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Consumer Financial Protection Bureau

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FILE PHOTO: CFPB supporters rally in Washington

Politics Apr 18

Mass layoffs at CFPB put on hold after judge blocks Trump administration

By Michael Kunzelman, Associated Press

Politics Mar 28

FILE PHOTO: CFPB supporters rally in Washington
Federal judge blocks Trump administration from dismantling Consumer Financial Protection Bureau

U.S. District Judge Amy Berman Jackson agreed to issue a preliminary injunction that maintains the agency’s existence until she rules on the merits of a lawsuit seeking to preserve the agency.

By Michael Kunzelman, Associated Press

Nation Feb 10

Protest the day after members of Elon Musk's Department of Government Efficiency moved into the CFPB, in Washington
Watch 5:00
Former CFPB director says Trump ‘begging for another financial crisis’ by closing agency

The Consumer Financial Protection Bureau has been shut down by President Trump, at least for this week and possibly much longer. The agency, created by Congress after the 2008 financial crisis, has limited credit card fees, made mortgage loans easier…

By Geoff Bennett, Courtney Norris

Politics Feb 10

Protest the day after members of Elon Musk's Department of Government Efficiency moved into the CFPB, in Washington
How the Trump administration moved to shut down the consumer protection agency’s headquarters

Over the weekend, some staff members at the Consumer Financial Protection Bureau saw a sign of trouble to come.

By Chris Megerian, Associated Press

Politics Feb 09

Protest the day after members of Elon Musk's Department of Government Efficiency moved into the CFPB, in Washington
Vought orders CFPB to stop investigations and suspend new rules from taking effect

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.

By Christopher Rugaber, Associated Press

Feb 01

Trump fires Rohit Chopra, director of the Consumer Financial Protection Bureau

By Josh Boak, Associated Press

Chopra's tenure at the CFPB saw the removal of medical debt from credit reports and limits on overdrafts penalties, all based on the premise that the financial system could be fairer and more competitive in ways that helped consumers.

Continue reading

Jun 12

How banning medical debt from credit reports could help millions of Americans

By Laura Santhanam

By banning medical debt from being included in credit reports, this proposed rule from the Biden administration aims to address increasing discontent over the economic burden that can go hand-in-hand with serious health problems.

Continue reading

Jun 11

Biden administration pushes to remove Americans’ medical debt off most credit reports

By Tom Murphy, Associated Press

The Consumer Financial Protection Bureau said Tuesday it is planning a rule that would prevent lenders from making decisions based on medical information.

Continue reading

Mar 05

WATCH: Biden administration to cap credit card late fees at $8 in move against junk fees

By Ken Sweet, Josh Boak, Associated Press

The Biden administration has portrayed the White House Competition Council as a way to save people money and promote greater competition within the U.S. economy.

Continue reading

Jan 17

New regulation proposed by Biden administration would limit overdraft fees at big banks to as low as $3

By Ken Sweet, Cora Lewis, Associated Press

Under the proposal, banks would have to show how much it costs for them to run overdraft services, or instead charge a benchmark fee that could be as little as $3.

Continue reading

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