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

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has seen significant changes since President Donald Trump fired former Director ...

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 ...

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 ...

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 ...

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 ...

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 final decision on whether the CFPB budget provision or others will be included in the final bill lies with the Senate parliamentarian. But committee Democrats wasted little time in criticizing the ...

The CFPB is funded through the Federal Reserve, not the Congressional appropriations process. But in the latest version of the bill to come out of the Senate Banking Committee, the CFPB’s ...