By Oscar Gonzalez2025-08-06T14:00:00
The Trump administration declawed the Consumer Financial Protection Bureau (CFPB) from the very beginning of his second term. It now appears the agency might be running out of money.
A report from Bloomberg Law Tuesday claims the CFPB was down to $160 million in funding back in early July. These funds would cover the agency’s expenses and employee salaries and would have to last until Sept. 30. The agency reportedly spends $18 million every two weeks to pay employees and their benefits.
2025-07-07T19:02:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.
2025-05-16T12:20:00Z By Adrianne Appel
The Consumer Financial Protection Bureau has pulled back a draft privacy rule that would have required businesses to take more steps before selling consumers’ financial and personal data.
2025-05-15T14:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau has rescinded 39 guidance documents that had provided insight into the regulator’s thinking on a host of topics, including enforcement practices and how companies should handle customer complaints.
2025-08-27T14:11:00Z By Adrianne Appel and Oscar Gonzalez
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
2025-08-25T20:49:00Z By Adrianne Appel
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
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