The withdrawn guidance is a “natural outgrowth” of the Trump administration’s hostility toward disparate impact claims, said ...

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 ...

Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial ...

On August 26, 2025, the CFPB published a notice of proposed rulemaking to narrow the scope of its authority to designate nonbanks for supervision under the Consumer Financial Protection Act (CFPA).

Russell Vought’s dismantling of the Consumer Financial Protection Bureau is putting the public at risk in areas ranging from auto loans and digital payments to credit cards and credit reports. Two ...

Russell Vought, acting director of the Consumer Financial Protection Bureau, also heads the Office of Management and Budget. The Consumer Financial Protection Bureau is rescinding two Biden-era rules ...

Congress established the CFPB with the Dodd-Frank Act in 2010, in the wake of the 2008 economic crisis. One of its goals was to strengthen and consolidate consumer protection powers that had been ...

In a recent court filing, OMB Director Russell Vought contends that the Bureau is legally barred from drawing funds from the Federal Reserve, the mechanism through which it has traditionally been ...

Senate Democrats warned that CFPB closure could disrupt APOR publication, risking higher mortgage costs and reduced credit access. AI Summary U.S. Senate Democrats sent a letter to Consumer Financial ...

On November 21, the CFPB announced changes to how its Supervision Division will conduct examinations, including a new “Humility Pledge” that examiners must read to supervised entities at the start of ...

A security officer works inside of the Consumer Financial Protection Bureau (CFPB) building headquarters Monday, Feb. 10, 2025, in Washington. (Jacquelyn Martin/AP) Eight Democrats in the Senate have ...