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The Latest Breaking News from The Consumer Financial Protection Bureau

Dozens Of CFPB Probationary Employees Terminated Amid Agency Paralysis

CFPB faces turmoil as probationary employees terminated, operations halted, and resignations occur.

Top News

How Musk uses sexism to scam MAGA men

How to sell MAGA men a pro-scam agenda? Tell them a woman founded the Consumer Financial Protection Bureau

Salon

Trump Team Orders Work Pause At US Consumer Protection Agency

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP. The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial…

International Business Times

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Consumer Financial Protection Bureau Headquarters Shut Down: 'Employees Should Not Come Into The Office'

The Consumer Financial Protection Bureau (CFPB) has abruptly closed its Washington headquarters, ordering staff to work remotely without explanation.

International Business Times

'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

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

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

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Cash advance apps: The new loan sharks?

The Federal Trade Commission has cracked down on the apps, saying they mislead consumers

Salon

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

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

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

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

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

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

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International Business Times

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."

The Guardian - US

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

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

Biden's crackdown on overdraft fees

The Consumer Bankers Association is rallying against the regulation

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The Independent UK

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

Why the GOP hates this consumer agency

Elon Musk is leading another effort to "delete" the CFPB. It's complicated.

TechRadar

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

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

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

Musk wants to "delete" CFPB

The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices

Android Central

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.

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