CFPB

Judge blocks mass layoffs at CFPB in the latest twist over the fate of the agency

6:43pm April 17, 2025

In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.

Rally To Stop Elon Musk's Closing Of The CFPB

Federal judge prevents Trump administration from dismantling CFPB

6:40pm March 28, 2025

The temporary injunction issued by Judge Berman Jackson seeks to preserve the Consumer Financial Protection Bureau as a lawsuit filed by the agency's union proceeds.

Senate Banking Committee Hears Testimony From Various Nominees For Economic And Housing Positions

The CFPB drops its lawsuit against Capital One, marking a major reversal

7:10pm February 27, 2025

The consumer protection agency also dropped cases against four other companies including Rocket Homes.

Federal judge blocks CFPB from laying off more employees

8:20pm February 14, 2025

The ruling from a federal court in Washington, D.C., is — for now — a reprieve for CFPB staff who had been bracing for mass layoffs as early as Friday.

Senate Banking Committee Holds Nomination Hearing For Russell Vought To Be OMB Director

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'

11:01am February 08, 2025

The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at the consumer finance watchdog and is cutting off new funding.

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work

1:40pm February 03, 2025

The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.

Trump fires chief of the federal consumer watchdog agency

12:34pm February 01, 2025

Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.

New rules will ban medical debt from your credit report

11:17am January 07, 2025

The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.

Apple and Goldman Sachs fined for Apple Card failures

Apple and Goldman Sachs ordered to pay $89 million over Apple Card failures

4:26pm October 23, 2024

Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.

A watchdog group targets payday lenders with a ‘2 strikes’ rule to help borrowers

6:04pm June 28, 2024

by Scott Neuman

The Consumer Financial Protection Bureau is set to move ahead with a long-stalled rule to protect borrowers from repeated attempts to collect loan payments from bank accounts with insufficient funds.