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The Latest Breaking News from The Consumer Financial Protection Bureau

Elizabeth Warren Claims Consumer Watchdog Russ Vought Wants To Ax Recovered $21 Billion, Says Trump Loves 'Grifters And Scammers'

Sen. Elizabeth Warren (D-Mass.) on Wednesday accused the White House of trying to dismantle the nation's consumer watchdog, seizing on comments from White House budget director Russell Vought that the administration aims to close the Consumer Financial Protection Bureau within months.

Benzinga

Social Security Tax Cap Is Rising Again — What It Means for High Earners in 2026

American workers pay into Social Security through tax withholdings from their paychecks. As the Consumer Financial Protection Bureau (CFPB) explained, the withholdings are listed as FICA (Federal...

GOBankingRates

Exclusive: Democratic senators press big banks after Trump kills consumer protection rule that capped overdraft fees at $5

Sen. Warren (D-Mass.) and other senators sent letters to JPMorgan, Wells Fargo, and other banks about the Consumer Financial Protection Bureau rule.

Fortune

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Marco Rubio Ditches One of His Four Jobs in the Trump Administration Ahead to his Trip To Mexico

The current Secretary of State handed over the responsibility of USAID to Russel Vought, Director of the Office of Management and Budget.

Latin Times

Court lifts block on Trump’s mass firings at top US consumer watchdog

Judge previously blocked president from laying off 1,500 employees at the Consumer Financial Protection Bureau

The Guardian - US

NY attorney general sues Zelle's parent company after Trump administration drops similar case

New York’s attorney general has sued the parent company of the Zelle payment platform, months after the federal Consumer Financial Protection Bureau abandoned a similar case under the Trump administration

The Independent UK

DOGE plans to use AI to identify 50% of 200,000 federal regulations that can be eliminated by Trump

DOGE tool reportedly in use at housing and consumer protection agencies already, with goal of slashing thousands of regulations

The Independent UK

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The Latest: Trump administration orders 2,000 National Guard troops to leave LA, some will remain

President Donald Trump’s administration says it is ending the deployment of 2,000 National Guard troops sent to Los Angeles to support immigration enforcement activities

The Independent UK

Federal judge reverses rule that would have removed medical debt from credit reports

A federal judge in Texas removed a Biden-era finalized ruled by the Consumer Financial Protection Bureau that would have removed medical debt from credit reports

The Independent UK

Capital One, Walmart: A look at some of the consumer cases dropped by the CFPB under Trump

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties doled out against companies during the Biden administration

The Independent UK

Employees at the nation's consumer financial watchdog say it's become toothless under Trump

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration

The Independent UK

Trump's Move To Gut Financial Protection Agency Could Cost Consumers $15 Billion A Year, Say Advocacy Groups

President Donald Trump's bid to dismantle the Consumer Financial Protection Bureau has shifted at least $18 billion in costs onto consumers through higher bank fees and canceled restitution, two advocacy groups said Tuesday.

Benzinga

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

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Kiplinger

How to Be Your Own Consumer Watchdog

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

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

The Independent UK

Federal judge pausing Trump administration's plans for mass layoffs at the CFPB

A federal judge who blocked the Trump administration from dismantling the Consumer Financial Protection Bureau has ruled that the agency can’t go forward immediately with plans to mass fire hundreds of employees

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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

Latin Times

Trump Can Continue Firing Consumer Financial Protection Bureau Staff, Appeals Court Rules

The Trump administration won a partial victory this week in its ongoing quest to dismantle the Consumer Financial Protection Bureau (CFPB).

The Independent UK

House votes to overturn Biden-era rule limiting bank overdraft fees to $5, sends to Trump to sign

The House has voted to overturn a rule that would have limited bank overdraft fees to $5, following the Senate in moving to dismantle the Biden-era regulation that the Consumer Financial Protection Bureau had estimated would save consumers billions of dollars

Capital & Main

With the Destruction of the Consumer Financial Protection Bureau, Fraud Victim ‘Not Hopeful’ He’ll Be Refunded

Agency charged with protecting consumers drops high-profile fraud cases, leaving victims in limbo.

Al Jazeera

Judge blocks Trump effort to shutter Consumer Financial Protection Bureau

The injunction is a setback for Trump, who has sought to streamline the federal government through cuts and layoffs.

The Independent UK

Federal judge blocks Trump from dismantling Consumer Financial Protection Bureau

A federal judge has agreed to block the Trump administration from dismantling the Consumer Financial Protection Bureau

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