Tag #Cfpb

Showing 25 to 36 of 75 results

theglobeandmail.com
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CFPB Drops Major Enforcement Actions Amidst Trump's Dismantling Efforts

The U.S. Consumer Financial Protection Bureau dropped several major enforcement actions, including a $2 billion case against Capital One, following President Trump's efforts to dismantle the agency, although his nominee stated he would uphold its legal mandates if confirmed.

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nbcnews.com
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CFPB Shutdown Leaves Service Members Vulnerable to Financial Scams

Democratic senators criticized the suspension of the Consumer Financial Protection Bureau (CFPB), arguing that it leaves service members vulnerable to financial scams, citing a $470 million loss to fraud in 2023 and $183 million returned to victims through CFPB enforcement actions since 2011.

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abcnews.go.com
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White House Halts CFPB Operations Amidst Consumer Protection Concerns

The Consumer Financial Protection Bureau (CFPB), facing attacks from the White House, has resolved 7.7 million consumer complaints and returned nearly $20 billion, but its future is uncertain after the White House halted its work and fired staff, despite court intervention.

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abcnews.go.com
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Trump Administration Dismantles CFPB, Leaving Consumers Vulnerable

The Trump administration is firing over 95% of the Consumer Financial Protection Bureau's (CFPB) 1700 employees, leaving American consumers vulnerable to financial exploitation and undermining the agency's ability to regulate financial institutions. This action is part of the President's campaign to...

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abcnews.go.com
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Democrats Demand Reversal of CFPB Shutdown

191 Democrats sent a letter demanding the reversal of actions that have effectively shut down the Consumer Financial Protection Bureau (CFPB), following a takeover by the Office of Management and Budget and Elon Musk's Department of Government Efficiency, citing potential harm to consumers and alleg...

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foxnews.com
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Three CFPB Leaders Placed on Leave, One Resigns Amidst Political Clash

Acting OMB Director Russ Vought placed three top officials at the Consumer Financial Protection Bureau (CFPB) on administrative leave, prompting the resignation of one and an email response from another; the move is viewed as an attempt to weaken consumer protection, sparking protests.

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52% Bias Score

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forbes.com
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Trump-Musk CFPB Attack Freezes Billions in Consumer Relief

Senator Warren is holding a forum to investigate the Trump-Musk attack on the CFPB, which has frozen 38 cases, jeopardizing billions in potential consumer relief and leaving millions vulnerable to financial fraud. The agency's work has returned over \$21 billion to consumers, prevented housing marke...

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64% Bias Score

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abcnews.go.com
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Trump Orders Google Maps to Rename Gulf of Mexico

President Trump's executive order led Google Maps to rename the Gulf of Mexico to the Gulf of America for US users, based on the U.S. Geographic Names Information System, while international users see both names, reflecting a potential point of geopolitical friction.

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nbcnews.com
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Judge Blocks Trump's Attempt to Dismantle CFPB

A federal judge blocked President Trump's attempt to dismantle the Consumer Financial Protection Bureau (CFPB) on Friday, prohibiting employee terminations without cause, data deletion, and budget cuts, following a lawsuit by employee unions.

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48% Bias Score

Decent Work and Economic Growth
npr.org
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CFPB Layoffs Spark Concerns Over Consumer Protection

The CFPB laid off 70 to 100 term employees and 73 recent employees this week, due to a White House initiative, prompting a lawsuit and concerns about the agency's ability to fulfill its legal obligations, particularly given that many Republicans have long sought the agency's abolishment.

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52% Bias Score

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npr.org
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CFPB Enforcement and Supervision Heads Resign Amidst Agency Shutdown

The heads of supervision and enforcement at the CFPB, Lorelei Salas and Eric Halperin, resigned on Tuesday, citing stop-work orders from acting Director Russell Vought that halted all agency operations, jeopardizing consumer protection efforts that previously secured $9.5 billion in penalties and re...

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cnbc.com
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CFPB Terminates Dozens of Employees Amidst Federal Staff Reduction

The CFPB terminated dozens of mostly probationary employees on Tuesday, amidst a broader Trump administration effort to reduce federal staff and following the access of Elon Musk's Department of Government Efficiency to the agency.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 25 to 36 of 75 results