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American Banker3h
CFPB shifts enforcement to states, stops nonbank oversight
An internal Consumer Financial Protection Bureau memo says the agency will shift enforcement and supervisory work to the ...
A new internal memo from the CFPB says it will 'deprioritize' its student-loan oversight in Trump's latest move to overhaul the consumer watchdog
Business Insider reviewed an internal memo from the CFPB calling on its employees to "deprioritize" student loans, medical ...
Trump can shrink consumer protection agency but cannot dismantle it entirely, appeals court says
A federal appeals court will allow the Trump administration to further shrink the Consumer Financial Protection Bureau but ...
Under Trump, consumer watchdog to slash industry supervision
The top U.S. watchdog agency for consumer finance will cut its inspections of financial services companies in half while ...
American Banker15h
Trump's CFPB asks for dismissal of Townstone redlining case
The Consumer Financial Protection Bureau and Townstone Financial, a Chicago mortgage lender that it sued in 2020, jointly asked a federal court to vacate a settlement, saying the case should never ...
HousingWire17h
Russell Vought reportedly wants to revoke prior CFPB ‘sub-regulatory’ guidance
The acting CFPB director is seeking to review “sub-regulatory” guidance issued by the bureau, saying that rescissions are likely needed.
FedScoop1d
Federal agencies aren’t working together to fight consumer scams, GAO says
The watchdog calls for a governmentwide strategy to counter tech-fueled schemes after auditing the FBI, CFPB, FTC and other ...
ConsumerAffairs1d
Court overturns rule limiting late fees to $8
The rule, issued during the Biden administration, limited overdraft fees to $8, after determining that amount was the actual ...
US consumer bureau dismisses case against Comerica Bank, filing says
The U.S. Consumer Financial Protection Bureau on Friday dismissed its lawsuit against Comerica Bank, after the agency ...