In a surprising move, the top U. S. consumer finance watchdog has decided to ditch a registry that kept track of companies breaking the rules. They said it wasn't worth the cost. This decision came after they also reversed a policy that would have stopped medical debts from showing up on credit repo
The Consumer Financial Protection Bureau (CFPB), once a fierce protector of consumers' financial rights, now sits idle. Employees describe a surreal work environment where they are paid but forbidden to do their jobs. The bureau, tasked with overseeing banks and financial services, has been effectiv
The Consumer Financial Protection Bureau (CFPB) is in a tight spot. Over 1, 400 of its employees were about to be shown the door. But a judge stepped in and said, "Not so fast. " The Trump administration wanted to cut about 90% of the agency's workforce. But Judge Amy Berman Jackson in Washington, D
The Consumer Financial Protection Bureau (CFPB) is facing a major overhaul. A significant number of its employees received termination notices. This move is part of a broader plan to reshape the agency, which was established to protect consumers from unfair financial practices. The CFPB has been ac
Imagine this: a government agency tasked with protecting consumers is suddenly on the chopping block. The Consumer Financial Protection Bureau (CFPB), created after the 2008 financial crisis to shield consumers from shady lending practices, is now facing a massive overhaul. Employees have spilled th
The Consumer Financial Protection Bureau (CFPB) has decided to drop its case against Capital One. This move comes after the bureau accused Capital One of misleading customers with two savings accounts that had similar names but very different interest rates. Customers were not informed about the sig
The Consumer Financial Protection Bureau (CFPB) recently made a surprising move. They decided to drop a lawsuit against Capital One. This lawsuit was all about how Capital One was accused of tricking customers. The CFPB claimed that Capital One used sneaky tactics to cheat customers out of $2 billio
In the nation's capital, a significant showdown is unfolding between a labor union and the acting head of the Consumer Financial Protection Bureau (CFPB), with employees and their representatives fighting back against unexpected directives. This past weekend, the CFPB was thrown into chaos as its ac
Imagine this: a billionaire with a big plan, a consumer agency that put cash back in people's pockets, and a political move that could put the squeeze on everyday Americans. This is what happened when a major figure in tech made a bold statement about the Consumer Financial Protection Bureau (CFPB),
Election Day exit polls showed that voters were mainly concerned about the economy. They hoped a new government would help them cope with rising prices. But something surprising happened. Elon Musk, who is helping to lead a new Department of Government Efficiency, wants to shut down the Consumer Fin
