Capital One to Pay $425 Million to Settle Claims Over Savings Accounts May 19, 2025 By Jonathan Stempel Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out...
Toyota Settlement, Walmart Lawsuit Scrapped by CFPB May 14, 2025 By Douglas Gillison The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the...
Federal Judge Orders Halt to Trump Administration Efforts to Dismantle CFPB April 1, 2025 By Douglas Gillison A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle...
Consumer Watchdog Seeks to Vacate Discrimination Case it Already Won March 28, 2025 By Douglas Gillison The top U.S. consumer finance agency on Wednesday asked a court to undo an enforcement case which the watchdog had...
Baltimore Loses Its Bid to Block CFPB Defunding But Another Challenge Is Pending March 17, 2025 By Jonathan Stempel A federal judge in Baltimore on Friday rejected the city’s effort to temporarily block the Consumer Financial Protection Bureau from...
CFPB Drops Suit Against US Banks Over Alleged Fraud on Zelle March 5, 2025 By Paige Smith The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
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...
CFPB Drops Lawsuits Against Capital One, Rocket Unit February 28, 2025 By Paige Smith The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency...
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 Disarray Puts Future Fintech, Bank Oversight Into Question February 10, 2025 By Paige Smith Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest...