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The Latest Breaking News from CFPB

DOGE cuts to the IRS will cost $500 billion in lost revenue, watchdog finds

DOGE ‘destroyed, diminished or jeopardized’ billions of dollars in returns on government investments, CREW discovered

The Independent UK

Over 100 Musk followers still at DOGE

At least 38 DOGE members work, or have worked, for one of Elon Musk’s companies

Salon

Trump’s policies could have a major impact on your credit score. Here’s how

President Donald Trump’s “One Big Beautiful Bill” would likely add trillions to the country’s deficit and drive up interest rates.

The Independent UK

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‘How did I get approved for $30,000?’: is buy now, pay later headed for a fall?

Advocates worry debt burden is worse with installment payments as credit card debt balloons to over $1tn in US

The Guardian - US

Senate Banking would zero out CFPB funding in reconciliation - Roll Call

Other reconciliation provisions for Banking panel would pare spending at the Fed, Treasury, HUD and at the Securities and Exchange Commission.

Roll Call

‘This Should Be Illegal’: Customer Gets Approved for 2024 Jeep Wrangler. Then An Expert Exposes the Reality of Financing

Some people buy a house. Others, apparently, buy a Jeep Wrangler with a seven-year loan and enough interest to make an accountant run screaming for the hills.A TikTok clip from the descriptively named creator I'm Just A Finance Guy (@imtheautofinanceguy) shows how outrageous financing deals can get these days, especially…

Motor1

Doge employees hold stock in firms set to benefit from cuts, Democrats allege

Elizabeth Warren and others urge investigation over ‘clear conflict of interest and potential criminal violation’

The Guardian - US

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5 Ways To Report A Bad Business Outside Of The BBB

For years, the Better Business Bureau (BBB) has been the go-to for consumers looking to hold companies accountable. But in today’s digital age, relying solely...

Saving Advice

Donald Trump's Plan to Dismantle CFPB Could Lead to More Ripped-Off American Products

CFPB workers claim that if Donald Trump completely dismantles the consumer watchdog, then ripped-off American products will become more rampant.

International Business Times UK

The $425 Million Capital One 360 Savings Settlement: Who’s Eligible for a Payout and What Happened?

Capital One agreed to a $425 million settlement over its 360 Savings account interest rates. Here’s what you need to know.

Kiplinger

Trump administration scuppers plan to stop data brokers from putting Americans’ sensitive data up for sale

The plan to ban brokers from selling sensitive data has been scrapped, citing "misalignment".

TechRadar

Workers at top US consumer watchdog sound warning as Trump bids to gut agency

Staff tell Guardian ripped-off Americans will have ‘nowhere to turn’ if Consumer Financial Protection Bureau is undone

The Guardian - US

CFPB Scraps Biden-Era Plan To Curb Data Brokers' Sale Of Personal Info

Consumer watchdog groups warned that withdrawing the rule leaves Americans more vulnerable to fraud and identity theft.

International Business Times

How to Be Your Own Consumer Watchdog

Big changes are afoot at federal agencies. Make these moves to protect yourself financially.

Kiplinger

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Roll Call

McKernan, in limbo as CFPB nominee, to get a shot at Treasury - Roll Call

Jonathan McKernan, awaiting a Senate vote on his nomination to lead the CFPB, will get tapped for another job at the Treasury Department.

The Guardian - US

New York watchdog warns Trump cuts will usher in ‘open season’ for scammers

City comptroller Brad Lander, also a mayoral candidate, calls for state and local action to take up oversight work of Consumer Financial Protection Bureau

The Independent UK

DOGE bro helped fire ethics lawyers who warned him over his $715,000 in banned company stocks: report

Gavin Kliger, 25, was ‘screaming at people he did not believe were working fast enough’ during April mass layoffs, according to court document

The Guardian - US

Chaos unleashed by Musk’s Doge is starting to wane – what does that mean?

Tech billionaire plans to hang up the chainsaw as he steps away from ‘efficiency’ role amid Tesla sales slump

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International Business Times

Moving Fast And Breaking Everything: Musk's Rampage Through US Govt

In Silicon Valley, they talk about "moving fast and breaking things." One of his first and splashiest moves was to send emails to 2.3 million civil servants, offering buyouts -- and making clear their futures now hang by a thread.

Reason

Archives: May 2025

Excerpts from Reason's vaults

Fortune

Court filings describe DOGE-driven, scream-filled, 36-hour mass layoff scramble at consumer protection agency

As the Trump administration seeks to gut the Consumer Financial Protection Bureau, employees are fighting back.

The Guardian - US

Federal judge blocks Musk team’s effort to shutter top consumer agency

Order comes a day after the ‘efficiency’ team sent out orders to lay off 1,500 of the agency’s 1,700 employees

Roll Call

Judge blocks latest attempt to slash CFPB - Roll Call

A federal judge said Friday she would block planned mass firings, announced the previous day, at the Consumer Financial Protection Bureau.

International Business Times

Consumer Watchdog Eyes 90% Workforce Cuts Under Trump-DOGE Federal Government Downsizing: Reports

The Consumer Financial Protection Bureau is set to lose most of its employees as it undergoes a "necessary" restructuring that will affect some 1,500 agency workers.

The Independent UK

Layoffs hit Consumer Financial Protection Bureau as Trump's government downsizing continues

The Consumer Financial Protection Bureau is being downsized by President Donald Trump

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