States must step up as fate of consumer watchdog CFPB remains in doubt
The future of the Consumer Financial Protection Bureau, the independent agency charged with for enhancing consumer protections and fighting financial harm, remains unclear, as the current administration works toward potentially dismantling the bureau. A judge has already halted efforts to fire CFPB employees, return funds, and delete data or records pending a preliminary injunction hearing for […]
CFPB is right to drop its lawsuit against Zelle
WASHINGTON, D.C. – Today, the Consumer Finance Protection Bureau dropped its lawsuit in the District Court of Arizona against the owners of the payment platform Zelle. Zelle, jointly owned by seven of the nation’s largest banks, is a popular FinTech peer-to-peer payment platform used by consumers to easy send and receive money without additional fees. […]
CFPB must refocus on consumer protection and innovation
Washington, D.C. – Tomorrow at 10 AM, the Senate Banking Committee will hold a confirmation hearing for several Trump appointees to regulatory finance roles, including Jonathan McKernan as director of the Consumer Financial Protection Bureau (CFPB). Since Trump’s inauguration, the CFPB has been ordered to freeze virtually all actions, rulemaking, and pending litigation to reevaluate the overall role of the agency. […]
DOGE Is Right To Defang the CFPB
With a big tech-powered magnifying glass on federal websites, spending contracts, and government payment systems, Elon Musk’s band of DOGE system admins have been turning Washington inside out in their hunt for waste, fraud, and abuse. One of the most prized agencies on the chopping block is the Consumer Financial Protection Bureau, heralded by progressives as an […]
La vigilancia financiera de la Ley de Secreto Bancario acelera la desbancarización de los estadounidenses
Cuando a un consumidor le cierran una cuenta en su banco u otro servicio financiero, la experiencia es desesperante. Estos avisos suelen aparecer de repente y le dan al cliente solo unas semanas para vaciar sus fondos de la cuenta y transferirlos a otra parte. A veces, se debe a una actividad fraudulenta o a […]
La CFPB no está protegiendo ni atendiendo a los consumidores. Congelen la operación.
Washington, D.C. – Today, following the appointment of Treasury Secretary Scott Bessent to become acting director of the Consumer Financial Protection Bureau (CFPB), several directives were issued to freeze virtually all actions, rules, and pending litigation carried out by the agency. A source inside CFPB indicated the agency is essentially shut down for the time being. Yaël Ossowski, Deputy Director […]
