Trump Administration Orders Shutdown Of Consumer Financial Protection Bureau Trump administration directs CFPB to halt operations, raising concerns about consumer protection efforts. Top News · Feb 10, 2025
'CFPB RIP!' Russell Vought Halts Key Bureau Activities The agency's website displays an error message, and its X account has also been removed. International Business Times · Feb 9, 2025
Russell Vought Appointed Acting Director Of Consumer Financial Protection Bureau Elon Musk's team reportedly gained access to and deleted CFPB's X account, causing dismay and anger. Top News · Feb 8, 2025
Trump Fires Director of Consumer Financial Protection Bureau Who Sued Nation's Biggest Banks Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), was abruptly fired by President Donald Trump Saturday morning. International Business Times · Feb 1, 2025
Consumer Financial Protection Bureau Director Rohit Chopra Steps Down Rohit Chopra resigns as CFPB Director, sparking discussions on agency's future direction and next leader. CFPB faces transition period amidst evolving fina... Top News · Feb 1, 2025
Will Trump kill the CFPB? What you need to know The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation. Fortune · Jan 21, 2025
Cash advance apps: The new loan sharks? The Federal Trade Commission has cracked down on the apps, saying they mislead consumers Salon · Jan 17, 2025
Block agrees to pay $120 million in refunds to resolve Cash App fraud The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration. Fortune · Jan 16, 2025
Capital One Accused Of Cheating Consumers Out Of $2 Billion In Interest Earnings The Consumer Financial Protection Bureau announced Tuesday that it has filed a lawsuit against Capital One Bank for misleading customers about their savings account interest rates. International Business Times · Jan 14, 2025
US bans medical debt from credit reports as Biden nears exit Consumer Financial Protection Bureau says change will strike $49bn in medical debt from credit reports. Al Jazeera · Jan 8, 2025
Walmart accused of illegally forcing over 1 million of its drivers to open bank accounts Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to present their case The Independent UK · Dec 24, 2024
Walmart Forced A Million Workers To Use Bank Accounts With Expensive 'Junk Fees' To Receive Paychecks: Feds The Consumer Financial Protection Bureau has filed a lawsuit against Walmart and financial services company Branch over employee accounts with expensive fees. International Business Times · Dec 24, 2024
Walmart Forced a Million Workers to Use Bank Accounts with Expensive 'Junk Fees' to Receive Paycheck or Risk Losing Job: Lawsuit The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against U.S. retailer Walmart and financial services company Branch after it was reported that the former unlawfully opened Branch accounts with expensive deposit fees on behalf of its employees. Latin Times · Dec 24, 2024
JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for fraudsters." International Business Times · Dec 20, 2024
The Guardian - US · Dec 16, 2024 Trump will destroy the government agencies that most help working people For all its supposed ‘populism’, the new administration will probably target offices that protect consumers
The Independent UK · Dec 13, 2024 Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge
Salon · Dec 12, 2024 Biden's crackdown on overdraft fees The Consumer Bankers Association is rallying against the regulation
The Independent UK · Dec 12, 2024 The White House is cracking down on overdraft fees The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration
Salon · Dec 11, 2024 Why the GOP hates this consumer agency Elon Musk is leading another effort to "delete" the CFPB. It's complicated.
TechRadar · Dec 9, 2024 Google sues US Consumer Financial Protection Bureau over federal supervision order for Google Pay Google is unhappy with its federal supervision order from the Consumer Financial Protection Bureau.
Tom’s Guide · Dec 7, 2024 New rule would make it much harder for data brokers to sell your personal info The Consumer Financial Protection Bureau hopes to regulate data brokers the same way it does credit bureaus and background check companies.
Al Jazeera · Nov 28, 2024 Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau Musk, a confidant of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.
Salon · Nov 27, 2024 Musk wants to "delete" CFPB The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices
Android Central · Nov 21, 2024 Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet Big tech companies ended up creating "critical financial tool," hence why the CFPB wants oversight.
International Business Times · Nov 14, 2024 CFPB's Future Uncertain: Bankers Anticipate Changes Under Trump Administration Although the open banking regulation of the Consumer Financial Protection Bureau (CFPB) is intended to safeguard consumer rights, bankers anticipate changes under the Trump administration, which might curtail the agency's authority.