LND topic: consumer-financial-protection-bureau page 1

consumer financial protection bureau

The CFPB's Fate Hangs in the Balance

April 18, 2025

The Consumer Financial Protection Bureau (CFPB) is in a tough spot. A federal judge has put a hold on a plan to fire a huge chunk of its staff. This move comes from the Trump administration, which has been trying to reshape the bureau since taking office. The CFPB was created after the 2008 financia

politics

The CFPB's Big Shakeup: What You Need to Know

April 18, 2025

A major overhaul hit the Consumer Financial Protection Bureau (CFPB) recently. Over 1, 400 workers were let go, leaving just around 200 employees. This move came after a federal judge's temporary order was overturned, allowing the terminations to proceed. The CFPB, created post-2008 financial crisis

politics

Court Halts Trump's Plan to Close the Consumer Financial Protection Bureau

March 29, 2025

The Consumer Financial Protection Bureau (CFPB) dodged a bullet recently. A federal judge stepped in to stop the Trump administration from shutting it down. The judge, Amy Berman Jackson, issued a temporary order to keep the agency running while the court decides if the shutdown is legal. The CFPB

politics

Capital One's Legal Drama: A Sudden End

February 28, 2025

The Consumer Financial Protection Bureau (CFPB) recently made a surprising move. They decided to drop a lawsuit against Capital One. This lawsuit was all about how Capital One was accused of tricking customers. The CFPB claimed that Capital One used sneaky tactics to cheat customers out of $2 billio

politics

Elon Musk's Power Play: Shutting Down the Consumer Watchdog?

February 13, 2025

Imagine this: a powerful regulator, created to protect everyday folks from financial tricks, suddenly gets shut down. That's what happened to the Consumer Financial Protection Bureau (CFPB). It was set up after the big financial crisis in 2008. The CFPB was supposed to be a shield against unfair pra

politics

Closures and Suspensions: The workforce units shut down unexpectedly.

February 10, 2025

The Consumer Financial Protection Bureau has been abruptly shut down. The directive was sent from Vought. It said the Consumer Financial Protection Bureau must cease nearly all of its work. It was created all the way back in 2010 when overtures from Obama and a disenfranchised public sparked the

politics

Power Shifts at Consumer Watchdog Agency

February 9, 2025

In a surprising move, Office of Management and Budget Director Russell Vought is now the acting head of the Consumer Financial Protection Bureau (CFPB). This change happens after Treasury Secretary Scott Bessent's short stint, who was accused of halting work at the bureau. Democrats had pushed back

politics

A Change at the Top for Consumer Finance

February 2, 2025

The Consumer Financial Protection Bureau (CFPB) is now looking for a new leader. Rohit Chopra, the agency's former head, stepped down after President Donald Trump decided to let him go. Chopra had been in charge of the CFPB, which acts as a watchdog for consumer finances, and he had a lot of disagre

politics

Fired: The Fall of CFPB's Chopra

February 1, 2025

Rohit Chopra's time as the head of the Consumer Financial Protection Bureau (CFPB) came to an end when President Trump decided to let him go. Chopra's journey at the CFPB saw him push for changes that the financial industry didn’t always love. He tried to remove medical debt from cred