Thousands of consumer complaints unanswered after Trump CFPB purge, Dems say Since its founding, the CFPB has returned more than $21 billion to consumers who were victims of fraud or scams.

The Consumer Financial Protection Bureau (CFPB) moved to make sweeping job cuts as the Trump administration looks refocus the agency's regulatory objectives with a smaller workforce.

In declarations to federal court, CFPB employees describe a hasty process to eliminate most of the agency's staff. "[A]ll that matters is the numbers," one employee said they were told by leaders.

At a court hearing Monday, CFPB’s COO Adam Martinez gave a sworn account of the chaos that has consumed the federal agency meant to stop unfair corporate practices.

Most of the CFPB has been shut down since Feb. 7, when Russ Vought, the director of the Office of Management and Budget, took over as acting director.

On May 6, the Consumer Financial Protection Bureau announced it will no longer prioritize enforcement actions taken on buy now, pay later transactions, in accordance with a Biden-era rule that ...

The CFPB had estimated its rule — part of a broader Biden administration initiative to crack down on “junk fees” — would save 23 million consumers about $5 billion annually. But the rule ...

The dismissals occurred while Trump’s nominee to head the CFPB, Jonathan McKernan, was on Capitol Hill testifying before the Senate in a confirmation hearing.

A CFPB study showed the 25 largest credit card issuers charged interest rates 8 to 10 percentage points higher than smaller banks and credit unions. That difference can cost the average cardholder ...

Consumer Protection Predates the CFPB. More importantly, it makes sense to reevaluate whether the CFPB is necessary to protect consumers. As I’ve argued before, that idea wasn’t true before ...

If the CFPB goes away, you’ll need to look out for yourself. Know your bank’s rules, keep tabs on your savings rate, avoid overdraft fees and build your own consumer protection team.

The CFPB is the cop on the beat for the largest banks in the country. We’re on the ground in those banks making sure that they’re playing by the rules and following the law.