Articles for Consumer Financial Protection

Judge blocks Trump effort to shutter Consumer Financial Protection Bureau
2 days, 13 hours ago

Judge blocks Trump effort to shutter Consumer Financial Protection Bureau

Al Jazeera  

The injunction is a setback for Trump, who has sought to streamline the federal government through cuts and layoffs. A federal judge has ordered a halt to attempts under President Donald Trump to dismantle the Consumer Financial Protection Bureau, an independent government agency charged with investigating and preventing financial malpractice. “If the defendants are not enjoined, they will eliminate the …

Financial Court Congress Trump Judge Jackson Wrote
Consumer Financial Protection Bureau won't be deleted, Trump administration says
1 month ago

Consumer Financial Protection Bureau won't be deleted, Trump administration says

Salon  

The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. Related Overdraft fees to be limited under new rule “The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” Vought said in the …

Trump Administration Cfpb Vought Consumer Financial Protection Bureau Deleted Trump
The People Carrying Out Musk’s Plans at DOGE
1 month ago

The People Carrying Out Musk’s Plans at DOGE

New York Times  

Amanda Scales Chief of staff, Office of Personnel Management Ms. Scales, who worked at Mr. Musk’s artificial intelligence company, has a senior role at the Office of Personnel Management, a powerful agency that manages government hiring. Agency involvement: Office of Personnel Management, Department of Justice Company involvement: X, SpaceX Ethan Shaotran Software engineer Mr. Shaotran is part of the cadre …

Services Urban Development Management Trump Personnel Office Treasury
Musk's team takes control of key systems at Consumer Financial Protection Bureau
1 month, 3 weeks ago

Musk's team takes control of key systems at Consumer Financial Protection Bureau

NPR  

Musk's team takes control of key systems at Consumer Financial Protection Bureau toggle caption Jon Cherry/Getty Images/Getty Images North America Representatives of Elon Musk's cost-cutting team have entered the Consumer Financial Protection Bureau and gained access to internal computer systems that manage the agency's human resources, procurement, and finance systems, according to a source familiar with the group's actions who …

Consumer Financial Musk Agency Bureau Cfpb Doge
Trump Fires The Director Of Consumer Financial Protection Bureau
1 month, 4 weeks ago

Trump Fires The Director Of Consumer Financial Protection Bureau

Huff Post  

LOADING ERROR LOADING PALM BEACH, Fla. — President Donald Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden administration holdover. In a social media post Saturday about his departure, Chopra thanked people across the country who “shared their ideas and experiences” with the government’s consumer financial watchdog agency. Consumer …

Support Consumer Trump Chopra Democrat Huffpost Financial Protection
Opinion: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well
3 months, 1 week ago

Opinion: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well

LA Times  

The billionaire Elon Musk and the California venture capitalist Marc Andreessen have started a debate about the role of government that we should be having — but it might not go the way they would hope. Tech moguls might hold a grudge when justice is done, but the 118,101 LendUp customers who received more than $40 million of their money …

Consumer Musk Financial Protection Bureau Payday Lenders Consumer Financial Protection Bureau Andreessen
Consumer Financial Protection Bureau: the watchdog Republicans love to hate
3 months, 2 weeks ago

Consumer Financial Protection Bureau: the watchdog Republicans love to hate

Salon  

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. More than 50 million online users have accessed answers to common personal finance questions on the agency’s Ask CFPB database, like “How will shopping for an auto loan affect my credit?” and “What should I do when a debt collector contacts me?” In one of the …

Law Consumer Financial Constitution Protection Trump Financial Institutions
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
10 months, 1 week ago

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

Associated Press  

WASHINGTON — The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. Outside the Supreme Court following the decision, Warren said, “The Supreme Court followed the law, and the CFPB is here to stay.” President Joe Biden, a fellow Democrat who has taken steps to strengthen the bureau, called the ruling “an …

Consumer Supreme Court Financial Constitution Congress Supreme Cfpb
Millennial Money: Why you should increase credit limits now
2 years, 6 months ago

Millennial Money: Why you should increase credit limits now

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not uncommon for credit card issuers to minimize …

