- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2025-02-12T15:20:00
Enforcement and all other operations at the Consumer Financial Protection Bureau (CFPB) have come to a screeching halt under Trump administration directives but a pair of lawsuits aimed at keeping the agency open mean the stoppage could be short-lived.
The CFPB, created in 2011 in response to the 2008 banking crisis, is a financial watchdog agency for American consumers. In recent years, it has taken aim at online payment apps, including Block and big banks like Capital One and JPMorgan Chase.
The agency under former Director Rohit Chopra, fired by President Donald Trump Feb. 3, zealously wrote rules, most recently about Big Tech, financial privacy, gaming, and cryptocurrencies. The bureau had just proposed privacy rules for gaming payment apps, a process now in limbo.
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2025-03-10T14:30:00Z By Jeff Dale
The Trump administration isn’t slowing down its efforts to defang the Consumer Financial Protection Bureau, with lawsuits dropped against a handful of big banks and financial services firms, most notably a case previously accusing payments app Zelle of failing to secure its network.
2025-03-06T21:04:00Z By Adrianne Appel
The future of the CFPB–and the Trump administration’s efforts to dismantle it–hang in the balance as a federal judge pushed consideration of a request by a federal employees’ union to preserve the agency.
2025-02-21T18:43:00Z By Aaron Nicodemus
Twenty-three attorneys general from across the country are warning that President Donald Trump’s efforts to defund and disband the Consumer Financial Protection Bureau would “significantly harm consumers” and “reduce oversight of big banks.”
2025-05-06T22:57:00Z By Adrianne Appel
A Cambodian financial company, the Huione Group, has laundered billions of dollars for international criminals and those linked to North Korea, according to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The agency proposes that the company should be severed from having access to the U.S. financial ...
2021-04-14T18:58:00Z By Aaron Nicodemus
Disgraced financier Bernie Madoff, whose decades-long fraud swindled thousands of investors out of billions of dollars, died in federal prison Wednesday.
2020-10-30T14:52:00Z By Neil Hodge
The U.K.’s financial services regulator is still failing to hold individuals accountable four years after introducing a program to improve oversight and enforcement, according to a new study.
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