"The CFPB's decision not to prioritize enforcement actions taken on the basis of buy now, pay later loans is troubling," says Eric Chaffee, professor of law at Case Western Reserve University ...

Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The U.S. did not need a new government agency.

Given the CFPB’s recent lack of action, enforcement experts don’t believe a proposed 50% budget cut will have much of an impact July 2, 2025, 4:22pm by Brooklee Han ...

Under the CFPB's original order issued in November 2024, Navy Federal agreed to pay at least $80.2 million in restitution to its members who were allegedly charged overdraft fees on their accounts ...

The CFPB requests its annual budget from the Fed every year, effectively as a line of credit from the central bank. It has never needed the entire 12% of the Fed’s profits, but it has come close ...

On May 1, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement or supervision of its small business lending data collection rule (the “Rule ...