The sudden halt to CFPB's works leaves much of consumer finance, from mortgage companies to payment apps, unsupervised.

As the Trump administration hacks away at government agencies, many employees who were cut are left fearing for their future ...

Shuttering the Consumer Financial Protection Bureau will leave service members who rely on the agency’s accountability ...

Fed Chair Powell discusses 2024's 2.5% GDP growth, easing inflation, rate cuts, regulation shifts, stablecoin oversight, and ...

The employees laid off were term employees, meaning career staff whose positions are for a set length of time — at CFPB generally for two or four years. Their terminations come after the CFPB ...

but derided by fintech investors and conservatives as little more than a government “shakedown agency.” Consumers will be better off without the CFPB breathing down the neck of American companies.

Protesters rally outside the Consumer Financial Protection Bureau (CFPB) on February 10, 2025 in Washington, DC. Credit - Anna Moneymaker/Getty Images For a long time, Misty Castaneda had terrible ...

“It’s pretty ludicrous,” this witness said. The CFPB did not respond to a request for comment. When the CFPB prepares to file a lawsuit against a company, it typically hires ...

The CFPB has taken enforcement action against financial institutions and secured billions in penalties and refunds for consumers. Critics of the CFPB argue that its regulations stifled financial ...

The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation. The affected staff were mostly those with ...

Conservatives have long targeted the work of the CFPB. Critics complain the independent agency, funded by the Federal Reserve System, lacks sufficient supervision and regularly exceeds its ...