CFPB employees must "get approval in writing" to do any work this week, acting director Russell Vought wrote in an email.
In this article, we share a timeline of our monthly "bites" for 2024 applicable to companies in FinTech. The Consumer Financial Protection Bureau ...
The Trump administration has agreed to pause layoffs and funding cuts at the Consumer Financial Protection Bureau, or CFPB, the federal agency responsible for cracking down on “junk” fees and ...
We will withdraw the police. We will not have any kind of enforcement of the law.'" On Sunday, the CFPB told its staff that its DC headquarters would be closed this week and that they should work ...
Major CFPB cases are in limbo, including lawsuits against Capital One and Walmart. With fewer regulatory constraints, banks and lenders may adjust their fee structures and lending policies ...
"With the new administration halting work at the CFPB, American citizens are at greater risk of financial fraud and discrimination," said Leslie H. Tayne, Esq., Finance and Debt Expert and ...
Here's some background on the scope of the CFPB's activities and how the agency's tenuous status might affect consumers.
"It is Congress that created the Consumer Financial Protection Bureau, and it is only Congress, not Donald Trump, not Elon Musk … who can actually get rid of the CFPB," Warren (D-Mass.) ...
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