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The Trump administration is planning to hollow out the Consumer Financial Protection Bureau (CFPB) by firing 95% of its staff while canceling the lease on its Washington, D.C., headquarters ...
The latest data from the CFPB said that the agency distributed over $21 billion in monetary compensation and canceled debts back to consumers, $363 million in monetary relief for service members ...
"The CFPB targets financial predators, lawbreakers and crooks," says Dennis Kelleher, co-founder and chief executive of the financial services watchdog Better Markets.
Established in 2010 to protect consumers after lax mortgage rules and other shoddy industry practices led to the financial crisis of 2008, the CFPB has been reviled by conservatives and the ...
A security officer works inside of the Consumer Financial Protection Bureau (CFPB) building headquarters Monday, Feb. 10, 2025, in Washington. (AP Photo/Jacquelyn Martin) (ASSOCIATED PRESS)
The CFPB first began operating in 2011 as an independent government agency responsible for consumer protection in the financial sector. It was created under the Dodd-Frank Wall Street Reform and ...
Adam Rust, the director of financial services at the Consumer Federation of America, also told the Washington Post that the CFPB would likely be looking into the activities of X, which “may be ...
As the Trump administration prepared to take power in Washington, D.C., the Consumer Financial Protection Bureau (CFPB) wasted no time. In the two months leading up to the inauguration, the bureau ...