#consumer-financial-protection-bureau
#consumer-financial-protection-bureau

Judge pauses Trump's mass layoffs at CFPB

A federal judge paused Trump's plan to significantly reduce the staff of the Consumer Financial Protection Bureau, citing legal concerns.

US news

Judge Temporarily Halts Mass Firings at Consumer Bureau

A federal judge temporarily blocked mass layoffs at the Consumer Financial Protection Bureau after legal challenges raised concerns about the agency's future.

Miscellaneous

Trump admin pulls hundreds of videos from CFPB's YouTube channel

The Consumer Financial Protection Bureau is experiencing significant resource cuts and a loss of online presence, impacting its consumer protection mission.

fromABC7 Los Angeles

Privacy professionals

Judge pauses Trump administration's plans for mass layoffs at Consumer Financial Protection Bureau

A federal judge halted mass firings at the Consumer Financial Protection Bureau, stressing compliance with her ruling until further hearings are held.

Miscellaneous

CFPB is reportedly trying to put Google under bank-like supervision

CFPB aims to supervise Google similarly to banks amid concerns over consumer protection in digital payments.

US politics

Trump memo calls for escalation of mass federal layoffs

Trump aims to significantly reduce the federal workforce, targeting agencies including the Consumer Financial Protection Bureau and Housing and Urban Development.

Privacy professionals

fromFast Company

Judge pauses Trump's mass layoffs at CFPB

A federal judge paused Trump's plan to significantly reduce the staff of the Consumer Financial Protection Bureau, citing legal concerns.

US news

Judge Temporarily Halts Mass Firings at Consumer Bureau

A federal judge temporarily blocked mass layoffs at the Consumer Financial Protection Bureau after legal challenges raised concerns about the agency's future.

Miscellaneous

Trump admin pulls hundreds of videos from CFPB's YouTube channel

The Consumer Financial Protection Bureau is experiencing significant resource cuts and a loss of online presence, impacting its consumer protection mission.

fromABC7 Los Angeles

Privacy professionals

Judge pauses Trump administration's plans for mass layoffs at Consumer Financial Protection Bureau

A federal judge halted mass firings at the Consumer Financial Protection Bureau, stressing compliance with her ruling until further hearings are held.

more#trump-administration

Miscellaneous

CFPB is reportedly trying to put Google under bank-like supervision

CFPB aims to supervise Google similarly to banks amid concerns over consumer protection in digital payments.

#financial-institutions

fromwww.npr.org

US news

The CFPB drops its lawsuit against Capital One, marking a major reversal

CFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.

fromBusiness Insider

Miscellaneous

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.

fromwww.npr.org

US news

The CFPB drops its lawsuit against Capital One, marking a major reversal

CFPB dropped significant legal cases, indicating a notable shift in its approach toward financial institutions under the current administration.

fromBusiness Insider

more#financial-institutions

Miscellaneous

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.

How Federal Employees Are Fighting Back Against Elon Musk

Federal workers are actively resisting Elon Musk's team's penetration into government agencies through protests, resignations, and lawsuits.

Digital life

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Elon Musk is shifting X.com towards becoming a digital wallet amidst regulatory scrutiny, leveraging government influence to reshape financial oversight.

Privacy technologies

How Federal Employees Are Fighting Back Against Elon Musk

Federal workers are actively resisting Elon Musk's team's penetration into government agencies through protests, resignations, and lawsuits.

Digital life

Elon Musk's Attacks on CFPB Remove Obstacle to Building X Money'

Elon Musk is shifting X.com towards becoming a digital wallet amidst regulatory scrutiny, leveraging government influence to reshape financial oversight.

more#elon-musk

#financial-technology

fromTearsheet

Miscellaneous

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

New overdraft fee rule caps charges at $5, prompting banks to seek alternative revenue solutions and improve customer relationships.

fromThe Mercury News

Business

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.

fromTearsheet

Miscellaneous

From profiting off overdrafts to preventing them: How FIs are evolving their revenue models - Tearsheet

New overdraft fee rule caps charges at $5, prompting banks to seek alternative revenue solutions and improve customer relationships.

fromThe Mercury News

more#financial-technology

Business

Apple Pay, other tech firms come under CFPB regulatory oversight

The CFPB's enhanced oversight of digital wallets reflects the growing necessity of these payment methods in consumers' lives.