Credit Credit Cards Covid Cards Increase Limits Available
Medical debt upended their lives. Here's what it took from them
2 years, 9 months ago

Medical debt upended their lives. Here's what it took from them

NPR  

Medical debt upended their lives. Approximate Medical Debt: $10,000 Medical Issue: Cancer Enlarge this image toggle caption Jamar Coach for KHN and NPR Jamar Coach for KHN and NPR What Happened: Monica Reed considers herself luckier than most. Approximate Medical Debt: $160,000 Medical Issue: Heart ablation Enlarge this image toggle caption Bram Sable-Smith/KHN Bram Sable-Smith/KHN What Happened: Kareen King calls …

Health Insurance Health Care Credit Patients Health Insurance Texas
His app lends money for free. But it will probably cost you
2 years, 10 months ago

His app lends money for free. But it will probably cost you

LA Times  

Brendan Goad is just the kind of customer Dave Inc. is looking for. “The business was born to kill the expensive cost of overdrafts.” — Jason Wilk, 36, co-founder of Dave Dave co-founder Jason Wilk, 36, also the company’s chief executive and chairman. “Those fees can add up and it’s just another way of making money off you.” The company …

Consumer Money Interest Rates Fees Company App Cost
Supreme Court Strikes Down Consumer Financial Protection Bureau Leadership
4 years, 9 months ago

Supreme Court Strikes Down Consumer Financial Protection Bureau Leadership

Huff Post  

LOADING ERROR LOADING The president has broad authority to dismiss the head of the Consumer Financial Protection Bureau, the Supreme Court ruled Monday in a 5-4 decision along ideological lines. The court’s narrow ruling in Selia Law v. Consumer Financial Protection Bureau is a short-term win for the financial industry that will nevertheless leave many consumer advocates breathing a sigh …

Law Consumer Financial Court Director Case Republican
New CFPB Director Kathy Kraninger says she won’t be a puppet of Mick Mulvaney
6 years, 3 months ago

New CFPB Director Kathy Kraninger says she won’t be a puppet of Mick Mulvaney

LA Times  

Kathy Kraninger, the new director of the Consumer Financial Protection Bureau, speaks with reporters Tuesday at the agency’s headquarters in Washington. On her first full day leading the Consumer Financial Protection Bureau, Kathy Kraninger said she won’t be a puppet of Mick Mulvaney, the controversial acting director whom she replaced in the powerful regulatory position. To underscore that point, the …

Consumer Financial Agency Bureau Mulvaney Consumer Advocates Mick Mulvaney
Leandra English resigns from CFPB and drops her legal fight to be its acting director
6 years, 8 months ago

Leandra English resigns from CFPB and drops her legal fight to be its acting director

LA Times  

Leandra English, left, the deputy director of the Consumer Financial Protection Bureau, meets with Senate Democratic leader Charles E. Schumer and Sen. Elizabeth Warren in November. Leandra English is dropping her legal fight to temporarily lead the Consumer Financial Protection Bureau and will step down as the agency’s deputy director, she and her attorney announced Friday. English said she will …

Consumer Financial Protection Director Trump Acting Senate
Clash For Control Of Consumer Financial Protection Bureau Heads To Court
6 years, 11 months ago

Clash For Control Of Consumer Financial Protection Bureau Heads To Court

NPR  

Clash For Control Of Consumer Financial Protection Bureau Heads To Court Enlarge this image toggle caption Alex Wong/Getty Images Alex Wong/Getty Images As the current Consumer Financial Protection Bureau head sparred with the agency's champion, Sen. Elizabeth Warren, in a congressional hearing, a legal battle over who gets to run the bureau escalated in a Washington, D.C., courtroom on Thursday. …

Consumer English Financial Court Director Congress Trump
‘Consumer’ may get a demotion if Mick Mulvaney’s CFPB overhaul includes altering its name
6 years, 11 months ago

‘Consumer’ may get a demotion if Mick Mulvaney’s CFPB overhaul includes altering its name

LA Times  

Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington on Nov. 27, 2017. Mick Mulvaney’s overhaul of the Consumer Financial Protection Bureau is so extensive it now could include revising the agency’s name and discarding its simple, modern logo. Consumer advocates worry that the wording change and …

