U.S. consumers are at greater risk of being exploited by tech giants and financial firms after President Donald Trump fired a team of technologists from the Consumer Financial Protection Bureau (CFPB) ...

The article below was originally published Feb. 20, after newly installed CFPB leaders halted the agency’s work. The latest updates on changes to the CFPB under the Trump administration can be ...

Judge Amy Berman Jackson of the U.S. District Court in Washington also said the agency cannot "delete" or "remove" data held by the CFPB, while also saying the agency cannot transfer money from ...

Twenty-three attorneys general from across the country are warning that President Donald Trump’s efforts to defund and disband the Consumer Financial Protection Bureau (CFPB) would “significantly harm ...

But much of the ire is aimed at Russ Vought, the Office of Management and Budget director and the acting CFPB director. Predictably, a federal employees union quickly sued to stop the Trump ...

On February 7, 2025, President Donald Trump appointed Russell Vought to head the Consumer Financial Protection Bureau (CFPB). Shortly after, Vought announced that he had notified the Federal ...

In May 2024, former President Joe Biden’s CFPB sued the company, alleging it was deceiving borrowers and illegally extracting fees. The app feature in question allows users to give a “tip” t ...

Since it started to hire technologists in 2022, the CFPB has issued several multi-million dollar payment orders against financial technology companies including Wise, formerly TransferWise ...