Trump claims CFPB “destroys” people. Senators say killing it is a gift to Musk.
Companies' reputations were damaged without proof, critics claimed, since the CFPB doesn't verify complaints. On the other ...
American Banker12hOpinion
Congress must act quickly to overturn CFPB's medical debt rule
Lawmakers have a short window of time in which they can use the Congressional Review Act to nullify the Consumer Financial ...
Forbes26d
The Dismantling Of Consumer Protections: What It Means For You
The abrupt firing of Rohit Chopra, Consumer Financial Protection Bureau (CFPB) Director on February 1 and the swift appointment of Scott Bessent on February 3 have set in motion the rapid ...
HousingWire5d
Federal judge orders CFPB to reinstate terminated employees
A federal judge on Friday ordered the reinstatement of all employees who were laid off last month by acting director Russell ...
CNN23d
DOGE’s efforts to dismantle consumer finance agency have slowed, official testifies
5:45 p.m. email from staff of Treasury Secretary Scott Bessent that instructed CFPB to let representatives from the Elon Musk-spearheaded initiative in. A lawyer for the union on Monday suggested ...
Paper Checks Are Done For Thanks To Trump’s Executive Order
Bankers and experts are excited about Trump eliminating paper checks, citing a rise mail fraud and revealing a loss of $521 ...
Digital Transactions29d
The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
naming Scott Bessent as acting director of the agency. The decision comes as the CFPB has backed off several lawsuits and regulatory actions in recent weeks, including a suit against Capital One. The ...
Trump CFPB cuts raise concern about financial crises, conflict of interest
The Trump administration is well on its way to abolishing the Consumer Financial Protection Bureau while state officials and other organizations are preparing for what comes next.