The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from unfair lending practices, and much more. Here’s what might happen
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
Trump’s Billionaire Buddy Halts Work at Federal Consumer Protection Agency
President Donald Trump’s Treasury Secretary Scott Bessent has been tapped to direct the Consumer Financial Protection Bureau on an acting basis. In a staff email obtained by The Washington Post, Bessent and his aides reportedly instructed employees to immediately stop the bureau’s current work including drafting regulations,
Trump appoints treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.
Breaking: Treasury Secretary Bessent Heads Consumer Financial Protection Bureau, Immediately Orders Freeze of CFPB Activities
On Saturday, February 1, 2025, it was announced that President Donald Trump had removed Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB). In a statement from the CFPB on February 3,
Trump Appoints Treasury Secretary Scott Bessent as Acting CFPB Director
President Donald Trump appointed Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau, Bessent announced Monday. Former Director Rohit Chopra, appointed by President Joe Biden in 2021,
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CFPB agrees to temporarily halt medical debt rule
The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement ...
Musk's DOGE Descends on CFPB With Eyes on Shutting It Down
Elon Musk’s Department of Government Efficiency has embedded itself inside the Consumer Financial Protection Bureau, the ...
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New Administration Outlook: What Does the CFPB "Freeze" Mean for Regulations and Pending Litigation?
Treasury Secretary Scott Bessent, who is currently serving as the acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff ...
The Trump-Musk Presidency is killing the CFPB
Just as Elon Musk's X pushes into financial services, the agency responsible for protecting citizens from such companies is ...
Elizabeth Warren Urges Trump to Support CFPB Efforts to Fight Debanking
Democratic Senator Elizabeth Warren urged President Donald Trump to work with regulators to stop what she called unjustified ...
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Elizabeth Warren urges White House to ‘unfreeze’ CFPB
Sen. Warren is urging the acting CFPB director to "unfreeze" the agency, appealing to potentially common ground with ...
Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.
Treasury Secretary Scott Bessent ordered the Consumer Financial Protection Bureau to halt work Monday, following months of ...
CFPB Workers File Grievance to Block Deferred Resignation Plan
The union representing Consumer Financial Protection Bureau employees says that a deferred resignation proposal from the ...
Trump's consumer watchdog freezes CFPB activity on first day of job
U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance ...
Trump removes Rohit Chopra as director of CFPB
The change in leadership could portend radical changes at one of the nation’s most powerful consumer watchdog agencies.
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CFPB Orders Money Exchange Company to Pay $2.5 Million Over Remittance Practices
On January 30, 2025, the Consumer Financial Protection Bureau (CFPB) announced  that it had entered into a consent order with an ...