The Consumer Financial Protection Bureau remains in limbo after President Donald Trump’s attempt to fire nearly everyone at the agency was paused on Friday by a federal judge. U.S. District Judge Amy Berman Jackson said she was worried the layoffs would violate earlier court decisions. In her written order, she said the administration was poised to…
The House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.” The resolution (H.J.Res.64) says that Congress disapproves the rule and “such rule shall have no force or effect.” It passed in a…
U.S. District Judge Amy Berman Jackson issued a preliminary injunction Friday that blocks the Trump administration from dismantling the Consumer Protection Financial Bureau. “The court cannot look away or the CFPB will be dissolved and dismantled completely in approximately thirty days, well before this lawsuit has come to its conclusion,” she wrote in a 112-page…
Capitol Hill Republicans are looking to scrap a pair of major consumer protection rules as they seek to roll back some of the Biden administration’s last-minute regulatory moves. Last week, GOP leaders took their first step toward nixing a $5 cap on bank overdraft fees, which had provoked furious opposition and a legal challenge from…
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog? – CBS News Watch CBS News Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration’s attempts to dismantle it. Be the first to know Get browser notifications…
The Trump administration has ordered an effective shutdown of the Consumer Financial Protection Bureau (CFPB), directing the agency to stop investigations, suspend rule implementations, and cease supervision activities. Russell Vought, the newly appointed director of the Office of Management and Budget, issued the order in a Saturday night email. Newsweek reached out to the White…
Judge blocks Elon Musk’s DOGE from accessing Americans’ sensitive data – CBS News Watch CBS News Elon Musk and his team of cost-cutters at the Department of Government Efficiency have found their next target, the Consumer Financial Protection Bureau. But security concerns about their actions – and access – to other agencies have prompted new…
President Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden Administrator holdover. Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Mr. Trump took office on Jan. 20. In a letter to the…
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that was scheduled to run through late 2026. “With so much power concentrated in the hands of a few, agencies like the C.F.P.B. have never been more critical,” Mr. Chopra wrote in a letter he posted…
When you scraped together enough money for the down payment, you thought you were all set to buy a house. Then you found out about closing costs. Closing costs are fees charged by the lender and other third parties that you pay when you sign the loan. While you’re signing a not-so-small hill of paperwork,…