Consumer News Banks Have Long Knives Out For Consumer Watchdog Cfpb

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

Consumer Bureau’s Bank Examiners Criticize New ‘Humility Pledge’

The Consumer Financial Protection Bureau said it would require a vow to “work collaboratively” with companies before beginning a review. Read More

Banks push back on CFPB plan to curb nonbank supervision

Bank trade groups and consumer advocates — two groups rarely in agreement — have found common ground in pushing back against the Consumer Financial Protection Bureau's plan to cut supervision of ... Read More

Consumer groups oppose CFPB plan to scale back supervision

Critics say reduced supervision favors lawbreakers and risks another financial crisis A coalition of 31 consumer advocacy groups is urging the Consumer Financial Protection Bureau (CFPB) not to roll ... Read More

Union asks judge to order Trump officials to fund US consumer watchdog

A federal employees' union on Sunday asked a federal judge to order the Trump administration to fund the top U.S. consumer watchdog, weeks after the agency said its cash could run out by year's end. 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