The sudden halt to CFPB's works leaves much of consumer finance, from mortgage companies to payment apps, unsupervised.

Just last month, the CFPB had accused Capital One of failing to pay more than $2 billion in interest to customers by misleading them into thinking they would be getting higher rates. Capital One ...

As a watchdog agency, the Consumer Financial Protection Bureau, or CFPB, is tasked with protecting consumers from financial fraud and shady lending practices. Musk has criticized the agency ...

“The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” consumer bureau Acting Director Russ Vought said in a motion filed late ...

In voluntary dismissals filed on Thursday, the CFPB dropped lawsuits it had brought against Capital One, Rocket Homes, Vanderbilt Mortgage and Finance, owned by Warren Buffett’s Berkshire ...

The article below was originally published Feb. 20, after newly installed CFPB leaders halted the agency’s work. The latest updates on changes to the CFPB under the Trump administration can be ...

But much of the ire is aimed at Russ Vought, the Office of Management and Budget director and the acting CFPB director. Predictably, a federal employees union quickly sued to stop the Trump ...

One agency the president wants to expunge is the Consumer Financial Protection Bureau, the CFPB – created to shield Americans from financial fraud and shady lending practices. A DOGE team was ...

"Eliminating the CFPB will hurt everyday people and benefit billionaires like Elon Musk and his friends," James said Thursday. "The CFPB has put billions of dollars back in the pockets of ...

Since it started to hire technologists in 2022, the CFPB has issued several multi-million dollar payment orders against financial technology companies including Wise, formerly TransferWise ...