The Department of Government Efficiency (DOGE) in a post on its website says it has found $55 billion in savings through a combination of efforts, including a reduction in the federal workforce.

Here's some background on the scope of the CFPB's activities and how the agency's tenuous status might affect consumers.

One of the nation’s largest debt collectors launched tens of thousands of lawsuits in Arizona since 2022, according to 12 ...

President Trump was the first president ever to attend a Superbowl. We catch up on the news from his pregame interview, including his plans to review U.S. military spending.

Many have been left wondering whether there will be material changes by the Trump administration to the recently released ...

The act created multiple new regulatory bodies, including the Consumer Financial Protection Bureau (CFPB) and the Financial Stability Oversight Committee. It also enacted the Volcker Rule ...

Musk acknowledged receipt of the letter on the social platform X, and boasted of the work of his staff without addressing the use of servers. “Time to confess: Media reports saying that @DOGE ...

Bessent, a wealthy hedge fund manager, was already expected to be a business-friendly choice to lead the Treasury. Now he will lead the CFPB, the federal consumer watchdog, at least for a time. "I ...

Now occupying both Treasury and CFPB leadership roles, Bessent replaces former CFPB Director Rohit Chopra, who revealed on Saturday that he had been fired and who had pursued aggressive ...

The missive appeared to herald a stark shift to come at the CFPB, which Congress formed in the wake of the 2008 banking crisis to protect consumers from unfair, deceptive or predatory financial ...

In an email, Bessent instructed the CFPB staff to stop working on enforcement actions and to suspend the effective dates for rules not yet in effect. That follows the ouster of Biden appointee ...

Treasury Secretary Scott Bessent is now the acting head of the U.S. Consumer Financial Protection Bureau, according to a person familiar with the matter, signaling a potential shift away from the ...