Trump's CFPB Is in Limbo. Are Consumers Still Protected?
The CFPB dropped a series of lawsuits at the end of February as the Trump administration continues to muzzle the federal government's consumer watchdog. Here's how to protect your finances.
Consumer Financial Protection Bureau payouts in limbo as agency defanged by Trump
Trump's decision to stop work at the agency appears to have halted compensation, according to the Student Borrower Protection Center in Washington.
Consumer watchdog payouts in limbo as agency defanged by Trump administration
The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot of money intended for borrowers allegedly harmed by the student loan servicer Navient sitting in limbo,
Judge wants to hear from top official about consumer watchdog agency's dismantling
A federal judge wants to hear directly from one of the top officials at the Consumer Finance Protection Bureau to learn if the Trump administration is gutting the agency.
Tech experts Trump fired from Consumer Financial Protection Bureau say consumers at risk
U.S. consumers are at greater risk of being exploited by tech giants and financial firms after President Donald Trump fired a team of technologists from the Consumer Financial Protection Bureau (CFPB),
Judge grills Trump administration on efforts to dismantle consumer watchdog
A judge directed pointed questions on Monday at the Trump administration about whether its decision to halt most activity within the Consumer Financial Protection Bureau violated the law. Judge Amy Berman Jackson expressed concern that acting Director Russ Vought’s orders to stop activity at the CFPB,
States look at shoring up consumer protections as Trump hobbles federal watchdog
Illinois state Sen. Mark Walker already was working on legislation to bolster the state's protections for consumers. But now that President Donald Trump has attacked the federal government's consumer watchdog,
Consumer Groups to Defend Bank Overdraft Cap as CFPB Retreats
A pair of consumer groups won their bid to defend the Consumer Financial Protection Bureau’s $5 cap on bank and credit union ...
NerdWallet12d
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
The article below was originally published Feb. 20, after newly installed CFPB leaders halted the agency’s work. The latest updates on changes to the CFPB under the Trump administration can be ...
Politico8d
‘There will continue to be a CFPB’: Trump administration says it won’t shut bureau
“The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” consumer bureau Acting Director Russ Vought said in a motion filed late ...
CNBC5d
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 ...
AZ Central8d
Thousands of consumer complaints unanswered after Trump CFPB purge, Dems say
Elizabeth Warren, D-Mass. The CFPB's Consumer Complaint Program ‒ established in the 2010 Dodd-Frank Act that created the agency ‒ serves as a clearinghouse for consumers to submit complaints ...
CBS News9d
Trump, DOGE work to shutter CFPB, an agency created in response to the 2008 financial crisis
One agency the president wants to expunge is the Consumer Financial Protection Bureau, the CFPB – created to shield Americans from financial fraud and shady lending practices. A DOGE team was ...
Bloomberg L.P.11d
CFPB Agrees to Drop Case Against SoLo Funds as Agency Cuts Back
The CFPB’s case against the Los Angeles-based fintech firm has been ongoing since May 2024. While SoLo Funds brands itself as a third-party platform that connects borrowers to lenders with no ...