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Republicans have long targeted the Consumer Financial Protection Bureau for elimination. It survives, for now, but has ...
The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop chain owner FirstCash Inc and its subsidiaries for alleged violations of the Military Lending Act, the ...
Senate Republicans have proposed cutting the Consumer Financial Protection Bureau’s (CFPB) funding by nearly half. The move is part of President Trump’s “Big Beautiful Bill” and could lead ...
A federal judge ruled that the CFPB can't void its own settlement with Townstone Financial via a rare legal maneuver.
On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving over $3.4 million in alleged illegal advance fees ...
Cara Petersen, the Consumer Financial Protection Bureau’s acting enforcement director, resigned from the agency on Tuesday. In an email to colleagues announcing her decision, Petersen slammed ...
In its motion for a summary judgment in a lawsuit challenging the regulation, the CFPB stated it has concluded that the Section 1033 Rule (Rule) exceeds the agency’s statutory authority to ...
Consumer advocates slam the CFPB for dropping 21 enforcement actions and planning to repeal the Open Banking Rule, raising concerns over transparency.
The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks".
The CFPB’s stated rationale for rescinding the 2021 COVID-19 final rule is twofold. First, it explains that much of the 2021 final rule was intended to be temporary.
The rule sought to limit data brokers from selling personal financial information on consumers such as Social Security numbers and phone numbers. Data brokers profit by selling data. The Consumer Data ...
The Consumer Financial Protection Bureau (CFPB) has canceled major enforcement actions against Toyota and Walmart, including dropping a $60 million settlem ...
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