The Trump administration is planning to hollow out the Consumer Financial Protection Bureau (CFPB) by firing 95% of its staff while canceling the lease on its Washington, D.C., headquarters, according ...

The Consumer Financial Protection Bureau (CFPB) has hit U.K.-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions ...

On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in "take it or leave it" consumer contracts that purport ...

Since Oct. 1, the CFPB has issued six proposed rules and four final rules, and filed or issued no fewer than 20 lawsuits and enforcement actions, according to Crane. “That’s just a lot of activity in ...

Wise violated the CFPB’s remittance and prepaid card rules, the agency said. At least 16,000 Wise customers were overcharged due ...

On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule limiting the penalty for late payment to $8 per incident, down from an industry average of $32. It is expected to ...

In 2022, the CFPB said it spotted violations across some of Wells Fargo's consumer product lines, leading to billions of dollars in financial harm. The agency alleged that the bank had improperly ...

An estimated 15 million Americans are saddled with medical debt on their credit reports. The CFPB said it expects the rule will lead to the approval of about 22,000 more affordable mortgages every ...

The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million ...

As the Trump administration prepared to take power in Washington, D.C., the Consumer Financial Protection Bureau (CFPB) wasted no time. In the two months leading up to the inauguration ...