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The Latest Breaking News from Consumer Financial Protection Bureau

Workers at top US consumer watchdog sound warning as Trump bids to gut agency

Staff tell Guardian ripped-off Americans will have ‘nowhere to turn’ if Consumer Financial Protection Bureau is undone

The Guardian - US

With the Destruction of the Consumer Financial Protection Bureau, Fraud Victim ‘Not Hopeful’ He’ll Be Refunded

Agency charged with protecting consumers drops high-profile fraud cases, leaving victims in limbo.

Capital & Main

What the House's Vote to Repeal CFPB Bank Overdraft Fees Cap Means For You

The Senate and House voted to overturn the Consumer Financial Protection Bureau's cap on bank overdraft fees. Here's what you need to know.

Kiplinger

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

Consumer protections are cut. Now what?

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

Salon

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

Trump Administration Orders Shutdown Of Consumer Financial Protection Bureau

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

Top News

Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge

The Independent UK

CFPB's Future Uncertain: Bankers Anticipate Changes Under Trump Administration

Although the open banking regulation of the Consumer Financial Protection Bureau (CFPB) is intended to safeguard consumer rights, bankers anticipate changes under the Trump administration, which might curtail the agency's authority.

International Business Times

Jarkesy Should Not Have Been So Easy For Justice Barrett

There are tensions between Jarkesy, CFPB, and Vidal.

Reason

Supreme Court upholds financial agency's 'novel' funding structure - Roll Call

The Supreme Court upheld the funding structure for the Consumer Financial Protection Bureau on Thursday as constitutional.

Roll Call

Stocks Push Higher on Strength in Chip Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.43%. Stocks this morning are modestly higher, with the Dow...

Barchart

Chevron meets ESG

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

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Roll Call

Supreme Court to hear arguments on funding for financial protection agency - Roll Call

The Biden administration wants justices to overturn a ruling that invalidated the Consumer Financial Protection Bureau's funding structure.

Tribune News Service

Senators, CFPB director spar over proposed credit card fee limit

WASHINGTON — Consumer Financial Protection Bureau Director Rohit Chopra on Tuesday defended the agency’s proposal to lower credit card late fees against criticism from Republicans at a Senate Banking hearing.

Roll Call

Senators, CFPB’s Chopra spar over proposed credit card fee limit - Roll Call

Consumer Financial Protection Bureau Director Rohit Chopra defended a proposal to lower credit card late fees against GOP criticism.

Ballotpedia

SCOTUS takes up Chevron

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Ballotpedia

Second Circuit weighs in on CFPB funding structure

Chicago Sun-Times

Protect consumers by safeguarding the Consumer Financial Protection Bureau

It’s important the U.S. Supreme Court puts aside its politics and gets a ruling right on a case challenging the CFPB.

Reason

Congress Should Not Give Any Government Agency Financial Free Rein

Lawmakers should proactively retake the power of the purse from the Consumer Financial Protection Bureau, regardless of how the Supreme Court rules.

Tribune News Service

News briefs

Supreme Court to decide fate of Obama-era Consumer Financial Protection Bureau

WEKU

Supreme Court to hear case that threatens existence of consumer protection agency

At issue is how the CFPB is funded: It gets its money from the Federal Reserve, which in turn is funded by bank fees, and not through congressional appropriations.

Los Angeles Times

Supreme Court to decide fate of Obama-era Consumer Financial Protection Bureau

WASHINGTON — The Supreme Court agreed Monday to decide on the constitutionality of the Consumer Financial Protection Bureau, created in the wake of the 2008 Wall Street collapse and funded directly by the Federal Reserve.

Axios

Supreme Court will consider constitutionality of CFPB

This case may be the most serious challenge yet to the decade-plus-old agency.

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