The Trump administration has ordered work stoppages and layoffs and has tried cutting off funding to effectively dismantle the Consumer Financial Protection Bureau.
CFPB
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Nearly two dozen states sue the Trump administration over funding for CFPB
The attorney generals say the Trump administration is refusing to accept funding for the Consumer Financial Protection Bureau, which could hurt consumers in their states.
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Judge blocks mass layoffs at CFPB in the latest twist over the fate of the agency
In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency’s staff. “[A]ll that matters is the numbers,” one employee said they were told by leaders.
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Federal judge prevents Trump administration from dismantling CFPB
The temporary injunction issued by Judge Berman Jackson seeks to preserve the Consumer Financial Protection Bureau as a lawsuit filed by the agency’s union proceeds.
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The CFPB drops its lawsuit against Capital One, marking a major reversal
The consumer protection agency also dropped cases against four other companies including Rocket Homes.
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Federal judge blocks CFPB from laying off more employees
The ruling from a federal court in Washington, D.C., is a reprieve for CFPB staff who had been bracing for mass layoffs as early as Friday.
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Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
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Trump fires chief of the federal consumer watchdog agency
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.
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New rules will ban medical debt from your credit report
The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.
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Apple and Goldman Sachs ordered to pay $89 million over Apple Card failures
Regulators say the companies hurt hundreds of thousands of users of the credit card, which Apple launched in 2019.
