The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.
Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial marketplace.
CFPB, Wells Fargo and Consent Order
Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau (CFPB). Cruz has unsuccessfully tried to disassemble the agency in the
The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.
Recent data show the average rent has gone down over the last few months but that doesn’t necessarily mean all renters are doing well. Two new reports from
The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users whose unauthorized transfers weren't investigated and send a $55 million penalty to the CFPB's victim relief fund. Block agreed to the settlement but disagreed with the CFPB's characterizations of the company's actions.
The Consumer Financial Protection Bureau (CFPB) issued guidance on the eve of the transition to a new administration that serves as a roadmap
The Consumer Financial Protection Bureau (CFPB) finds that renters are continuing to have a hard time paying their rent on time, and many are getting stuck
Eliminating the Consumer Financial Protection Bureau in Trump's second term appears unlikely. But observers expect the agency to be more restrained.
Understanding your rights as a consumer is more critical than ever. Financial rights education platforms have emerged as vital tools to bridge the gap between complex regulations and everyday financial decisions.
Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.