Will the CFPB still function after Federal court backs Trump's plan to lay off nearly 90% of its employees?A federal appeals court has sided with the Trump administration's plan to drastically reduce the CFPB's workforce by over 1,500 employees. ...
15 million Americans just got bad news - Judge reverses rule that would’ve wiped medical debt from credit reportsA federal judge in Texas has overturned a Biden-era rule that aimed to remove medical debt from credit reports, impacting nearly 15 million...
Trump's CFPB rollback has cost Americans $18 billion, consumer groups sayAn analysis by the Student Borrower Protection Center and the Consumer Federation of America reveals that Trump administration's CFPB polic...
Consumer watchdog halts Biden-era Google Payment supervisionThe US Consumer Financial Protection Bureau (CFPB) has dropped its bid to supervise Google Payment Corp, prompting Google to withdraw its r...
JP Morgan boss Jamie Dimon lashes out at Indian-origin ex-US official: 'Chopra, whatever his name is, made life worse for Americans'Jamie Dimon, JPMorgan Chase's CEO, has reiterated his strict stance on in-office work and criticized the CFPB's leadership. In a recent tow...
US consumer finance watchdog workers protest Musk's DOGEWorkers at the U.S. Consumer Finance Protection Bureau protested against Elon Musk's actions and potential threat to the bureau’s security....
One by one, Donald Trump's cabinet is taking over federal agencies; now US Treasury chief Scott Bessent takes over consumer watchdog, freezes all activityDonald Trump's cabinet members are steadily taking over multiple federal agencies, with US Treasury chief Scott Bessent becoming the acting...
Walmart Allegedly Opened Unauthorized Bank Accounts for Over 1 Million Drivers: CFPB Files LawsuitWalmart, alongside fintech firm Branch Messenger, faces serious allegations from the Consumer Financial Protection Bureau (CFPB) for openin...
US regulator places Google Payment under supervision, company suesThe regulator's step and the subsequent lawsuit marked a government tussle with a Silicon Valley behemoth in the final weeks of President J...
This entire federal agency may be slashed by Elon Musk's DOGE, which department is it and what does it do?Recently, it has been known that an entire federal agency might be slashed by the DOGE which is being led by Elon Musk after the new Donald...
US warns banks for charging overdraft fees sans consentFinancial firms that levy overdraft fees for ATM and one-time debit card transactions without proof of consent could be in violation of the...
CFPB presents new financial data sharing rules in competition boostA new proposal for U.S. consumers may simplify moving financial data among service providers. The proposal aims to create competition betwe...
Bank of America to pay more than $100M for doubling fees, opening accounts without customer consentBank of America has been ordered to pay over $100 million to its customers for multiple violations, including double-dipping on some fees, ...
Wells Fargo to pay $3.7 billion over consumer law violationsThe Consumer Financial Protection Bureau on Tuesday ordered Wells to repay $2 billion to consumers and enacted a $1.7 billion penalty again...
US consumer watchdog plans to regulate 'buy-now, pay-later' companiesThe watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector standards with tho...
US consumer watchdog to review Big Tech data, promote lending competitionJust a few weeks into the job, Rohit Chopra made his mark when the CFPB ordered Amazon.com Inc, Apple Inc and Facebook Inc to hand over inf...
Donald Trump vows to bring CFPB back to life with Mick MulvaneyTrump on Friday said he’s naming White House budget director Mick Mulvaney to be the temporary head of the Consumer Financial Protection Bu...