Cutting regulations on bank fees, lenders, and the failure to disburse funds for harmed borrowers had run counter to Trump's campaign pledges.

Millions of Americans could lose vital financial protections as the Trump administration moves to dismantle the nation's ...

The CFPB is effectively shut down. Following email directives from Russell Vought, the newly appointed acting director of the CFPB and head of the Office of Management and Budget under the Trump ...

The CFPB capped most bank overdraft fees at $5 in a rule announced in December. Fees have averaged around $27 . Argument for: The agency said overdraft fees, like late fees, are needlessly high.

A new report shows how the CFPB has helped service members and veterans who may be more susceptible to financial exploitation and scams.

As of the end of January, the CFPB has recouped nearly $20 billion for about 195 million consumers in the form of monetary compensation, principal reductions, canceled debts and other consumer relief.

The CFPB was on the brink of shutdown. Here’s what a judge’s temporary stay means for borrowers and consumers. The D.C. district court judge’s decision is another rebuke to the Trump ...

The CFPB’s Headquarters Shutdown Came Swiftly, Under a Veil of Secrecy Elon Musk’s Department of Government Efficiency, known as DOGE, used a take-no-prisoners approach in shuttering the ...

What CFPB Shutdown Means for Junk Fees. Published Feb 11, 2025 at 6:05 PM EST Updated Feb 11, 2025 at 10:06 PM EST. By . Claire Dickey is a Newsweek senior editor based in Florida.

CFPB shutdown challenged in court. Advocacy groups have sued the Trump administration over efforts to shut down the CFPB, alleging illegal funding cuts that harm consumers.

Former CFPB Director Rohit Chopra warns that shutting down the agency is a risk for another financial crisis, drawing a comparison to the 2007-08 economic crash.