Some find this concerning because the users of this payment method tend to be less economically secure – in fact, the CFPB found in 2022 that about two-thirds of BNPL users have subprime or deep ...

A federal judge has ordered a halt, for now, to the Consumer Financial Protection Bureau’s (CFPB) mass staff reduction last Thursday of some 88%-90% of its workforce, per a Reuters report.Meanwhile, ...

Trump allies fear DOGE’s methods to dismantle CFPB could backfire: report. Bloomberg reported that some worry that DOGE's "haphazard actions" could result in a court loss and strengthen the agency.

The agency was created by lefty Sen. Elizabeth Warren and former President Barack Obama in the aftermath of the 2008 financial crisis as a consumer protection regulator.

Last March, the CFPB finalized a new rule that would cap credit card late fees at $8 or 25 percent of the minimum period payment, arguing that current fees—which average $32—are “excessive ...

The Consumer Financial Protection Bureau and peer-to-peer lending platform SoLo Funds agreed to put an end to the agency’s lawsuit against the company amid a broader halt to enforcement actions ...

A federal judge on Tuesday threw out a US Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during ...

‘There will continue to be a CFPB’: Trump administration says it won't shut bureau. The bureau — long a big target of Republicans — is at the center of the Trump administration’s effort ...

The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and The Jason Mitchell Group real estate brokerages of an illegal kickback scheme to ...

The CFPB did not immediately respond to The Verge’s request for comment. The news comes as Bessent, who Trump named Treasury Secretary last week, ...

TAMPA, Fla. (WFLA) — The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal government over alleged “widespread fraud&#82… ...