#russell-vought

Miscellaneous

Federal Financial Watchdog Ordered to Cease Activity

The Consumer Financial Protection Bureau's operations have been halted by new directives from acting director Russell Vought.

Miscellaneous

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

The Consumer Financial Protection Bureau's headquarters is closed for a week, with employees instructed to work remotely following new leadership orders.

Miscellaneous

Federal Financial Watchdog Ordered to Cease Activity

The Consumer Financial Protection Bureau's operations have been halted by new directives from acting director Russell Vought.

Miscellaneous

Russell Vought, as Consumer Bureau's Acting Director, Orders Its Headquarters Closed for a Week

The Consumer Financial Protection Bureau's headquarters is closed for a week, with employees instructed to work remotely following new leadership orders.

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

Chopra aims to reshape banks' perspectives on the CFPB by introducing rules seen as beneficial, fostering some bipartisan agreement.

Digital life

Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He's Hanging On

Rohit Chopra remains director of the C.F.P.B. despite calls for his removal amid ongoing enforcement actions.

US news

The Consumer Bureau Is Likely Here to Stay, but Big Changes Await

Chopra aims to reshape banks' perspectives on the CFPB by introducing rules seen as beneficial, fostering some bipartisan agreement.

Digital life

Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He's Hanging On

Rohit Chopra remains director of the C.F.P.B. despite calls for his removal amid ongoing enforcement actions.

more#rohit-chopra

3 months ago

Real estate

CFPB received fewer reverse mortgage complaints in 2024

A significant percentage of complaints from mortgage borrowers are related to foreclosure issues and communication with lenders.

Biden administration announces a plan for removing medical debt from credit reports

Protection against medical debt impacting credit scores proposed by CFPB to help tens of millions of Americans with unaffordable medical bills.

fromwww.ocregister.com

3 months ago

Miscellaneous

How removing unpaid medical bills from credit reports could help consumers

Lenders cannot consider unpaid medical bills in credit evaluations, improving credit scores for millions.

The new rule is aimed at aiding consumers disproportionately affected by medical debt.

US news

fromwww.npr.org

10 months ago

Biden administration announces a plan for removing medical debt from credit reports

Protection against medical debt impacting credit scores proposed by CFPB to help tens of millions of Americans with unaffordable medical bills.

fromwww.ocregister.com

3 months ago

Miscellaneous

How removing unpaid medical bills from credit reports could help consumers

Lenders cannot consider unpaid medical bills in credit evaluations, improving credit scores for millions.

The new rule is aimed at aiding consumers disproportionately affected by medical debt.

more#medical-debt

Privacy professionals

CFPB targets sales of consumer information by data brokers

The CFPB's proposed rule seeks to protect consumer financial data by classifying data brokers as reporting agencies, enforcing stricter regulations.

#fintech

fromHackernoon

1 year ago

European startups

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

The CFPB's finalized 1033 rule enables Open Banking in the US, granting consumers control over their financial data.

This regulatory change promotes competition, potentially disrupting traditional financial institutions.

fromFortune

Miscellaneous

At the country's biggest fintech conference, the U.S. election is the elephant in the room

The U.S. presidential election significantly impacts fintech businesses and regulations, yet it was largely ignored at Money20/20.

fromHackernoon

1 year ago

European startups

How Does the 1033 Open Banking Rule Impact FinTech Startups in the US? | HackerNoon

The CFPB's finalized 1033 rule enables Open Banking in the US, granting consumers control over their financial data.

This regulatory change promotes competition, potentially disrupting traditional financial institutions.

fromFortune

Miscellaneous

At the country's biggest fintech conference, the U.S. election is the elephant in the room

The U.S. presidential election significantly impacts fintech businesses and regulations, yet it was largely ignored at Money20/20.

Worker surveillance must comply with credit reporting rules

The CFPB emphasizes that third-party employment reports must meet FCRA consent and transparency standards to protect workers from surveillance and algorithmic bias.

fromwww.theverge.com

6 months ago

Apple

Apple adds another buy now pay later service to Pay

Apple Pay now offers Klarna as a BNPL option at checkout, enhancing purchasing flexibility.

7 months ago

Business

CFPB director open to changing mortgage regs to fix refi process

Closing costs significantly impede mortgage refinancing, prompting regulatory reviews to streamline processes and reduce expenses for consumers.