President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.

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 ...

Many have been left wondering whether there will be material changes by the Trump administration to the recently released proposed and final ...

President Trump’s newly installed Consumer Financial Protection Bureau chief Russell Vought is closing the bureau’s ...

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 ...

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 July 2011, the Consumer Financial Protection Bureau (CFPB), officially entered service as a federal agency to investigate complaints about credit cards. Since then, it has expanded to ...

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 ...

President Donald Trump’s team has suggested it will be less restrictive in its approach to regulation. Biden’s CFPB director, Rohit Chopra, has refused to announce a resignation date for his exit, ...

More Kevin Lamarque - Pool/Getty Images With his second inaugural speech and the deluge of promised executive orders, Trump put Washington on notice that he plans to move swiftly on several major ...