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Employees at nation's consumer financial watchdog say it has become toothless under TrumpThe Consumer Financial Protection Bureau faces operational paralysis. Employees are idle due to White House directives. The bureau is undoi...15 Jul, 2025, 05.32 PM IST- 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...24 Jun, 2025, 03.22 PM IST
- Donald Trump's acting CFPB chief halts all supervision of companiesRussell Vought, appointed by President Trump, has halted all activities of the Consumer Financial Protection Bureau and cut its funding. Th...09 Feb, 2025, 11.16 PM IST
- Donald Trump fires consumer bureau director Rohit Chopra, source saysRohit Chopra, head of the Consumer Financial Protection Bureau (CFPB), resigned following his firing by President Trump. His tenure was mar...01 Feb, 2025, 10.15 PM IST
- Regulation, deals and crypto: Fintech themes to watch in 2025The bankruptcy of banking-as-a-service startup Synapse Financial Technologies left thousands of fintech customers without access to funds h...01 Jan, 2025, 08.14 PM IST
- 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...24 Dec, 2024, 09.26 PM IST
- Walmart vs US Government: Why has lawsuit been filed by US consumer finance watchdog?US government's suit alleges Walmart and Branch incorrectly told drivers they would have instant access to their wages when in reality they...23 Dec, 2024, 09.48 PM IST
- Elon Musk and Vivek Ramaswamy reveal DOGE's hidden expiry date: What’s the catch?The Department of Government Efficiency (DOGE), created by President Trump and co-led by Elon Musk and Vivek Ramaswamy, has set a deadline ...04 Dec, 2024, 08.19 PM IST
- 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...28 Nov, 2024, 08.46 PM IST
- 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...18 Sep, 2024, 06.00 AM IST
- Payments app Zelle begins refunds for imposter scams after Washington pressureThe 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase and Bank of America, began reversi...13 Nov, 2023, 11.56 AM IST
- US consumer watchdog warns no more 'rubber stamp' for bank mergersU.S. lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators ...20 Jul, 2023, 10.12 AM IST
- 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, ...11 Jul, 2023, 07.23 PM IST
- Money stored in Venmo, other payment apps could be vulnerable, warns financial watchdogThe alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank ...02 Jun, 2023, 03.14 PM IST
- Why Wells Fargo told to pay $3.7 billion in settlement? Details hereAccording to the Consumer Financial Protection Bureau, Wells Fargo was required to pay $1.7 billion in civil fines and nearly $2 billion in...20 Dec, 2022, 10.21 PM IST
- 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...15 Sep, 2022, 04.06 PM IST
- What a Joe Biden win could mean for financial policyA Biden administration would likely halt the Trump plan to release housing finance giants Fannie Mae and Freddie Mac from government contro...20 Oct, 2020, 10.57 AM IST
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