Consumer Financial Protection Bureau won't be deleted, Trump administration says
The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. After Trump replaced its director with Russell Vought — director of the White House budget office and an author of Project 2025 — work at the CFPB was frozen.
BBB: The Consumer Financial Protection Bureau is shut down. What does this mean for consumers?
The Consumer Financial Protection Bureau is in control of creating rules and taking enforcement actions to protect consumers from unfair, deceptive, or abusive practices by a wide range of financial institutions and businesses.
What’s at stake if Consumer Financial Protection Bureau goes dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the midst of a complete overhaul that could cripple its ability to act as the consumer finance watchdog it was designed to be.
Consumer Protection Bureau drops lawsuits against financial giants
The CFPB's fate has looked grim since Trump took office last month and Thursday's actions confirmed its disassembly.
Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
The Consumer Financial Protection Bureau on Thursday dismissed a trio of enforcement lawsuits undertaken by the previous administration's director. In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One,
Thousands of consumer complaints unanswered after Trump CFPB purge, Dems say
Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from ...
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Wells Fargo clears 10th consent order; 4 remain
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
Chicago employees of kneecapped federal consumer watchdogs beg the public: 'Step in and protect us'
The Consumer Financial Protection Bureau has all but ceased enforcement since the Trump administration ordered employees to ...
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What would dismantling the Consumer Financial Protection Bureau mean for Illinois?
Wells Fargo … those are all much larger than the $10 billion, and they really dominate the industry. Consumer financial protection is only enforced by the Consumer Financial Protection ...
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Wells Fargo sheds fourth consent order in a month
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk ...
Trump fires chief of the federal consumer watchdog agency
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.
CFPB plans to fire nearly all staff and wind down, CNBC reports
The new leadership at the Consumer Financial Protection Bureau plans to fire nearly all of its 1,700 employees while “winding down” the agency, ...
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CFPB nominee McKernan says he will uphold the law
Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to ...