The Consumer Financial Protection Bureau’s (CFPB) leadership is planning to fire nearly all 1,700 employees while gradually shutting down the agency, CNBC reported on Friday citing court filings.An employee revealed that CFPB leaders, alongside Elon Musk’s Department of Government Efficiency...
United States Consumer Financial Protection Bureau (CFPB) COO Adam Martinez told employees to continue their work remotely because the headquarters in Washington is shut down, CNBC reported on Sunday citing a memo it obtained.Sources told CNBC that the Department of Government...
United States President Donald Trump appointed Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau (CFPB) after dismissing former head Rohit Chopra."I look forward to working with the CFPB to advance President Trump's agenda to lower costs for the...
The United States Consumer Financial Protection Bureau (CFPB) is aiming to put Alphabet Inc.'s Google LLC under federal supervision, the Washington Post reported on Thursday citing sources briefed on the matter.According to the sources, during highly secretive discussions that have been taking...
The United States Consumer Financial Protection Bureau (CFPB) ordered Goldman Sachs to pay $65 million, comprising $19.8 million in redress and a $45 million civil money penalty, and Apple to pay a civil money penalty of $25 million over their consumer credit card business."The CFPB found that...
The United States Consumer Financial Protection Bureau (CFPB) is reportedly readying to fine Goldman Sachs for its management of the Apple credit card initiative, with expected penalties exceeding $50 million, the Wall Street Journal reported on Tuesday, citing people with knowledge of the...
The United States Consumer Financial Protection Bureau (CFPB) is investigating JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and others over fraudulent transactions on their Zelle payment platform, the Wall Street Journal reported on Wednesday.
The probe is wide-ranging and...
United States President Joe Biden praised the Supreme Court's ruling from earlier in the day that said the funding of the Consumer Financial Protection Bureau (CFPB) is constitutional."Today's Supreme Court ruling is an unmistakable win for American consumers," Biden stated. "Since President Obama...
The United States Supreme Court ruled on Thursday that the funding of the Consumer Financial Protection Bureau (CFPB) that bypasses congressional authorization, is constitutional.The Supreme Court voted 7-2 that the funding of the agency, which was authorized by Congress to come from the...
The United States Consumer Financial Protection Bureau (CFPB) proposed on Tuesday to extend the supervision of nonbank digital payment companies dealing with over 5 million transactions annually.
According to the statement, the institution perceives that Big Tech companies and "other large...
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