Browsing: CFPB

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing ContentWhat’s at stake: The appeals…

Processing ContentKey Insight: The high-stakes case revolves around the actions of Russell Vought and President Trump’s publicly stated goal to eliminate the CFPB, challenging Congress’ authority…

What’s at stake: Consumer advocates and some corporate debt collectors fear that possible changes to the consumer complaint portal — such as mandatory two-factor authentication and…

The U.S. Consumer Financial Protection Bureau headquarters in Washington, Feb. 2, 2025.Bloomberg | Bloomberg | Getty ImagesFederal student loan borrowers submitted a record number of complaints…

Key insight: The CFPB’s leadership cited ongoing litigation as the reason for not cooperating with the Government Accountability Office.  Supporting data: The GAO reiterated what was found…

Key insight: The three credit bureaus — Equifax, Experian and TransUnion — say the complaint portal is being abused by third-party credit repair firms and AI bots.What’s…

U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought.Kevin Mohatt | Kevin Lamarque | | ReutersSen. Elizabeth…

Key Insight: The Consumer Financial Protection Bureau and other federal regulators are retreating from enforcement and supervision, creating a void that states are actively stepping in…

Processing ContentKey Insight: The CFPB and DOJ said they withdrew the 2023 guidance to correct the misimpression that ECOA imposed limits on considering immigration or citizenship…

Processing ContentWhat’s at Stake: The request to fund the CFPB ends weeks of uncertainty about the agency’s future. Supporting Data: In November, the Department of Justice’s Office…