By
Adrianne Appel2025-10-28T21:11:00
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision.
“These comments are particularly concerning given that a federal court has specifically blocked you from illegally shutting down,” Sen. Elizabeth Warren (D-Mass.), ranking member on the Senate Committee on Banking, Housing, and Urban Affairs, and the 10 other committee Democrats, said in a letter to Vought.
The senators asked Vought to provide details about any funds available for the CFPB by Oct. 31. They also asked whether the agency had specific plans to cut positions and reduce enforcement actions over the next two to three months.
2025-11-13T21:33:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau (CFPB) proposed a rule change that would narrow anti-discrimination requirements for the financial industry. This comes as the Trump administration attempts to shutter the agency may finally come to pass.
2025-10-31T18:52:00Z By Oscar Gonzalez
Meta says it is no longer under investigation by the U.S. Consumer Financial Protection Bureau (CFPB), the latest instance of the agency scaling back enforcement under President Donald Trump.
2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
2025-12-09T14:32:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau’s Supervision Division introduced a new “humility pledge” last month that examiners will read aloud at the start of each oversight engagement. It’s another shift in how the organization handles itself under the Trump administration.
2025-12-03T17:18:00Z By Adrianne Appel
A San Francisco-based private equity firm has agreed to pay $11.4 million to settle allegations it violated U.S. sanctions rules by handling investments for a sanctioned Russian oligarch.
2025-12-02T21:52:00Z By Adrianne Appel
A tech company that stores student information for schools has agreed to implement a data security program and report to the Federal Trade Commission for 10 years, after security failures led to data for 10 million students being breached.
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