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) ...

Just last month, the CFPB had accused Capital One of failing to pay more than $2 billion in interest to customers by misleading them into thinking they would be getting higher rates. Capital One ...

“The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” consumer bureau Acting Director Russ Vought said in a motion filed late ...

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 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 ...

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 ...

Elizabeth Warren, D-Mass. The CFPB's Consumer Complaint Program ‒ established in the 2010 Dodd-Frank Act that created the agency ‒ serves as a clearinghouse for consumers to submit complaints ...

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 ...

Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB).

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 ...