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Many Republicans have opposed the CFPB since its creation as part of 2010’s Dodd-Frank financial reforms and have often called for its closure, arguing that Washington has too many redundant ...
The CFPB is the primary federal supervisory regulator tasked with consumer financial protection for larger nonbank participants, according to the Congressional Research Service.
The Consumer Financial Protection Bureau (CFPB) finalized a rule on Oct. 22, to help consumers transfer their information from one financial provider to another, free of charge.
The Bureau's 2024 financial report broke that workforce into six groups; about 43% of CFPB's employees work in the supervision and enforcement of financial institutions, 18% in operations ...
The CFPB, which Congress created in the wake of the 2008 financial crash, supervises consumer-facing financial companies like banks, title lenders, mortgage originators and cash transfer services ...
A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. Americans ...
The CFPB's work spans the various ways consumers use financial products and services. Among other things, the agency proposes rules, like recent ones reining in excessive credit card and overdraft ...
The head of the Consumer Financial Protection Bureau (CFPB) announced his departure on Saturday, becoming the latest Biden administration holdover official to be ousted by the Trump administration.