Medical debt remains on credit reports
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The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But in practice, the bureau has been mostly inoperable for nearly six months.
A federal judge has temporarily blocked the Trump administration’s plans to dismantle the Consumer Financial Protection Bureau. President Trump had planned to slash nearly 90% of the workforce at the bureau, which works to safeguard against fraud, abuse, and deceptive practices, claiming the agency has overstepped its authority.
Supreme Court rulings and provisions in the recently-passed budget bill are bolstering the legality of the administration's effort to fire more than 1,000 employees at the Consumer Financial Protection Bureau.
NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration.
Congress overturned a rule that would have capped overdraft fees at some banks and credit unions. Consumer Investigator Caresse Jackman explains what that means for your money and how to avoid those fees.
The Consumer Financial Protection Bureau faces operational paralysis. Employees are idle due to White House directives. The bureau is undoing past regulations. Settlements with companies like Navy Federal and Toyota are rescinded.
Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy Federal Credit Union off the hook for charging its members millions in illegal overdraft fees unprecedented,
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Money Talks News on MSNSurveillance Nation: Who Else Has a File on Your Finances?The Fair Credit Reporting Act considers each company a consumer reporting agency. That means you have the right to request your file, check it for errors, and dispute inaccuracies. The list makes it easier to identify and contact companies that might have information about you.