Consumer Financial Protection Director Republican Obama Seal
Consumer Financial Protection Bureau appears to shed its aggressive reputation
7 years, 1 month ago

Consumer Financial Protection Bureau appears to shed its aggressive reputation

LA Times  

The Consumer Financial Protection Bureau asked a federal judge in Kansas to dismiss a case in which it had alleged four lenders’ loans violated interest rate caps in many states. “But it’s not clear if Golden Valley was dismissed because of the novelty of the claim, because it was a payday case or because of the involvement of Indian tribes.” …

Consumer Law Financial Industry Protection Director Trump Case
Consumer Financial Protection Bureau’s structure is constitutional, appeals court rules in a blow to agency’s opponents
7 years, 1 month ago

Consumer Financial Protection Bureau’s structure is constitutional, appeals court rules in a blow to agency’s opponents

LA Times  

Supporters of the Consumer Financial Protection Bureau might have just won the war over the future of the controversial watchdog even as they are losing battle after battle over its operations under President Trump. While Hensarling said he was “deeply disappointed” in the ruling, he added that he took “great solace in the fact that Mick Mulvaney can use his …

Consumer English Structure Financial Protection Court Director
Explaining The Consumer Financial Protection Bureau Confusion
7 years, 4 months ago

Explaining The Consumer Financial Protection Bureau Confusion

NPR  

Explaining The Consumer Financial Protection Bureau Confusion With the director of the Consumer Financial Protection Bureau stepping down, there's a dispute between the outgoing chief and the White House over who will take over as acting director. SCOTT SIMON, HOST: On Monday morning, a couple of people could show up at the Consumer Financial Protection Bureau - both of them …

Consumer Protection Director White House Acting White House
Richard Cordray is resigning as Consumer Financial Protection Bureau chief
7 years, 4 months ago

Richard Cordray is resigning as Consumer Financial Protection Bureau chief

LA Times  

Richard Cordray announced that he expects to step down before the end of the month as director of the Consumer Financial Protection Bureau. Richard Cordray announced his impending resignation Wednesday to the staff of the Consumer Financial Protection Bureau, which was established by the 2010 Dodd-Frank Wall Street reform act after the financial crisis. “Under a new director, I think …

Consumer Financial Director Trump Acting Consumers This Article
Richard Cordray could step down soon, leaving the Consumer Financial Protection Bureau in limbo
7 years, 6 months ago

Richard Cordray could step down soon, leaving the Consumer Financial Protection Bureau in limbo

LA Times  

Richard Cordray, director of the Consumer Financial Protection Bureau, arrives at the Treasury Department for a regulatory meeting in 2016. The Republican push to oust Richard Cordray as director of the Consumer Financial Protection Bureau soon might get a boost from an unexpected source: Cordray himself. “It’s certainly not going to be clear sailing.” The 2010 Dodd-Frank financial reform law, …

Consumer Financial Political Director Trump Acting Democratic
Consumer Financial Protection Bureau director says Trump won’t change agency’s aggressive efforts
8 years, 2 months ago

Consumer Financial Protection Bureau director says Trump won’t change agency’s aggressive efforts

LA Times  

Richard Cordray, director of the Consumer Financial Protection Bureau, arrives at a meeting at the Treasury Department in November. The nation’s top consumer financial watchdog, who some Republicans want President Trump to fire, said Tuesday that the new Republican administration won’t change his approach to aggressively hold banks and other financial firms accountable. Richard Cordray, director of the Consumer Financial …

Consumer Financial Trump Republican President Bureau Consumer Financial Protection Bureau
Consumer Financial Protection Bureau Could Be Defanged Under Donald Trump
8 years, 4 months ago

Consumer Financial Protection Bureau Could Be Defanged Under Donald Trump

Huff Post  

LOADING ERROR LOADING WASHINGTON, Nov 11 - The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. The Consumer Financial Protection Bureau, which was designed to protect consumers’ finances, is considered …

Consumer Financial Director Congress Trump Democratic Republican