On February 7, 2025, President Donald Trump appointed Russell Vought to head the Consumer Financial Protection Bureau (CFPB). Shortly after, Vought announced that he had notified the Federal ...

The ousters began at CFPB after Elon Musk’s Department of Government Efficiency initiative last week began the process of firing nearly all of USAID’s 10,000 employees — arguing that agency ...

In his semiannual testimony before the Senate Banking Committee Tuesday, Federal Reserve Chair Jerome Powell said the effective shuttering of the Consumer Financial Protection Bureau leaves no federal ...

Critics' key argument against the CFPB is that the agency does not receive its funding through Congress' annual appropriations process ... to support his efforts to chart a better course for ...

With the CFPB’s “dormancy,” no federal regulator is conducting anti-consumer-fraud examinations on very large banks such as JPMorgan and Wells Fargo, a group of 23 state led by New York ...

Earlier this weekend, Vought also ordered CFPB staff to cease “all supervision and examination activity” and “all stakeholder engagement” following directives that Treasury Secretary Scott ...

Employees were instructed to cease all “supervision and examination activity” and not to come into the office or perform any work tasks. Vought indicated on X that the CFPB will not take its ...

Apparently between June 2020 and May 2021, the CFPB conducted a routine examination of Wise US for compliance with various US laws pertaining to financial providers. Wise explained: “In February ...

Protesters rally outside the Consumer Financial Protection Bureau (CFPB) on February 10, 2025 in Washington, DC. Credit - Anna Moneymaker/Getty Images For a long time, Misty Castaneda had terrible ...

The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation. The affected staff were mostly those with ...

CFPB lawyers also sought an adjournment on Monday in the the CFPB's appeal of a decision last year by the Fifth Circuit Court of Appeal to vacate changes to the bureau's exam manual that ... to ...

Judge Amy Berman Jackson of the U.S. District Court in Washington also said the agency cannot "delete" or "remove" data held by the CFPB, while also saying the agency cannot transfer money from ...