Consumer Financial Protection Bureau ordered to stop work. What it could mean for you
The fate of the Consumer Financial Protection Bureau, or CFPB, is uncertain as the agency and its workers have faced a tumultuous month of February so far, possibly leaving consumers with more questions than answers. Here's the latest and how it could affect consumers.
What’s at stake if Consumer Financial Protection Bureau goes dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the midst of a complete overhaul that could cripple its ability to act as the consumer finance watchdog it was designed to be.
Democratic lawmakers warn axing Consumer Financial Protection Bureau will leave troops vulnerable
Shuttering the Consumer Financial Protection Bureau will leave service members who rely on the agency’s accountability initiatives less guarded from scams and financial crimes.
Republican congressman calls to defund the Consumer Financial Protection Bureau
Rep. Keith Self (R-TX) wants to see change in Washington, D.C., particularly the kind of change that embraces conservative fiscal policy. In a letter to House Speaker Mike Johnson (R-LA), Self encouraged the inclusion of a bill that would strip the Consumer Financial Protection Bureau of its funding.
AG Neronha joins other states in defending Consumer Financial Protection Bureau
Attorney General Peter Neronha says he is joining a coalition of 23 other AGs to warn against the current administration’s effort to disband the CFPB.
Former senior official weighs in on the Consumer Financial Protection Bureau
The Trump administration appears to be trying to shut down the Consumer Financial Protection Bureau — a consumer watchdog focused on the financial sector. Several people have been let go from the agency already.
Letter to the editor: Consumer Finance Protection Bureau protects us
The Consumer Finance Protection Bureau (CFPB) has helped American consumers to the tune of $21 billion, protecting them from predatory lending, junk fees and the like. In 2023 alone, over 1.3 million Americans filed complaints with the bureau.
No more consumer protection? What the CFPB shutdown means for you.
In the waning months of the Biden administration, the CFPB released a flurry of consumer protection rules. Where do they ...
HousingWire2d
Former FHFA Director Mark Calabria joins CFPB in interim role
Mark Calabria is the latest addition to the leadership roster at the CFPB, despite the bureau’s near shutdown.
PBS11d
Former CFPB director says Trump ‘begging for another financial crisis’ by closing agency
The Consumer Financial Protection Bureau has been shut down by President Trump, at least for this week and possibly much ...
ConsumerAffairs9d
Trump nominates new CFPB director
President Trump has nominated Jonathan McKernan to be the director of the Consumer Financial Protection Bureau (CFPB). If ...
Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain ...
American Banker9d
HFSC will hold hearing after new CFPB director confirmation
A House Financial Services Committee spokesperson said the committee will hold its required semiannual hearing with the ...
New York Post12d
CFPB’s 1,700 employees told to ‘not perform any work’ as Obama-era agency becomes latest Trump target
and acting director of the CFPB, told the workforce that they would have a surprise week off — after similar actions preceded last week’s bloodbath at USAID. “Good morning CFPB staff ...
Trump unveils nominees for CFPB director, comptroller of the currency
President Trump sent a new list of nominations to the Senate on Tuesday, unveiling his picks to lead several key financial regulatory agencies in his second administration. Jonathan ...
Reuters12d
Protest erupts after US consumer watchdog boss tells staff to stop work
"Employees should not come into the office," acting CFPB Director Russell Vought said in an email to all staff. "Please do not perform any work tasks." U.S. Senator Elizabeth Warren, the top ...
The National Law Review8d
Trump Nominates McKernan to Be CFPB Director
President Trump nominated Jonathan McKernan to be the next director of the Consumer Financial Protection Bureau (CFPB). If ...
Trump’s First-Term Inside Man At The DOJ Has Scored A Top Post At The CFPB
Remember Jeffrey Clark, the former acting assistant attorney general in the Trump DOJ’s environmental division? He became ...