Consumer News Supreme Court Keeps Cfpb In Place But Says President Can Fire Its Director At Will
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The Consumer Financial Protection Bureau’s argument that it’s running out of money and can’t request additional funding brings more chaos for banks, financial technology firms, and other companies ... Read More
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The Department of Justice told a court that the bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the ... Read More
CFPB Proposes Gutting Fair Lending Enforcement Standards (1)
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Trump administration declares CFPB funding illegal
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Trump Administration Could Defund CFPB By 2026
Key Points ・The Trump administration says that the Consumer Financial Protection Bureau’s (CFPB) funding mechanism can no longer draw money from the Federal Reserve. ・The CFPB expects to exhaust its ... Read More
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