- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2025-03-06T21:04:00
The future of the Consumer Financial Protection Bureau (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.
Launched in 2011 to draft and enforce rules to protect consumers in financial transactions, the CFPB is a favorite of consumer advocates, while viewed by many in finance as overly zealous and an obstruction to the free market.
Elon Musk, whose extra-governmental Department of Government Efficiency is carrying out the wishes of President Donald Trump to shrink the size of government, has said he wants the CFPB to be abolished.
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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.
2025-06-26T20:22:00Z By Oscar Gonzalez
In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
2025-06-24T17:21:00Z By Ruth Prickett
Four years after Brexit, the U.K. and EU announced a “reset” that will ease barriers to importing and exporting food, drink, and agricultural produce. It may also harmonize rules around carbon emissions trading systems, simplifying compliance for multinational organizations that are large emitters, and enable more young people to gain ...
2025-06-20T14:20:00Z By Oscar Gonzalez
The U.S. Senate confirmed Olivia Trusty as commissioner for the Federal Communications Commission on Tuesday, marking a shift in agency staffing that gave commissioners nominated by President Donald Trump a majority of decision-making power. The move followed resignations of two commissioners earlier this month, each of whom had been nominated ...
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