Browsing: CFPB

Acting Consumer Financial Protection Bureau Director and Office of Management and Budget Director Russell Vought.Bloomberg News Processing ContentKey insight: The Consumer Financial Protection Bureau is recruiting…

Processing ContentKey insight: The agency’s enforcement and supervision units would face the heaviest hits, with staffing plummeting by 80%.Supporting data: CFPB officials alleged that a new…

While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a…

Key insight: The court declared that Consumer Financial Protection Bureau Director Russell Vought’s decision not to request funding for the agency was a “transparent display of…

Processing ContentKey insight: CashCall is officially on the hook for a $134 million restitution payout to compensate consumers who were harmed by the company’s illegal loan…

What’s at Stake: The CFPB’s top managers want to fire 90% of the staff, which would both dramatically reduce the agency’s headcount and severely cripple the…

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing ContentWhat’s at stake: The appeals…

Key insights: New York state is working on tougher regulations for buy now/pay later lending. What’s at stake: The move comes as the Consumer Financial Protection…

What’s at stake: Consumer advocates and some corporate debt collectors fear that possible changes to the consumer complaint portal — such as mandatory two-factor authentication and…

The U.S. Consumer Financial Protection Bureau headquarters in Washington, Feb. 2, 2025.Bloomberg | Bloomberg | Getty ImagesFederal student loan borrowers submitted a record number of complaints…