CFPB Data Imperiled by Cybersecurity Contract Cancellation, Ex-Official Says March 3, 2025 By Jamie Tarabay The cancellation of nearly three-dozen cybersecurity contracts at the US Consumer Financial Protection Bureau endangers the security of sensitive data...
Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo February 13, 2025 By Douglas Gillison, Pete Schroeder, Nupur Anand and Hannah Lang At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop...
CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones January 17, 2025 Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for...
CFPB Sues Walmart, Fintech for Illegally Opening Accounts December 23, 2024 By Paige Smith Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s...
CFPB Claims Supervision Over Google Unit, Which Promptly Sues December 9, 2024 The Consumer Financial Protection Bureau said it’s claiming supervisory authority over Google Payment Corp., as the agency extends its oversight...
Supreme Court ‘Buckets of Money’ Case Targets Power of SEC’s Administrative Judges April 24, 2018 By Greg Stohr The U.S. Supreme Court considered bolstering the president’s power over federal agencies in a clash over the constitutional status of...
Consumer Bureau Wants Full Court Review of Sole Directorship November 22, 2016 The U.S. Consumer Financial Protection Bureau late on Friday asked the entire U.S. Court of Appeals for the District of...
Court Limits Director’s Power But Lets U.S. Consumer Protection Bureau Survive October 12, 2016 By Andrew Harris, Bloomberg and Elizabeth Dexheimer The Consumer Financial Protection Bureau survived a constitutional challenge and will remain in business, though a federal appeals court took...
Consumer Agency Seeks to Limit Financial Firms’ Arbitration Clauses October 7, 2015 By Sarah N. Lynch Banks and credit card companies may not force customers to sign away their legal rights to take part in class...
U.S. Consumer Bureau Moves to Restrict Mandatory Arbitration Clauses March 10, 2015 By Carter Dougherty Financial companies routinely use mandatory arbitration to block class-action lawsuits, making it difficult for consumers to win big payouts in...