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The Latest Breaking News from Rohit Chopra

Employees at the nation's consumer financial watchdog say it's become toothless under Trump

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration

The Independent UK

Zohran Mamdani’s New York primary win sparks the ire of Modi’s supporters

Experts say Mamdani, a mayoral candidate, has attracted criticism on the Hindu right for his faith and outspoken views.

Al Jazeera

CFPB drops mobile-home loan lawsuit

The federal agency alleged Vanderbilt Mortgage knew borrowers couldn't repay their loans

Salon

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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 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

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

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

Consumer Financial Protection Bureau has been a target of Republicans for years

The Independent UK

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Consumer agency is latest Trump purge

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

Salon

Treasury Secretary Bessent Named Acting Director Of CFPB

Scott Bessent appointed as acting director of CFPB following Chopra's termination. Analysts speculate on potential shifts in agency's approach under new le...

Top News

The CFPB is investigating credit card interest rates

The CFPB is investigating credit APRs, and it wants consumers to comment on their rates, terms, and conditions.

Fortune

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Fortune

Block agrees to pay $120 million in refunds to resolve Cash App fraud

The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.

International Business Times

Capital One Accused Of Cheating Consumers Out Of $2 Billion In Interest Earnings

The Consumer Financial Protection Bureau announced Tuesday that it has filed a lawsuit against Capital One Bank for misleading customers about their savings account interest rates.

Roll Call

Biden administration finalizes rule on medical debt - Roll Call

The CFPB estimates $49 billion in medical bills will be removed from the credit reports of 15 million Americans under a new rule.

International Business Times

Walmart Forced A Million Workers To Use Bank Accounts With Expensive 'Junk Fees' To Receive Paychecks: Feds

The Consumer Financial Protection Bureau has filed a lawsuit against Walmart and financial services company Branch over employee accounts with expensive fees.

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Latin Times

Walmart Forced a Million Workers to Use Bank Accounts with Expensive 'Junk Fees' to Receive Paycheck or Risk Losing Job: Lawsuit

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against U.S. retailer Walmart and financial services company Branch after it was reported that the former unlawfully opened Branch accounts with expensive deposit fees on behalf of its employees.

International Business Times

JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for fraudsters."

The Guardian - US

Trump will destroy the government agencies that most help working people

For all its supposed ‘populism’, the new administration will probably target offices that protect consumers

Tom’s Guide

New rule would make it much harder for data brokers to sell your personal info

The Consumer Financial Protection Bureau hopes to regulate data brokers the same way it does credit bureaus and background check companies.

International Business Times

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.

Fortune

At the country’s biggest fintech conference, the U.S. election is the elephant in the room

CFPB’s Chopra gets rockstar welcome at Money20/20 just days after finalizing open banking rule

Al Jazeera

US election: Why is Kamala Harris losing Indian American voters?

She could become the Indian American president. So why is she bleeding votes – to Trump’s advantage?

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People

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