Beware of influencers bearing tall tales: the CFPB is not handing out money

Social media influencers falsely claim CFPB will pay out victims of Zelle and Cash App scams • Misinformation drives tens of thousands of dubious comp ... Read More

FTC Sees Dismantling of Consumer Watchdog as Growth Opportunity

The Federal Trade Commission, charged with enforcing consumer protections, is seizing on an opening as the Trump administration dismantles the Consumer Financial Protection Bureau. Read More

Consumer Reports: CFPB not handing out cash to those scammed on Zelle, Cash App

Free money from Zelle or Cash App — just for filling out a government form? That’s what some TikTok videos claim. But it’s simply not true. Read More

What Is the Consumer Financial Protection Bureau and Why Does It Matter?

New financial products that conceal their true costs and terms.  For help with those problems, millions of consumers in the U.S. have been turning to a small and relatively new federal agency: the ... Read More

Cuts to CFPB staffing could complicate enforcement of Trump’s executive order on ‘debanking’

An executive order seeking to stop banks from discriminating against customers could be undermined by the administration’s gutting of the Consumer Financial Protection Bureau, which had been ... Read More

Consumer watchdog CFPB clearing remaining cases prior to expected mass firings

Nearly all pending compliance issues flagged by CFPB examiners are being closed without verification. Mass layoffs and budget cuts threaten the agency’s ability to police banks and finance companies. Read More

Trump’s CFPB Has Dropped More Than 20 Cases. Consumers Could Miss Out on ‘Potentially Over $3 Billion’

Few federal agencies have experienced the upheaval that the Consumer Financial Protection Bureau has faced so far in 2025. The Trump administration has attempted to fire much of the agency’s workforce ... Read More

Consumer Watchdog Drops Probe Into Trump Jr.-Linked Lender, Citing Bias Allegations

The CFPB dropped its Credova probe, tied to Donald Trump Jr., calling the Biden-era case biased in a new letter. Read More

CFPB revamps 1033 open banking rule with new focus on fees

The Consumer Financial Protection Bureau has done an about-face on its open banking rule, issuing a new proposal seeking comment on whether banks can charge fees for data access and if third parties ... Read More