American Banker1h
Powell: CFPB shutdown creates consumer oversight gaps
In his semiannual testimony before the Senate Banking Committee Tuesday, Federal Reserve Chair Jerome Powell said the effective shuttering of the Consumer Financial Protection Bureau leaves no federal ...
With the CFPB Being Dismantled, Who's Policing The Big Banks?
With the government's consumer watchdog agency off the job on the orders of President Donald Trump, Democratic lawmakers are ...
Top CFPB officials resign, in latest upheaval at the agency
Assistant Director for the Office of Enforcement Eric Halperin and Assistant Director for Supervision Policy Lorelei Salas ...
Two top consumer bureau officials resign after Trump admin halts work
Two top officials at the Consumer Financial Protection Bureau (CFPB) resigned Tuesday, after the agency’s acting director ...
CFPB heads for supervision, enforcement announce resignations after stop-work order
Two senior leaders at the Consumer Financial Protection Bureau announced their resignations Tuesday the day after acting director Russell Vought instructed all staff to cease working. This story is ...
Trump 2nd term live updates: Trump says Palestinians wouldn't have right to return to Gaza under US takeover plan
As President Donald Trump's second administration continued its effort to swiftly reshape the federal government, the president was expected early this week to discuss imposing 25% tariffs on imports ...
NPR Illinois2d
New CFPB chief closes headquarters, tells all staff they must work remotely for the week
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.
The American Spectator7d
Trump Was Right About California Wildfires
Oscar Murdock, my sainted father, does not wear his heart on his sleeve. At age 92, he is beyond such sentimentality. Instead, every day, he affixes a ...
Morningstar14d
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed
In 2022, the CFPB said it spotted violations across some of Wells Fargo's consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had improperly ...
CNBC14d
Credit card late fees cost Americans billions a year — now they're capped at $8
On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...
CNET18d
Cash App Customers Could Get a Refund for Fraud Protection Failures After CFPB Ruling
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...
Yahoo Finance21d
Will Trump kill the CFPB? The bureau’s future is unclear under the new administration
As the Trump administration prepared to take power in Washington, D.C., the Consumer Financial Protection Bureau (CFPB) wasted no time. In the two months leading up to the inauguration ...