Consumer Finance Watchdog Chief Tells all Staff to Cease Work February 10, 2025 By Douglas Gillison President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on...
Bessent to Be Acting CFPB Head, Pauses Rules and Litigation February 4, 2025 By Saleha Mohsin and Paige Smith Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift...
Trump Fires Biden’s Consumer Protection Watchdog Rohit Chopra February 3, 2025 By Paige Smith and Katanga Johnson Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,...
Consumer Bureau Accuses Rocket Homes of Illegal Kickbacks in Mortgage Scheme December 27, 2024 The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and The...
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...
TD to Pay $28 Million for Sharing Inaccurate US Consumer Data September 13, 2024 By Christine Dobby Toronto-Dominion Bank will pay almost $28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender...
Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers July 11, 2024 Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who...
Despite Consumer Watchdog’s Supreme Court Win, CFPB Powers on Chopping Block May 20, 2024 By John Kruzel The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau—the nation’s consumer finance watchdog—earned plaudits from supporters of robust...
Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort September 11, 2023 By Jody Godoy A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle...
Citizens Financial to Pay $9 Million to Settle Consumer-Protection Lawsuit May 25, 2023 By Paige Smith Citizens Financial Group Inc. will pay $9 million and take other remedial measures to settle US Consumer Financial Protection Bureau...