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The Latest Breaking News from CFPB

Trump's Halt On CFPB Raises Big Concerns: Will Key Consumer Protections Survive?

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

International Business Times

If your bank rips you off, the Consumer Financial Protection Bureau gets your money back. Elon Musk is killing it

The CFPB has returned more than $17 billion to Americans — and dozens of its workers were laid off on Tuesday night

The Independent UK

How Elon Musk could benefit from destroying the Consumer Financial Protection Bureau

‘This is like a bank robber trying to fire the cops and turn off the alarms before he strolls in the lobby,’ Elizabeth Warren says

The Independent UK

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Trump Wants to Shut Down the CFPB: Why Retirees Should Care

The Consumer Financial Protection Bureau has done a lot to protect consumers, including retirees, since its inception nearly fourteen years ago.

Kiplinger

Trump's choice to lead CFPB, McKernan, left FDIC Monday - Roll Call

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

Roll Call

What does having the Consumer Financial Protection Bureau on hold mean for consumers?

The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration

The Independent UK

Dozens Of CFPB Probationary Employees Terminated Amid Agency Paralysis

CFPB faces turmoil as probationary employees terminated, operations halted, and resignations occur.

Top News

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How Musk uses sexism to scam MAGA men

How to sell MAGA men a pro-scam agenda? Tell them a woman founded the Consumer Financial Protection Bureau

Salon

US Fed Chair Says In No Rush To Tweak Interest Rate Policy

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

International Business Times

Sen. Elizabeth Warren Warns On Consumer Financial Protection Bureau Cuts: 'Let The Scams Begin'

Sen. Elizabeth Warren says there are "zero cops" overseeing the consumer lending market after the CFPB headquarters were shuttered and workers told to stay home.

International Business Times

CFPB Officials Resign Amid Orders To Stand Down

Resignations of high-ranking officials at CFPB raise concerns about consumer protection efforts and future operations at the bureau.

Top News

Elon Musk, Crypto Leaders Laud 'Unplugging' Of CFPB, Critics Push Back

Elon Musk and some crypto executives celebrated the Trump government's work on shutting down the CFPB, raising questions among other crypto users and X commenters about whether they actually cared about the financial welfare of Americans.

International Business Times

Trump Blasts 'Pocahontas' Sen. Warren, Says Reporter Has 'More Indian Blood Than She Has'

Donald Trump on Monday revived talks around Sen. Elizabeth Warren's Native American ancestry, calling the Democratic lawmaker a "fake," and accusing her of using the CFPB to "go around and destroy people."

International Business Times

President Trump's Removal Letter of NLRB Member Gwynne Wilcox

The President did offer some potential causes for removal.

Reason

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Top News

President Trump Aims To Eliminate Consumer Financial Protection Bureau

President Trump reiterates his goal to eliminate the CFPB, raising questions about its future and operational status.

International Business Times

Union Sues Over US Consumer Protection Agency Work Pause

The National Treasury Employees Union brought two court cases against acting CFPB director Russell Vought, accusing him of trying to shut down the agency -- which was created by Congress -- and of giving the Elon Musk-led Department of Government Efficiency (DOGE) access to employees' personal information.

The Independent UK

These federal workers fear ‘blackmail’ in wake of DOGE access to their personal info

There are “no known security constraints and zero oversight” preventing Elon Musk’s callow crew from obtaining and disseminating highly sensitive personnel data, according to a lawsuit the employees’ union filed Sunday

International Business Times

Trump Team Orders Work Pause At US Consumer Protection Agency

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP. The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial…

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Salon

Vought moves to kill CFPB

In an email sent Monday, OMB Director Russ Vought told CFBP staff to stay home and stop working

International Business Times

Consumer Financial Protection Bureau Headquarters Shut Down: 'Employees Should Not Come Into The Office'

The Consumer Financial Protection Bureau (CFPB) has abruptly closed its Washington headquarters, ordering staff to work remotely without explanation.

Top News

CFPB Director Orders Staff To Stop Working Completely

Acting CFPB director's directive to halt work activities raises concerns about consumer protection and financial oversight.

Reason

California Teachers Make 6 Figures on Average. Now They Demand More.

Plus: Steel and aluminum tariffs, Venezuelan sanctions and deportations, and more...

Top News

Elon Musk's Growing Influence On Government Agencies

Elon Musk's influence on government agencies like the CFPB raises concerns about accountability and consumer protection.

Top News

Trump Administration Orders Shutdown Of Consumer Financial Protection Bureau

Trump administration directs CFPB to halt operations, raising concerns about consumer protection efforts.

Fortune

Plaid has boomed since its failed $5.3 billion Visa merger. Now its CEO is predicting a fintech summer

How will the chaotic environment in D.C. impact the financial technology sector?

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