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The Latest Breaking News from The Consumer Financial Protection Bureau

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.

International Business Times

Will Trump kill the CFPB? What you need to know

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.

Cash advance apps: The new loan sharks?

Cash advance apps: The new loan sharks?

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

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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.

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.

International Business Times

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.

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

The Independent UK

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

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.

International Business Times

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

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.

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

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."

International Business Times

Trump will destroy the government agencies that most help working people

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

The Guardian - US

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

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

Biden's crackdown on overdraft fees

Biden's crackdown on overdraft fees

The Consumer Bankers Association is rallying against the regulation

The White House is cracking down on overdraft fees

The White House is cracking down on overdraft fees

The Consumer Financial Protection Bureau is capping the fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration

The Independent UK

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Why the GOP hates this consumer agency

Elon Musk is leading another effort to "delete" the CFPB. It's complicated.

Google sues US Consumer Financial Protection Bureau over federal supervision order for Google Pay

Google is unhappy with its federal supervision order from the Consumer Financial Protection Bureau.

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.

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau

Musk, a confidant of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.

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Musk wants to "delete" CFPB

The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices

Android Central

Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet

Big tech companies ended up creating "critical financial tool," hence why the CFPB wants oversight.

US government agency warns workers of possible Chinese cellphone hacks

Cellphones should not be used for work-related purposes, as CFPB issues warning to staff in aftermath of Salt Typhoon attack against US telecommunications infrastructure.

As regulators circle JPMorgan-owned Zelle it's fraud boss calls for more law enforcement funding to fight scams

The payment platform owned by JPMorgan, Bank of America and Wells Fargo is being investigated by regulators, but says the real solution is more money to law enforcers

The Independent UK

US agency says apps that let workers access paychecks before payday are providing loans

The Consumer Financial Protection Bureau says apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act

Biden Administration advances plan to remove medical debt from credit scores

The Consumer Financial Protection Bureau proposed federal regulations that would prevent unpaid medical bills from being counted on consumers’ credit reports

Biden Administration Aims To Remove Medical Debt Impact

Learn how the Biden administration plans to protect individuals from the impact of medical debt on credit reports and loan assessments.

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