Treasury Secretary Scott Bessent called for a halt on most of the CFPB's work. It could impact rules on overdraft fees, ...

Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s ...

The CFPB protects consumers by analyzing the practices of large financial institutions like banks, lenders, credit unions, and debt collectors to ensure they are not improperly targeting consumers.

Under Chopra, the CFPB approved rules to cap overdraft fees by banks, limit junk fees, and has proposed restrictions on data brokers selling personal information such as Social Security numbers.

This puts the CFPB's work on capping overdraft fees and cracking down on medical bills into limbo. A promised cap on overdraft fees and a ban on including medical debt on credit reports have been ...

UPDATE: This story was updated Sunday night to include the news that the CFPB headquarters has been ordered closed this week. 1. Stop all supervision activity that has not been approved by the ...

Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C. Photo: Getty Images About 100 workers at the U.S. Consumer Financial Protection Bureau protested outside the agency’s ...

Two days after DOGE head Elon Musk posted “CFPB RIP” on X, employees of the Consumer Financial Protection Bureau headquarters in Washington, DC were told via email today to work remotely next ...

The move came after CFPB’s X account ... new regulations to address predatory lending and credit card and banking fees. “Vought is giving big banks and giant corporations the green light ...

What Can't The CFPB Do Now? In recent years, the CFPB has cracked down on overdraft fees charged by banks and helped erase medical debt from credit reports. Vought's orders said that the CFPB ...