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Consumer advocates worry that Trump could go further and effectively push the CFPB into hibernation by putting regulatory and enforcement efforts on ice while leaving key positions unfilled.
President-elect Donald Trump listens to Elon Musk as he arrives to watch SpaceX's mega rocket Starship lift off for a test flight from Starbase in Boca Chica, Texas, Tuesday, Nov. 19, 2024.
The CFPB has vigorously pursued a mission to return billions of dollars to consumers from junk fees and fraud. Since the bureau’s founding in 2011, it has provided over $21 billion in consumer ...
The CFPB has not been shy about its feelings about credit card companies. Last year, a new regulation capped most credit card late fees at $8. The CFPB also announced it was cracking down on ...
On Rogan’s podcast, Andreessen complained the CFPB’s role is to “terrorize financial institutions” and incorrectly claimed it acted at the sole direction of Warren.
But the CFPB, which was developed after the 2008 financial crisis and modeled on a proposal from Democratic Sen. Elizabeth Warren, has evolved into less of a political football than it was in 2017.
The people in Donald Trump’s orbit are floating some dramatic ideas that would remake the way US banks are regulated, from deleting the CFPB to abolishing the FDIC.. There are lots of questions ...
The major credit reporting agencies have already agreed in recent years to significantly limit the use of doctor and hospital bills when calculating consumers’ credit scores by excluding debts ...