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The Latest Breaking News from CFPB

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

The Consumer Financial Protection Bureau is in the crosshairs of a White House that has halted its work, closed its headquarters and fired dozens of its workers

The Independent UK

Trump Administration Agrees To Halt Mass Firings At CFPB

Trump administration agrees to halt mass firings at CFPB following court challenge. Concerns raised over downsizing impact and data preservation.

Top News

The 5 Worst Things About the Consumer Financial Protection Bureau

The agency—an unelected regulator with a blank check—has spent much of its short life making things harder for the consumers it set out to protect.

Reason

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Former CFPB Official Warns Of Imminent Data Destruction Risk

Former CFPB official raises concerns over potential destruction of critical records, impacting consumer protection and financial stability.

Top News

Dozens Of CFPB Employees Terminated In Federal Workforce Reduction

Recent terminations at CFPB part of Trump administration's federal workforce reduction efforts, sparking debates and concerns.

Top News

Elizabeth Warren's Hubris Allowed Trump To Defund the CFPB

Instead of isolating the CFPB from Congress' budget-making authority, Warren and former President Barack Obama made it easier for a president to effectively shut it down.

Reason

DOGE is shuttering a consumer watchdog, which may clear the way for Musk's X payments platform plans, think-tank boss says

Elon Musk's DOGE wants to "delete" an agency that could have directly regulated one of his businesses.

Fortune

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Trump's Halt On CFPB Raises Big Concerns: Will Key Consumer Protections Survive?

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

International Business Times

If your bank rips you off, the Consumer Financial Protection Bureau gets your money back. Elon Musk is killing it

The CFPB has returned more than $17 billion to Americans — and dozens of its workers were laid off on Tuesday night

The Independent UK

How Elon Musk could benefit from destroying the Consumer Financial Protection Bureau

‘This is like a bank robber trying to fire the cops and turn off the alarms before he strolls in the lobby,’ Elizabeth Warren says

The Independent UK

Trump Wants to Shut Down the CFPB: Why Retirees Should Care

The Consumer Financial Protection Bureau has done a lot to protect consumers, including retirees, since its inception nearly fourteen years ago.

Kiplinger

Trump's choice to lead CFPB, McKernan, left FDIC Monday - Roll Call

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

Roll Call

What does having the Consumer Financial Protection Bureau on hold mean for consumers?

The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration

The Independent UK

Dozens Of CFPB Probationary Employees Terminated Amid Agency Paralysis

CFPB faces turmoil as probationary employees terminated, operations halted, and resignations occur.

Top News

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Salon

How Musk uses sexism to scam MAGA men

How to sell MAGA men a pro-scam agenda? Tell them a woman founded the Consumer Financial Protection Bureau

International Business Times

US Fed Chair Says In No Rush To Tweak Interest Rate Policy

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

International Business Times

Sen. Elizabeth Warren Warns On Consumer Financial Protection Bureau Cuts: 'Let The Scams Begin'

Sen. Elizabeth Warren says there are "zero cops" overseeing the consumer lending market after the CFPB headquarters were shuttered and workers told to stay home.

Top News

CFPB Officials Resign Amid Orders To Stand Down

Resignations of high-ranking officials at CFPB raise concerns about consumer protection efforts and future operations at the bureau.

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International Business Times

Elon Musk, Crypto Leaders Laud 'Unplugging' Of CFPB, Critics Push Back

Elon Musk and some crypto executives celebrated the Trump government's work on shutting down the CFPB, raising questions among other crypto users and X commenters about whether they actually cared about the financial welfare of Americans.

International Business Times

Trump Blasts 'Pocahontas' Sen. Warren, Says Reporter Has 'More Indian Blood Than She Has'

Donald Trump on Monday revived talks around Sen. Elizabeth Warren's Native American ancestry, calling the Democratic lawmaker a "fake," and accusing her of using the CFPB to "go around and destroy people."

Reason

President Trump's Removal Letter of NLRB Member Gwynne Wilcox

The President did offer some potential causes for removal.

Top News

President Trump Aims To Eliminate Consumer Financial Protection Bureau

President Trump reiterates his goal to eliminate the CFPB, raising questions about its future and operational status.

International Business Times

Union Sues Over US Consumer Protection Agency Work Pause

The National Treasury Employees Union brought two court cases against acting CFPB director Russell Vought, accusing him of trying to shut down the agency -- which was created by Congress -- and of giving the Elon Musk-led Department of Government Efficiency (DOGE) access to employees' personal information.

The Independent UK

These federal workers fear ‘blackmail’ in wake of DOGE access to their personal info

There are “no known security constraints and zero oversight” preventing Elon Musk’s callow crew from obtaining and disseminating highly sensitive personnel data, according to a lawsuit the employees’ union filed Sunday

International Business Times

Trump Team Orders Work Pause At US Consumer Protection Agency

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP. The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial…

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