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...
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...