Consumer Financial Protection Bureau won't be deleted, Trump administration says
The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. After Trump replaced its director with Russell Vought — director of the White House budget office and an author of Project 2025 — work at the CFPB was frozen.
BBB: The Consumer Financial Protection Bureau is shut down. What does this mean for consumers?
The Consumer Financial Protection Bureau is in control of creating rules and taking enforcement actions to protect consumers from unfair, deceptive, or abusive practices by a wide range of financial institutions and businesses.
Consumer Protection Bureau drops lawsuits against financial giants
The CFPB's fate has looked grim since Trump took office last month and Thursday's actions confirmed its disassembly.
Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
The Consumer Financial Protection Bureau on Thursday dismissed a trio of enforcement lawsuits undertaken by the previous administration's director. In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One,
Consumer Financial Protection Bureau Could Be Led to Its Demise From the Inside
The Trump administration insists the financial watchdog is safe for now, but as in administrations past, it can be made into whatever officials want it
Thousands of consumer complaints unanswered after Trump CFPB purge, Dems say
Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from ...
Chicago employees of kneecapped federal consumer watchdogs beg the public: 'Step in and protect us'
The Consumer Financial Protection Bureau has all but ceased enforcement since the Trump administration ordered employees to ...
syracuse.com7d
What’s at stake if Consumer Financial Protection Bureau goes dark
The Consumer Financial ... The bureau filed a lawsuit against Experian. And Equifax was ordered to pay $15 million in civil penalties. Penalizing banks for creating fake accounts. Wells ...
MarketWatch1mon
Wells Fargo Says CFPB Financial Harm Consent Order Has Closed -- Update
Wells Fargo said Tuesday that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts and mortgage lending has closed. In ...
Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
bankingdive9d
Wells Fargo clears 10th consent order; 4 remain
The 2018 consent order issued by the OCC identified deficiencies in the bank’s enterprise-wide compliance risk management ...
American Banker13d
Wells Fargo sheds fourth consent order in a month
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been ...
Zacks.com on MSN11d
Wells Fargo's 2018 Compliance Consent Order by OCC Terminated
WFC's 2018 consent order imposed on the bank in April 2018 is terminated. This marks the 10th consent order, which has been ...
Trump fires chief of the federal consumer watchdog agency
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.
Yahoo Finance25d
Consumer Financial Protection Bureau shakeup: Chopra out, Bessent in charge
The Consumer Financial Protection Bureau ... Bank of America and Wells Fargo over their handling of fraud on Zelle, alleging the banks failed to investigate cases and reimburse consumers.