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.
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.
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Russ Vought, tapped as CFPB's acting director, directs bureau to issue no new rules, stop new investigations
Office of Management and Budget director Russell Vought is now also the acting director of the Consumer Financial ...
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
Richard Cordray, the first director of the CFPB, told BI that Elon Musk's call to dismantle the agency is a 'direct conflict ...
PBS12d
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 ...
Boston Herald3d
Scherer: CFPB can undo its harm to financial data
Fortunately, Trump’s decision to fire the CFPB director, Rohit Chopra, means that the new rule is unlikely to be finalized and may even be repealed. However, it is incumbent upon the acting CFPB ...
NerdWallet on MSN1d
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
Advocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
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 ...
American Banker10d
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 ...
Yahoo Finance3d
CFPB downfall has bankers questioning the agency's future
Big questions such as who would take top billing at the Consumer Financial Protection Bureau have begun to come into focus, as Former Treasury Secretary Scott Bessent was named acting director by ...
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 advantage from lax CFPB supervision, 23 state attorneys general say in court ...