July 16, 2025

News Summary A Texas federal judge has stopped the CFPB’s initiative to remove unpaid medical bills from credit reports, citing overreach. This plan aimed to alleviate $49 billion of medical debt affecting millions but faced opposition from Republican lawmakers and lenders. The CFPB projected that removing such debts would raise average consumer credit scores by about 20 points and increase mortgage approvals. With recent credit bureau reforms regarding medical debt,

News Summary Former National Security Adviser Michael Waltz’s recent Senate hearing focused on his nomination as the U.S. Representative to the United Nations. Waltz proposed significant reforms, emphasizing a ‘back to basics’ approach and tackling inefficiencies within U.N. agencies. His plans include recommitting to peacekeeping, addressing funding cuts, and combating external influences, particularly from China. As discussions surrounding allegations of antisemitism and wasteful spending arise, Waltz’s approach could reshape the

News Summary New York and New Jersey faced devastating flash flooding after torrential rains swept through the region. A state of emergency was declared, rescue operations were initiated, and transit services were disrupted. Governor Murphy emphasized the need for improved infrastructure in the face of extreme weather, as communities begin to assess the damages caused by this weather event. Torrential Rains Wreak Havoc in New York and New Jersey As