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The Latest Breaking News from CFPB

CFPB drops Zelle fraud lawsuit

The lawsuit, filed under the Biden administration, alleged the banks failed to investigate cases of fraud

Salon

Senate Banking backs McKernan’s nomination for CFPB director - Roll Call

The Senate Banking Committee backed a nominee to lead the Consumer Financial Protection Bureau who has pledged to keep the agency open.

Roll Call

Consumer protections are cut. Now what?

Without the Consumer Financial Protection Bureau, new platforms and services may escape a regulatory eye

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Fortune

States look to bolster consumer protection as Trump promises tariffs and trade war

Officials warn that the closing of the Consumer Financial Protection Bureau will have dire effects on vulnerable consumers including veterans and the elderly

The Independent UK

What the Supreme Court Said about Dellinger v. Trump in Seila Law v. CFPB

A district court judge has concluded that President Trump cannot remove the head of the Office of Special Counsel without cause. Supreme Court review is inevitable.

Reason

Consumer Watchdog Drops Legal Actions Against Firms Accused Of Financial Crimes, Including Capital One

The move came as Jonathan McKernan, nominated to head the CFPB, testified before the Senate during his confirmation hearing.

International Business Times

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The CFPB drops its enforcement lawsuits against Capital One, Rocket Homes and more

The Consumer Finance Protection Bureau has dropped several enforcement actions against companies like Capital One and Rocket Homes, just weeks under new leadership and turmoil at the agency caused by orders from Trump administration

The Independent UK

Trump admin: CFPB won't be deleted

The agency appears to be in the process of being defanged instead of being shut down

Salon

CFPB nominee promises to keep agency open but downsize it - Roll Call

The nominee to lead the CFPB told senators Thursday he would keep the agency open but also reduce its size.

Roll Call

How the Trump admin transformed the U.S. into the financial Wild West in a matter of weeks

America’s sad departure from its position as anti-corruption king will have seismic effects.

Fortune

Elon Musk’s conflicts of interest ‘should scare every American’, experts say

Doge’s work allows Musk to keep control of companies with billions in federal contracts as he guts government agencies

The Guardian - US

US economy ‘less safe’, experts say, as Trump hobbles consumer watchdog

Former officials say Americans more likely to be ripped off and scammed as CFPB targeted by Musk ‘efficency’ blitz

The Guardian - US

Judge Ho's Decision To Appoint Paul Clement In United States v. Adams (Updated)

This decision may not pan out for the court.

Reason

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Fortune

Americans now view Elon Musk and DOGE far less favorably than the programs DOGE is slashing, poll shows

In court, the administration says Musk isn’t in charge. Donald Trump just said the opposite.

Reason

How To Recover From Debanking

Thousands of people have lost their bank accounts over "suspicious" activity. Here's what to do if it happens to you.

Reason

How the CFPB's Medical Debt Rule Could Backfire

Scrubbing credit reports won’t erase debt—it will just make borrowing harder for low-income Americans.

Reason

Trump Has Good Reason To Complain About Limits on His Ability To Fire Executive Officers

His position is grounded in concerns about the separation of powers that presidents of both major parties have raised for many years.

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Top News

Former CFPB Official Warns Of Imminent Data Destruction Risk

Former CFPB official raises concerns over potential destruction of critical records, impacting consumer protection and financial stability.

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