US appeals court tosses decision allowing Trump mass firings at consumer bureau

The full bench of the federal appeals court in Washington on Wednesday tossed out an earlier decision that would have allowed ...
Forbes

How Trump’s Hatchet Man Is Destroying Consumer Protections

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 ...
Government Executive

Trump may proceed with dismantling and mass layoffs at CFPB, court rules

The Trump administration can proceed with its dismantling of the Consumer Financial Protection Bureau, a federal appeals court ruled on Friday, allowing the agency to move forward with widespread ...

US consumer bureau to issue 'interim final' open banking rule, cites funding shortfall

The top U.S. watchdog agency for consumer financial protection said Tuesday it will issue "interim" regulations governing ...
American Banker

CFPB proposes a rule change to cut nonbank supervision

The Consumer Financial Protection Bureau is proposing reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and ...
The National Law Review

Consumer Financial Protection Bureau Proposes New Rules Reducing Regulatory Burdens on Consumer Reporting Agencies

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
The New York Times

As Consumer Bureau’s Cash Dwindles, Trump Administration Declares Its Funding Illegal

The Justice Department embraced a novel conservative legal theory that it said blocked the Federal Reserve from funding the agency. By Stacy Cowley In the Trump administration’s fight to kill the ...
American Banker

CFPB makes early exit from consent order against TransUnion

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau. Russell Vought, the acting director of the Consumer Financial ...
HousingWire

Russell Vought says he will shut down CFPB

White House Budget Director Russell Vought announced plans to close the Consumer Financial Protection Bureau within 2-3 months, contradicting the administration's legal stance. However, Vought may not ...
Forbes

Trump Administration Wants Comments On Controversial Rule Governing Access To Consumer Financial Data

Russell Vought, the acting head of the Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau is asking stakeholders for their input before it reworks an open banking rule ...
Government Executive

CFPB to issue mass furlough by year's end and transfer outstanding cases to DOJ

The Consumer Financial Protection Bureau will furlough much of its workforce on Dec. 31 and transfer remaining litigation to the Justice Department, officials told staff on Thursday. The decision ...