CFPB employees say mass firing plans remain in place
Two employees of the Consumer Financial Protection Bureau (CFPB) testified Tuesday that top officials’ plans to fire hundreds of workers remain intact, as a federal judge weighs whether to ...
Roll Call14d
CFPB nominee promises to keep agency open but downsize it
Jonathan McKernan, who has been tapped by President Donald Trump to become the next director of the Consumer Financial Protection Bureau, promised lawmakers Thursday he would not preside over ...
CFPB’s signage came down last week, but its logo visualizes transparency
Ideo originally branded the agency to communicate its transparency. Now it’s facing an attempted takedown. It’s lights out ...
Roll Call29d
Trump’s choice to lead CFPB, McKernan, left FDIC Monday
Trump tapped McKernan, a former director at the Federal Deposit Insurance Corporation, for a five-year term at the helm of the CFPB. The nomination may suggest the administration is seeking to ...
U.S. News & World Report29d
Should You Be Worried About the CFPB Halt? Here's What It Means for Banking
Major CFPB cases are in limbo, including lawsuits against Capital One and Walmart. With fewer regulatory constraints, banks and lenders may adjust their fee structures and lending policies ...
NBC News13d
Trump administration and Musk's DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
In a trove of statements released late Thursday, federal employees said that the mass layoff was discussed in meetings they attended this month with senior CFPB leaders and members of Elon Musk ...
RealClearPolitics28d
DOGE Is Right To Defang the CFPB
Consumers will be better off without the CFPB breathing down the neck of American companies. Since the inauguration of President Trump, the CFPB’s temporary leadership put an immediate halt on ...
Forbes6d
The Dismantling Of Consumer Protections: What It Means For You
The abrupt firing of Rohit Chopra, Consumer Financial Protection Bureau (CFPB) Director on February 1 and the swift appointment of Scott Bessent on February 3 have set in motion the rapid ...
Politico27d
Judge temporarily halts mass firings at CFPB, preserves agency data
U.S. District Judge Amy Berman Jackson blocked the CFPB from terminating additional employees after the Trump administration this week fired dozens of agency workers, including an entire team of ...
Inc29d
Here’s What CFPB Hold Means for Consumers
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters. Photo: Getty Images The Consumer Financial Protection Bureau, which Congress established to monitor credit card ...
Bloomberg L.P.20d
CFPB Agrees to Drop Case Against SoLo Funds as Agency Cuts Back
The CFPB’s case against the Los Angeles-based fintech firm has been ongoing since May 2024. While SoLo Funds brands itself as a third-party platform that connects borrowers to lenders with no ...