The technology team at financial regulator CFPB has been gutted
Around 20 technologists at the Consumer Financial Protection Bureau were fired on Thursday evening, gutting a team that ...
Wired4d
The CFPB Work Freeze Is Putting Big Tech Regulations ‘On Ice’
He also forbade CFPB workers from making court appearances ... To date, these companies have fallen into somewhat of a regulatory gray zone. Days after the rule went into effect in January ...
Roll Call3d
Trump’s choice to lead CFPB, McKernan, left FDIC Monday
Trump tapped McKernan, a former director at the Federal Deposit Insurance Corporation, for a five-year term at the helm of the CFPB. The nomination may suggest the administration is seeking to ...
Kiplinger4d
Trump Wants to Shut Down the CFPB: Why Retirees Should Care
The Consumer Financial Protection Bureau (CFPB), a government watchdog created in July 2011 to combat financial fraud and protect consumers, is the latest target of President Donald Trump and Elon ...
New York Post5d
CFPB’s 1,700 employees told to ‘not perform any work’ as Obama-era agency becomes latest Trump target
WASHINGTON — The nearly 1,700 employees of the Consumer Financial Protection Bureau (CFPB) were told Monday not to come to the office or do any work — as the agency became the latest target of ...
U.S. News & World Report3d
Should You Be Worried About the CFPB Halt? Here's What It Means for Banking
Major CFPB cases are in limbo, including lawsuits against Capital One and Walmart. With fewer regulatory constraints, banks and lenders may adjust their fee structures and lending policies ...
Politico6d
Vought cuts off CFPB funding, saying it’s not necessary to run the agency
Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s ...
Inc3d
Here’s What CFPB Hold Means for Consumers
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters. Photo: Getty Images The Consumer Financial Protection Bureau, which Congress established to monitor credit card ...
Business Insider5d
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
We will withdraw the police. We will not have any kind of enforcement of the law.'" On Sunday, the CFPB told its staff that its DC headquarters would be closed this week and that they should work ...
Business Insider5d
The CFPB tells its workers to 'not perform any work tasks' this week while it shuts down its DC headquarters
On Sunday, employees at the CFPB received a two-sentence email from Adam Martinez, the agency's chief operating officer, telling DC employees to work remotely. "The DC Headquarters Building will ...
New York Post4d
Top CFPB leaders dismissed as Trump team begins to dismantle agency
Enforcement director Eric Halperin and supervision director Lorelei Salas were placed on administrative leave by Mark Paoletta, the top lawyer at both the CFPB and the White House Office of ...
Marketplace5d
The Trump administration has ordered the CFPB to stop its work. What does the agency do?
But why was the CFPB created in the first place? And what has it done over its nearly 14-year existence? In the lead-up to the Great Recession, there were a lot of companies offering risky ...