The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from unfair lending practices, and much more. Here’s what might happen
DOGE Is Now Inside the Consumer Financial Protection Bureau
DOGE staffers will get read-only access to CFPB data, systems, and equipment, according to an internal email reviewed by WIRED.
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
Trump’s Billionaire Buddy Halts Work at Federal Consumer Protection Agency
President Donald Trump’s Treasury Secretary Scott Bessent has been tapped to direct the Consumer Financial Protection Bureau on an acting basis. In a staff email obtained by The Washington Post, Bessent and his aides reportedly instructed employees to immediately stop the bureau’s current work including drafting regulations,
Trump appoints treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.
Breaking: Treasury Secretary Bessent Heads Consumer Financial Protection Bureau, Immediately Orders Freeze of CFPB Activities
On Saturday, February 1, 2025, it was announced that President Donald Trump had removed Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB). In a statement from the CFPB on February 3,
Trump Appoints Treasury Secretary Scott Bessent as Acting CFPB Director
President Donald Trump appointed Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau, Bessent announced Monday. Former Director Rohit Chopra, appointed by President Joe Biden in 2021,
RIP CFPB?
Elon Musk sent a somewhat cryptic message on X hours after Wired reported that his Department of Government Efficiency (DOGE) ...
Will Trump Axe the CFPB? What Consumers Should Know
Time will tell what Trump has in store for the CFPB. For now, consumers can still access the bureau’s many educational ...
American Banker3h
CFPB agrees to temporarily halt medical debt rule
The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement ...
InvestmentNews2h
Musk’s DOGE descends on CFPB with intention to shut it down
The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle ...
The Trump-Musk Presidency is killing the CFPB
Just as Elon Musk's X pushes into financial services, the agency responsible for protecting citizens from such companies is ...
Elizabeth Warren Urges Trump to Support CFPB Efforts to Fight Debanking
Democratic Senator Elizabeth Warren urged President Donald Trump to work with regulators to stop what she called unjustified ...
The American Spectator2d
CFPB: New Treasury Secretary Scott Bessent Deployed to Fix What Rohit Chopra Broke
In a desperately needed move this week, President Donald Trump fired Rohit Chopra, director of the Consumer Financial ...
Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.
Treasury Secretary Scott Bessent ordered the Consumer Financial Protection Bureau to halt work Monday, following months of ...
Some Banks Get Stay on CFPB Small Business Data Collection Rule
Some banks and credit unions will get a reprieve from complying with the Consumer Financial Protection Bureau’s small ...
HousingWire3d
Enforcement experts fear the wild west of a weaker CFPB
While experts say a pause of CFPB actions is nothing to worry about, they are concerned about a potential lack of federal ...
JD Supra6h
New Administration Outlook: What Does the CFPB "Freeze" Mean for Regulations and Pending Litigation?
Treasury Secretary Scott Bessent, who is currently serving as the acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff ...