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CFPB acting enforcement director Cara Petersen has resigned, criticizing the Trump administration for making it increasingly difficult to perform the agency’s tasks, Reuters reports.
Unlike most federal agencies, which receive annual appropriations from Congress, the CFPB is funded primarily through transfers from the Federal Reserve. This year, that money was capped at $823 ...
A federal judge has ordered a halt, for now, to the Consumer Financial Protection Bureau’s (CFPB) mass staff reduction last Thursday of some 88%-90% of its workforce, per a Reuters report. Meanwhile, ...
On April 16, 2025, the CFPB’s Chief Legal Officer, Mark R. Paoletta, issued a memorandum to CFPB staff that sets out the agency’s 2025 supervision and enforcement priorities.
The Consumer Financial Protection Bureau (CFPB) moved to make sweeping job cuts as the Trump administration looks refocus the agency's regulatory objectives with a smaller workforce.
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The Consumer Financial Protection Bureau (CFPB) is likely to see a diminished role in crypto regulations, but the agency will not disappear entirely.
Like the CFPB, the Federal Deposit Insurance Corporation was also created in the wake of a financial crisis — the Great Depression. It is the agency that insures deposit accounts up to $250,000.
Doe’s testimony detailed plans set out in mid-February to quickly lay off the bulk of the CFPB staff, shuttering entire offices of the agency, and then wind down the remaining operations.
The Consumer Financial Protection Bureau (CFPB) is allowing some offices to resume their functions, as the Trump administration faces a legal challenge over its stop work order and other efforts ...
It could be that Trump is referring to the CFPB's public database of complaints, which Republicans and industry groups criticized in 2017 as being "potentially misleading and incomplete," an AP ...
The cancellation of nearly three-dozen cybersecurity contracts at the US Consumer Financial Protection Bureau endangers the security of sensitive data maintained by the federal watchdog, a former ...