Consumer Financial Protection Bureau

Trump Names New CFPB Head Amid Regulatory ‘Limbo’
Trump Names New CFPB Head Amid Regulatory ‘Limbo’
February 12, 2025  |  CFPB

President Trump has named a new CFPB director while the agency faces an uncertain future. Jonathan McKernan, who was until recently a director on the...

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CFPB in Limbo — Should FinTechs and Banks Stay the Course?
CFPB in Limbo — Should FinTechs and Banks Stay the Course?
February 10, 2025  |  CFPB

The phrase “manic Monday” is getting a pretty good workout these days. Far from being a cute top 40 song from the ’80s, the ongoing...

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Report: CFPB Acting Director Tells Employees to Stop Working
Report: CFPB Acting Director Tells Employees to Stop Working
February 10, 2025  |  CFPB

The new acting director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, reportedly told the agency’s employees Monday (Feb. 10) to stay out of...

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With CFPB Closed, Open Banking Awaits Next Steps
With CFPB Closed, Open Banking Awaits Next Steps
February 10, 2025  |  Regulation

The Consumer Financial Protection Bureau is shuttered — at least for now. In the wake of Russell Vought — head of the Office of Management...

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Treasury Union Files Suit to Combat CFPB Shutdown
Treasury Union Files Suit to Combat CFPB Shutdown
February 10, 2025  |  CFPB

The CFPB’s sudden weekend shutdown is now the subject of a federal lawsuit. A union representing employees of the Consumer Financial Protection Bureau (CFPB) filed...

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CFPB HQ Shuts Down as Vought Freezes Enforcement
CFPB HQ Shuts Down as Vought Freezes Enforcement
February 09, 2025  |  CFPB

The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Workers at the financial regulator will work from home this...

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What to Watch for as CFPB Stops Rulemaking in Its Tracks
What to Watch for as CFPB Stops Rulemaking in Its Tracks
February 07, 2025  |  CFPB

To say it’s been an eventful week for the Consumer Financial Protection Bureau might be an understatement. Last weekend, President Donald Trump fired CFPB Director...

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Capitol Hill Hearing Pushes for ‘Rational’ Community Banking Regulation
Capitol Hill Hearing Pushes for ‘Rational’ Community Banking Regulation
February 05, 2025  |  Bank Regulation

Beware the dangers of regulatory “overreach” and a one-size-fits-all approach to community banking oversight, several industry participants testified at a Capitol Hill hearing Wednesday (Feb....

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Treasury Secretary Scott Bessent Takes Over as CFPB Acting Director
Treasury Secretary Scott Bessent Takes Over as CFPB Acting Director
February 03, 2025  |  CFPB

The Consumer Financial Protection Bureau announced Monday (Feb. 3) that President Donald Trump designated Treasury Secretary Scott Bessent as the CFPB’s acting director Friday (Jan....

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