The Federal Government founded CFPB in 2011 in response to the financial crisis that preceded the Great Recession, with the objective to offer consumers financial protections from fraud and scams.

Last week, several CFPB employees — some anonymous but who offered to provide their identities to the judge under seal — submitted sworn statements that the Trump administration is trying to ...

Even the CFPB’s own complaint data undermines the need for this rule. Between the mid-2010s and early 2020s, complaints about unauthorized or repeated debits fell by more than 80% .

CFPB clarifies credit report usage under FCRA, ... CFPB ‘makes clear’ credit report usage under FCRA. Wednesday, Jul. 13, 2022, 03:36 PM. SubPrime Auto Finance News Staff.

The CFPB’s message is clear: lenders must take accountability for ensuring accurate, timely refunds. The tools to bridge the gap between origination and servicing systems already exist, and it ...

The beneficiaries of a weakened CFPB are clear: big banks, payday lenders, debt collectors, and financial institutions that have long fought against consumer protection.

Effective Oct 2025, CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.

And NPR's Scott Horsley walks through the track record of the CFPB since its founding in the wake of the 2008 financial crisis. Email us at [email protected]. Consider This from NPR.

CFPB Sues Snap Finance, ... “We believe Snap Finance’s practices have been transparent and compliant with both the letter and spirit of the law,” the spokesperson said.

During Chopra’s tenure, the CFPB’s regulations and guidance touched myriad parts of the U.S. financial markets. The CFPB has extended its tentacles into every aspect of consumer financial data.