Trump CFPB cuts raise concern about financial crises, conflict of interest
The Trump administration is well on its way to abolishing the Consumer Financial Protection Bureau while state officials and ...
CFPB workers are reinstated after a court order, but many still can’t work
Probationary employees (a class of government workers who are newer to an agency or role) received letters over the weekend ...
CFPB Brings Back Probationary Employees After Judge's Ruling
The Consumer Financial Protection Bureau reinstated all probationary and most term employees it had terminated, after a ...
Trump's CFPB Overhaul Leaves Consumers Exposed—Here's What It Means For Your Money
Consumer advocates warn that weakening the CFPB leaves Americans vulnerable to financial industry abuses. Created after the ...
What Debt Protections Could Consumers Lose Without the CFPB?
The Consumer Financial Protection Bureau (CFPB) was launched in 2011 in response to the 2008 banking crisis, which destabilized millions of Americans. This new U.S. government agency' ...
JD Supra1d
CFPB requests $43M in restitution and fees from Biden-era enforcement case
On March 13, in a response to a court’s request for additional briefing, the CFPB requested a federal judge to levy $43 million in fines ...
Trump can't erase the Education Department with an executive order. Here's why.
While Trump has abolished other agencies by executive order, he can't end the Education Department on his own because ...
How Value-Added Financial Services Are Evolving to Meet Consumer Demand for Financial Security
Moving forward, financial institutions that prioritize these value-added services will differentiate themselves in an ...
JD Supra2d
2024 Year in Review: Data Privacy and Cybersecurity
Welcome to the “Data Privacy and Cybersecurity” chapter of our annual report, Consumer Financial Services: 2024 Year in Review.
CNN3d
With the CFPB weakened, could risky lending make a comeback?
Last month, workers at the CFPB were told to stop working, effectively shutting down the agency, though that order has since been challenged by a federal judge. Although the CFPB, which is tasked ...