“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 ...

He and I conducted via email the interview below about the ongoing shutdown of the Consumer Financial Protection Bureau (CFPB), and what it means for both the financial sector and consumers.

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 ...

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 ...

The consumer watchdog agency began layoffs on Thursday. Government lawyers representing the acting director of the Consumer Finance Protection Bureau reached an agreement during a court conference ...

U.S. District Judge Amy Berman Jackson on Friday issued an order reflecting the agreement to not terminate the agency’s employees, delete CFPB data or transfer money out of its reserves for now.

"CFPB RIP," Musk wrote on X on Friday. The Consumer Financial Protection Bureau, a federal agency designed to prevent another financial crisis and protect people from scams, has halted most of its ...

The Trump administration has agreed to pause layoffs and funding cuts at the Consumer Financial Protection Bureau, or CFPB, the federal agency responsible for cracking down on “junk” fees and ...

"It is Congress that created the Consumer Financial Protection Bureau, and it is only Congress, not Donald Trump, not Elon Musk … who can actually get rid of the CFPB," Warren (D-Mass.) ...