What Cuts to the CFPB Could Mean For Consumers
The CFP also prosecutes companies that it says fail to protect consumers. In December, it filed a lawsuit against the operator of Zelle and three of the nation’s largest banks for allegedly failing to safeguard consumers from fraud. In January, it sued the credit reporting agency Experian for allegedly failing to investigate consumer disputes .
Here’s What CFPB Hold Means for Consumers
The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry, is the latest U.S. government agency to have its work halted by the Trump administration.
What's at stake for consumers as Trump officials target the CFPB
The Consumer Financial Protection Bureau’s recent rules on overdraft and credit card late fees are in jeopardy, while others face an uncertain future.
Trump CFPB Pick McKernan to Lead Agency Targeted for Shutdown
President Donald Trump’s nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau brought some relief to industry and consumer advocates hoping for a stable agency, but the watchdog’s future still hangs in the balance following nearly two weeks of attacks.
Will Trump Axe the CFPB? What Consumers Should Know
Time will tell what Trump has in store for the CFPB. For now, consumers can still access the bureau’s many educational resources and file a complaint if they’d like, but given the acting director’s recent order, don’t expect a response any time soon.
Trump wants to shut the CFPB. So what does this consumer agency do?
President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.
Protect consumers by preserving the CFPB
The Consumer Financial Protection Bureau, created after the Great Recession, shouldn’t be dismantled.
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Gutting the CFPB Could Leave You More Vulnerable to Financial Fraud. Here's Why
The CFPB emerged in the wake of the 2008 financial crisis with the mission of "enforcing federal consumer financial laws and ...
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CFPB agrees to temporarily halt medical debt rule
The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement ...
From credit cards to medical debt: What may happen to some key consumer protection rules under Trump
The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now ...
Trump Nominates Jonathan McKernan to Lead CFPB Amid Agency Overhaul
President Trump's nomination of Jonathan McKernan as CFPB director signals a potential shift in the agency's regulatory ...
CFPB Shutdown Leaves Consumers Vulnerable - Legal Action is Now the Best Defense
With the CFPB shut down, banks and lenders now face no federal oversight, putting homeowners and consumers at risk of foreclosure, fraud, and ...
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CFPB Bites of the Month - 2024 Annual Review - Debt Collection
But it's worth remembering that it was Director Kraninger's CFPB that issued final Regulation F, the rule interpreting the Fair Debt Collection Practices Act. In short, the change in the ...