CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB terminated that mandate this month.

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead ...

New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...

Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to ...

Given the Trump administration’s actions to scale back the bureau, senators focused on asking Jonathan McKernan about his potential leadership role February 27, 2025, 2:29pm by Chris Clow News ...

Senate ‘referee’ says CFPB funding can’t be cut through budget reconciliation. A proposal to zero out the CFPB budget will require 60 votes and not a simple majority, complicating the path ...

The Senate voted on Wednesday to strip a key financial regulator of its ability to monitor digital platforms like X, as the social media company’s owner, Elon Musk, has become the public face of ...

On April 28, Sen. Elizabeth Warren (D-MA), one of 40 democratic senators, sent a letter to CFPB Acting Director, Russell Vought, expressing their concerns about Vought’s attempt to terminate ...

Senators Press CFPB To Dig Into Problems With Public Service Student Loan Program. But now, several months after that hearing and two years since the CFPB tried to send examiners into loan ...

On Wednesday, the U.S. Senate voted on a resolution that would roll back the previously introduced CFPB rule that gave it the power to monitor online payment platforms.

Under the proposed budget reconciliation bill, H.R. 1, the most recent Senate Committee mark-up would eliminate the ability for the CFPB to request funding from a portion of the Fed’s revenue.