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The Latest Breaking News from The Consumer Financial Protection Bureau

Elon Musk's dream to make Twitter/X a financial site could be closer to reality after Senate hobbles CFPB powers

Social media site hopes to get into the payments business.

Fortune

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

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

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Trump admin: CFPB won't be deleted

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

Salon

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

Federal Worker Fired Under DOGE Purge: 'We're Under Attack by Billionaires'

In a sweeping wave of layoffs, thousands of federal workers, including employees at the Consumer Financial Protection Bureau (CFPB), Department of Education and Department of Veterans Affairs, have been abruptly terminated.

Latin Times

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

The Consumer Financial Protection Bureau is in the crosshairs of a White House that has halted its work, closed its headquarters and fired dozens of its workers

The Independent UK

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The 5 Worst Things About the Consumer Financial Protection Bureau

The agency—an unelected regulator with a blank check—has spent much of its short life making things harder for the consumers it set out to protect.

Reason

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

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

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

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

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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…

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.

International Business Times

'CFPB RIP!' Russell Vought Halts Key Bureau Activities

The agency's website displays an error message, and its X account has also been removed.

International Business Times

Trump Fires Director of Consumer Financial Protection Bureau Who Sued Nation's Biggest Banks

Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB), was abruptly fired by President Donald Trump Saturday morning.

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Fortune

Will Trump kill the CFPB? What you need to know

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

Salon

Cash advance apps: The new loan sharks?

The Federal Trade Commission has cracked down on the apps, saying they mislead consumers

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.

Al Jazeera

US bans medical debt from credit reports as Biden nears exit

Consumer Financial Protection Bureau says change will strike $49bn in medical debt from credit reports.

The Independent UK

Walmart accused of illegally forcing over 1 million of its drivers to open bank accounts

Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to present their case

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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