DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it ...
JD Supra14d
The New CFPB Small Business Lending Rule Moves Forward
The SBLR was initially enjoined nationally by a Federal Court in the Southern District of Texas which determined that the CFPB’s funding structure violated the Constitution’s appropriation’s clause[2] ...
JD Supra15d
CFPB Finalizes Controversial Overdraft Overhaul
On Dec. 12, the Consumer Financial Protection Bureau (CFPB) finalized a controversial rulemaking that would fundamentally alter how banks and ...
American Banker23d
CFPB's Chopra says he won't resign, but he will leave
Republicans are widely expected to try to pass bills next year that would turn the CFPB's single-director structure into a five-member commission and subject the bureau to congressional appropriations ...
Trump Can’t ‘Delete’ This Consumer Watchdog. He Could Kneecap It, Though.
A federal agency charged with protecting consumers from abuses by banks, lenders, and other financial institutions faces an ...
Hosted on MSN23d
‘Regulatory Nightmare’: Sen. Britt Grills CFPB Director on Scams and Oversight
At a Senate Banking Hearing, Sen. Katie Britt questioned CFPB Director Rohit Chopra on the agency’s structure, accountability, and priorities. She criticized its focus on last-minute regulations ...
US government sues Walmart, Branch Messenger over delivery driver 'junk fees'
The U.S. consumer finance watchdog accused Walmart and the workforce payments company Branch Messenger on Monday of forcing ...