Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The ...

Among other things, the CFPB fields complaints, supervises companies and monitors the financial markets for risks. ... The Associated Press contributed to this report. More from Politics.

"The CFPB is trying to ensure uniformity and certainty of access on the one hand, and encourage innovation and discourage screen scraping on the other," he said. "They are looking at the biggest risks ...

Established in the wake of the Great Recession, the Consumer Financial Protection Bureau (CFPB) is a government agency intended to do exactly what its name states: protect consumers financially by ...

At a court hearing Monday, CFPB’s COO Adam Martinez gave a sworn account of the chaos that has consumed the federal agency meant to stop unfair corporate practices. advertisement.

The CFPB was formed as a response to the 2008 financial crisis and the ensuing Great Recession. ... BY ASSOCIATED PRESS. Feb 17, 2025. SHARE. LinkedIn Facebook X Bluesky Link.

The CFPB has vigorously pursued a mission to return billions of dollars to consumers from junk fees and fraud.Since the bureau’s founding in 2011, it has provided over $21 billion in consumer ...

The CFPB capped most bank overdraft fees at $5 in a rule announced in December. Fees have averaged around $27 . Argument for: The agency said overdraft fees, like late fees, are needlessly high.

More than 1,400 Consumer Financial Protection Bureau (CFPB) workers were terminated from their positions on Thursday, sources told WIRED. There were around 1,700 employees in total at the CFPB ...

Welcome to The Hill’s Technology newsletter{beacon} Technology Technology The Big Story Musk’s X payment plans loom over CFPB seige Elon Musk’s plans to add payment servic… ...

The CFPB is sending millions in financial relief to consumers harmed by illegal lending practices targeting veterans. ... as well as fees that are associated with that loan,” Rice explained.