"If the FDIC is dismantled, all money in our banks would be at risk," Steele said. However, experts point out that for now, ...

A stop-work order from the Consumer Financial Protection Bureau's newly appointed acting director Russell Vought has created uncertainty about the future of consumer-oriented enforcement activity.

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 ...

In his semiannual testimony before the Senate Banking Committee Tuesday, Federal Reserve Chair Jerome Powell said the effective shuttering of the Consumer Financial Protection Bureau leaves no federal ...

Pathways under discussion would attempt to merge the FDIC, OCC without input from Congress.

Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB in a Saturday night email confirmed by The Associated Press to stop work on proposed rules ...

"CFPB RIP," Musk wrote on X on Friday. The Consumer Financial Protection Bureau, a federal agency designed to prevent another financial crisis and protect people from scams, has halted most of its ...

UPDATE: This story was on Feb. 9 and Feb. 11 to include information about closing the CFPB headquarters and the Slate reporting. 1. Stop all supervision activity that has not been approved by the ...

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.

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 ...

Senate Building on January 22 in Washington, DC. The move came after CFPB’s X account, formerly available at @CFPB, appeared to be taken offline—telling users “This account doesn’t exist ...

Musk’s team on Friday entered the headquarters of the CFPB, an agency that the billionaire Donald Trump adviser has personally targeted, according to three people familiar with their actions.