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THE TRUTH ABOUT: 12 - The Untold Story

Consumer protections are cut. Now what?

Without the Consumer Financial Protection Bureau, new platforms and services may escape a regulatory eye

Salon · Mar 6, 2025

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Fortune · Mar 6, 2025

States look to bolster consumer protection as Trump promises tariffs and trade war

Officials warn that the closing of the Consumer Financial Protection Bureau will have dire effects on vulnerable consumers including veterans and the elderly

The Independent UK · Mar 3, 2025

From analysis to the latest developments in health,
read the most diverse news in one place.

What the Supreme Court Said about Dellinger v. Trump in Seila Law v. CFPB

A district court judge has concluded that President Trump cannot remove the head of the Office of Special Counsel without cause. Supreme Court review is inevitable.

Reason · Mar 2, 2025

Consumer Watchdog Drops Legal Actions Against Firms Accused Of Financial Crimes, Including Capital One

The move came as Jonathan McKernan, nominated to head the CFPB, testified before the Senate during his confirmation hearing.

International Business Times · Feb 28, 2025

The CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and more

The Consumer Finance Protection Bureau has dropped several enforcement actions against companies like Capital One and Rocket Homes, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration

The Independent UK · Feb 27, 2025

Trump admin: CFPB won't be deleted

The agency appears to be in the process of being defanged instead of being shut down

Salon · Feb 27, 2025

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CFPB nominee promises to keep agency open but downsize it - Roll Call

The nominee to lead the CFPB told senators Thursday he would keep the agency open but also reduce its size.

Roll Call · Feb 27, 2025

How the Trump admin transformed the U.S. into the financial Wild West in a matter of weeks

America’s sad departure from its position as anti-corruption king will have seismic effects.

Fortune · Feb 27, 2025

Elon Musk’s conflicts of interest ‘should scare every American’, experts say

Doge’s work allows Musk to keep control of companies with billions in federal contracts as he guts government agencies

The Guardian - US · Feb 27, 2025

US economy ‘less safe’, experts say, as Trump hobbles consumer watchdog

Former officials say Americans more likely to be ripped off and scammed as CFPB targeted by Musk ‘efficency’ blitz

The Guardian - US · Feb 26, 2025

Judge Ho's Decision To Appoint Paul Clement In United States v. Adams (Updated)

This decision may not pan out for the court.

Reason · Feb 21, 2025

Americans now view Elon Musk and DOGE far less favorably than the programs DOGE is slashing, poll shows

In court, the administration says Musk isn’t in charge. Donald Trump just said the opposite.

Fortune · Feb 21, 2025

How To Recover From Debanking

Thousands of people have lost their bank accounts over "suspicious" activity. Here's what to do if it happens to you.

Reason · Feb 20, 2025

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Reason · Feb 19, 2025

How the CFPB's Medical Debt Rule Could Backfire

Scrubbing credit reports won’t erase debt—it will just make borrowing harder for low-income Americans.

Reason · Feb 19, 2025

Trump Has Good Reason To Complain About Limits on His Ability To Fire Executive Officers

His position is grounded in concerns about the separation of powers that presidents of both major parties have raised for many years.

Former CFPB Attorney Terminated Amid Concerns Over Medical Treatment

Former CFPB attorney Katherine Royce expresses worries about her medical treatment and the agency's mission post-termination.

The Guardian - UK · Feb 18, 2025

There are many ways Trump could trigger a global collapse. Here’s how to survive if that happens

It could be wildfires, a pandemic or a financial crisis. The super-rich will flee to their bunkers – the rest of us will have to fend for ourselves, writes columnist George Monbiot

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Latin Times · Feb 16, 2025

Federal Worker Fired Under DOGE Purge: 'We're Under Attack by Billionaires'

In a sweeping wave of layoffs, thousands of federal workers, including employees at the Consumer Financial Protection Bureau (CFPB), Department of Education and Department of Veterans Affairs, have been abruptly terminated.

The Independent UK · Feb 15, 2025

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

The Consumer Financial Protection Bureau is in the crosshairs of a White House that has halted its work, closed its headquarters and fired dozens of its workers

Trump Administration Agrees To Halt Mass Firings At CFPB

Trump administration agrees to halt mass firings at CFPB following court challenge. Concerns raised over downsizing impact and data preservation.

Reason · Feb 14, 2025

The 5 Worst Things About the Consumer Financial Protection Bureau

The agency—an unelected regulator with a blank check—has spent much of its short life making things harder for the consumers it set out to protect.

Former CFPB Official Warns Of Imminent Data Destruction Risk

Former CFPB official raises concerns over potential destruction of critical records, impacting consumer protection and financial stability.

Dozens Of CFPB Employees Terminated In Federal Workforce Reduction

Recent terminations at CFPB part of Trump administration's federal workforce reduction efforts, sparking debates and concerns.

Reason · Feb 13, 2025

Elizabeth Warren's Hubris Allowed Trump To Defund the CFPB

Instead of isolating the CFPB from Congress' budget-making authority, Warren and former President Barack Obama made it easier for a president to effectively shut it down.

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