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Elon Musk's message on agency's future: 'CFPB RIP' Elon Musk, the billionaire tasked with slashing Beltway budgets, broadcast Trump’s evident intentions, and his own, in a Feb. 7 tweet that read ...
The CFPB filed a recent lawsuit against Capitol One over accusations that the bank illegally charged customers over $2 billion in interest. The agency also played a role in protecting both federal ...
The ruling came in response to a union lawsuit, which alleged that the Trump administration was planning to hollow out the CFPB by firing 95% of its workers while canceling the lease on its ...
A security officer works inside of the Consumer Financial Protection Bureau (CFPB) building headquarters Monday, Feb. 10, 2025, in Washington.
The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard Americans against unfair business practices, is the newest target of ...
Musk has vowed to destroy the CFPB and on Friday posted "CFPB RIP" on his social media platform X. The agency would be responsible for regulating his planned business venture with payments giant Visa.
The CFPB says that it has obtained nearly $20 billion in financial relief for U.S. consumers since its founding in the form of canceled debts, compensation, and reduced loans. Last month, the bureau sued Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of ...
Elon Musk, lawmakers react to CFPB work stoppage "Vought is giving big banks and giant corporations the green light to scam families," Massachusetts Sen. Elizabeth Warren, who played a big role in ...