Category: Consumer Financial Protection Bureau

CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.
Struggle Over Americans’ Personal Data Plays Out Across the Government

Employees from Elon Musk’s so-called Department of Government Efficiency are gaining access to vast amounts of information held by federal agencies, even as lawsuits try to stop them.
How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC

The furious pace of deregulation is gutting agencies intended to protect ordinary Americans, consumer advocates say. But business groups have long favored regulatory relief.
Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’

Former officials at the Consumer Financial Protection Bureau said Elon Musk’s payment-business aspirations were driving his efforts to hobble the agency.
Elon Musk’s Oval Office Talk Dispels Doubts About His Power

Dispelling doubts, the billionaire showed off his unprecedented power to disrupt and remake the government — with President Trump’s blessing.
Elon Musk’s Business Empire Scores Benefits Under Trump Shake-Up

Government investigations into Mr. Musk’s companies are stalling from President Trump’s firings and Biden administration resignations.
CFPB Employees Left Stranded and Confused After Stop-Work Orders

Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations

The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.
Russell Vought Orders Consumer Protection Bureau’s Headquarters Closed for a Week

The order to shutter the agency’s headquarters follows another order issued Saturday by Mr. Vought, who also leads the Office of Management and Budget, telling agency employees to halt nearly all their work.
Federal Financial Watchdog Ordered to Cease Activity

In an email to staff of the Consumer Financial Protection Bureau, the agency’s acting director ordered workers to cease “all supervision and examination activity.”
Why Banks May Be Hoping You’re Not Paying Attention

They have no fiduciary duty in many cases and can profit from customers’ confusion. But where’s the line between unsavory and illegal?
Trump Administration Fires Consumer Bureau Chief Rohit Chopra

Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.