CFPB, remove medical debt and fair credit reporting act
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Supreme Court rulings and provisions in the recently-passed budget bill are bolstering the legality of the administration's effort to fire more than 1,000 employees at the Consumer Financial Protection Bureau.
A group of senators says they have "profound alarm" and are demanding answers over the unprecedented decision by the government's consumer watchdog to drop its case against Navy Federal Credit Union for charging its members millions in illegal overdraft fees.
President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial Protection Bureau. CFPB funding would fall to 6.5% of the annual operating expenses of the Federal Reserve,
FirstCash to pay $9 million in refunds and penalties for illegal pawn loans to servicemembers CFPB lawsuit alleged loans exceeded 36% APR cap and impo
States have passed new laws and hired ex-bureau staff, but some suggest the shift is more evolutionary than revolutionary.
The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop chain owner FirstCash Inc and its subsidiaries for alleged violations of the Military Lending Act, the consumer watchdog agency said Friday.
A federal judge has struck down a Biden-era rule which would have eliminated medical debt from Americans credit reports.