,” he said.

‘Gates of hell are opening’

Prior to the attack on the tower, Israel’s Defence Minister Israel Katz said on X that Israel’s military activity in Gaza City is intensifying. He said the “gates of hell are opening now” in Gaza and warned that they will not be closed until Hamas “accepts Israel’s conditions for ending the war – led by the release of all the hostages and disarmament”.

Reporting from Gaza City, Al Jazeera’s Hani Mahmoud said Israel’s attacks on high-rises in the region are not yet over.

He said another five-storey building is facing Israel’s forced evacuation order.

“This is a building near a gas station and the YMCA, a nonprofit organisation. People are being given a short amount of time to evacuate,” he said.

Military analyst Elijah Magnier told Al Jazeera that Israel is targeting high-rise buildings in Gaza to minimise its potential troop casualties when they advance on the ground, while also spreading “panic and fear” among the civilian population.

“It also has a psychological advantage,” he noted. “Destroying the skyline creates shock, disorientation, fear and panic among civilians” who have “no visibility of the future or when this war will end”.

“This is a preparation to occupy Gaza City,” he said.

‘The operation will continue’

On Friday, an Israeli military spokesperson claimed that Israel controls 40 percent of Gaza City.

“We continue to damage Hamas’s infrastructure. Today we hold 40 percent of the territory of Gaza City,” Israeli Brigadier General Effie Defrin told a news conference, naming the Zeitoun and Sheikh Radwan neighbourhoods. “The operation will continue to expand and intensify in the coming days.”

Israeli forces killed at least 44 people across Gaza on Friday, with at least seven children killed in attacks in Gaza City alone.

Al Jazeera’s Khoudary said Palestinians have begun heading south due to the attacks in Gaza City.

“Tents have been filling up in az-Zawayda, al-Mawasi, Khan Younis and Deir el-Balah,” she said. “Palestinians must either survive by going south or stay in Gaza City – and we do not know what’s going to happen if they stay. There’s fear and desperation here.”

Palestinian and United Nations officials, however, say nowhere is safe in Gaza, including areas Israel designates as humanitarian zones.

Since the start of Israel’s war in October 2023, at least 64,231 people have been killed and 161,583 wounded across Gaza. A total of 1,139 people were killed in Israel during the October 7 attacks, and about 200 were taken captive.

Hamas releases video of two hostages

On Friday, Hamas released a video of two Israeli captives seized from a music festival in Israel in October 2023. Guy Gilboa-Dalal and Alon Ohel are two of 48 people still being held by Hamas in Gaza, with 20 thought to be still alive.

The video was edited and featured an exhausted-looking Gilboa-Dalal speaking for around three-and-a-half minutes. He says he is being held in Gaza City along with several other captives and that he is afraid of being killed by Israel’s offensive on the city.

Gilboa-Dalal appears to be in the backseat of a car that is being driven around. As the car passes by buildings, he identifies one as belonging to the Red Cross. At one point, Ohel is also seen.

After the release of the video, Israeli opposition leader Yair Lapid on X urged Israeli negotiators to resume truce talks on a deal to secure the captives.

Tens of thousands of Israelis have also staged weekly demonstrations calling for an end to the war to secure the release of the remaining captives.

Those freed so far were released as a result of diplomatic negotiations mediated by the United States and Arab states, but the last round of talks collapsed in July.

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