U.S. consumers are at greater risk of being exploited by tech giants and financial firms after President Donald Trump fired a team of technologists from the Consumer Financial Protection Bureau (CFPB) ...

As a watchdog agency, the Consumer Financial Protection Bureau, or CFPB, is tasked with protecting consumers from financial fraud and shady lending practices. Musk has criticized the agency ...

The CFPB was the brainchild of Sen. Elizabeth Warren and the top demand of the liberal advocacy groups. It was funded, ironically, by the billionaire inventor of toxic subprime negative ...

The article below was originally published Feb. 20, after newly installed CFPB leaders halted the agency’s work. The latest updates on changes to the CFPB under the Trump administration can be ...

One agency the president wants to expunge is the Consumer Financial Protection Bureau, the CFPB – created to shield Americans from financial fraud and shady lending practices. A DOGE team was ...

But much of the ire is aimed at Russ Vought, the Office of Management and Budget director and the acting CFPB director. Predictably, a federal employees union quickly sued to stop the Trump ...

On February 7, 2025, President Donald Trump appointed Russell Vought to head the Consumer Financial Protection Bureau (CFPB). Shortly after, Vought announced that he had notified the Federal ...

In May 2024, former President Joe Biden’s CFPB sued the company, alleging it was deceiving borrowers and illegally extracting fees. The app feature in question allows users to give a “tip” t ...

Since it started to hire technologists in 2022, the CFPB has issued several multi-million dollar payment orders against financial technology companies including Wise, formerly TransferWise ...