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Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The ...
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Soy Nómada on MSNConsumer watchdog takes a major hit under Trump's new tax lawTrump’s new tax law imposes steep cuts on the CFPB, threatening its capacity to enforce consumer protections and oversee financial institutions.
New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...
Thousands of consumer complaints unanswered after Trump CFPB purge, Dems say Since its founding, the CFPB has returned more than $21 billion to consumers who were victims of fraud or scams.
A federal appeals court will allow the Trump administration to further shrink the Consumer Financial Protection Bureau but not dismantle it entirely.
December 12, 2024 CFPB proposes FCRA rule with potential implications far beyond the stated focus on data brokers Richard Andreano Jr., John Culhane Jr., Alan Kaplinsky Ballard Spahr LLP + Follow ...
If the CFPB is eliminated or diminished, student loan borrowers risk losing vital loan protections against servicer misconduct, debt relief errors, and predatory lending.
But he said those efforts had been slowed down by political appointees, namely acting CFPB head Russ Vought and legal adviser Mark Paoletta, who became more engaged by mid-February.
The government agency formed in the wake of the Great Recession acts to regulate financial products, like credit cards & mortgages. But, conservatives have never liked the CFPB, and its new acting ...
Consumer advocates slam the CFPB for dropping 21 enforcement actions and planning to repeal the Open Banking Rule, raising concerns over transparency.
With political changes ensuing, stakeholders and experts alike across the financial sector seem to be scrambling to anticipate what comes next regarding the CFPB.
CFPB Workers Protest New Leadership Russell Vought is now at the helm of the Consumer Financial Protection Bureau.
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