“It’s pretty ludicrous,” this witness said. The CFPB did not respond to a request for comment. When the CFPB prepares to file a lawsuit against a company, it typically hires ...

Major CFPB cases are in limbo, including lawsuits against Capital One and Walmart. With fewer regulatory constraints, banks and lenders may adjust their fee structures and lending policies ...

The Trump administration's work to shut down the Consumer Financial Protection Bureau could hit American consumers in the wallet. It could also spare Elon Musk's business interests from unwanted ...

The Consumer Financial Protection Bureau (CFPB), a government watchdog created in July 2011 to combat financial fraud and protect consumers, is the latest target of President Donald Trump and Elon ...

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

He also forbade CFPB workers from making court appearances other than to pause or postpone proceedings. The move put an abrupt halt to several active lawsuits and investigations against companies ...

After weeks of former CFPB Director Rohit Chopra emptying the shelves with dozens of new regulations, proposals and enforcement activity, the financial services industry now faces whiplash as the ...

The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters. Photo: Getty Images The Consumer Financial Protection Bureau, which Congress established to monitor credit card ...

Within 24 hours of being put at the helm of the bureau, Acting Director Russell Vought instructed all CFPB employees to stop all work and requested that its funding for the year ahead be slashed to ...

WASHINGTON — The nearly 1,700 employees of the Consumer Financial Protection Bureau (CFPB) were told Monday not to come to the office or do any work — as the agency became the latest target of ...