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The Latest Breaking News from CFPB

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

Consumer Financial Protection Bureau has been a target of Republicans for years

The Independent UK

Consumer agency is latest Trump purge

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

Salon

Treasury Secretary Bessent Named Acting Director Of CFPB

Scott Bessent appointed as acting director of CFPB following Chopra's termination. Analysts speculate on potential shifts in agency's approach under new le...

Top News

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Chopra's CFPB exit comes as lawmakers mull changes to its structure - Roll Call

The departure of the CFPB director comes as congressional Republicans look at changes to the agency and Democrats defend it.

Roll Call

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

Consumer Financial Protection Bureau Director Rohit Chopra Steps Down

Rohit Chopra resigns as CFPB Director, sparking discussions on agency's future direction and next leader. CFPB faces transition period amidst evolving fina...

Top News

Trump firings tee up broader legal clash over congressional power - Roll Call

President Donald Trump’s firings sets up another major legal clash over Congress’ power to put limits on the removal of federal officials.

Roll Call

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Abolish the CFPB

This rogue agency stifles innovation, drives up costs, and infantilizes consumers—all while operating without accountability.

Reason

Trump's Surprising Decision To Keep Consumer Watchdog In Place

Rohit Chopra's unexpected retention as head of CFPB under Trump administration raises speculation and anticipation.

Top News

The CFPB is investigating credit card interest rates

The CFPB is investigating credit APRs, and it wants consumers to comment on their rates, terms, and conditions.

Fortune

CFPB Director Rohit Chopra's Job Status Uncertain Under Trump

CFPB director Chopra faces uncertainty under Trump administration amidst consumer-focused initiatives. Balancing pro-business agenda with consumer protecti...

Top News

Trump's Tech Love Affair Won't Last

Let's enjoy it while we can?

Reason

Banking giant Capital One restores service after days-long blackout

Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a lawsuit from CFPB.

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.

Fortune

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Fortune

With Trump 2.0, the balance of power shifts from banks to Silicon Valley

What the new administration could mean for financial technology—and beyond.

Fortune

SEC enforcement blitz targets 7 financial firms as Biden administration winds down

The SEC disclosed 7 actions against alleged misbehavior with only three days left for the Biden administration.

Fortune

Equifax slapped with $15 Million fine: Is your credit report at risk?

The CFPB cited Equifax’s failure to investigate disputes and resolve errors as part of its crackdown on credit reporting.

Reason

Regulation, Prohibition, and Litigation: Joe Biden's Busy Lame-Duck Period

Why should an unpopular president shape so much policy on his way out?

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news in one place.

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Fortune

Got a Capital One savings account? Here's what to do

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

International Business Times UK

Capital One Banking Outage Could Delay Some US Paychecks: When Will It Be Fixed?

Capital One customers faced significant disruptions Thursday due to a widespread outage impacting online banking services.

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

Cash App Owner Hit With Over $100M Fine For Fraud And Customer Service Issues

The U.S. Consumer Financial Protection Bureau found that Block, which is owned by Twitter founder, Jack Dorsey, failed to give adequate customer service–including the absence of live telephone agents–for customers to get assistance.

International Business Times

Buy Now, Pay Later: The Debt Trap You Didn't See Coming

Those who opt for BNPL actually have more debts than those who steer clear of this scheme.

Fortune

Overdraft fees could be capped at $5 thanks to a new CFPB rule

The CFPB has been fighting “junk fees” for years, but whether the ruling will stick has yet to be seen.

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.

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