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Andrew Ferguson, Trump’s pick to lead the Federal Trade Commission, which in many ways functions as the CFPB’s sister agency, is considered something of a moderate on consumer protection ...
U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer ...
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 ...
Capital One Financial Corporation (NYSE:COF) is facing a lawsuit filed by the Consumer Financial Protection Bureau (CFPB), which accuses the bank of cheating millions of consumers out of more than ...
The CFPB lawsuit seeks to stop what it claims is unlawful conduct, obtain compensation for harmed consumers, and obtain a civil money penalty, to be paid into the CFPB’s victims relief fund ...
Rohit Chopra, head of the top agency for consumer finance, submitted his resignation early Saturday after President Donald Trump fired him overnight, according to a source familiar with the situation.
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 CFPB has downplayed those fears, arguing that whether a consumer has unpaid medical debt is a “poor predictor” of whether they will pay back other loans.