The Consumer Financial Protection Bureau (CFPB) is reportedly in the process of laying off 1,500 employees, which will reduce the agency’s staff to 200. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
America’s chief consumer finance watchdog is reportedly scaling back enforcement of financial services companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Comerica Bank that targeted the bank’s handling of a federal benefits program, alleging that it provided poor service to the recipients of benefits. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau (CFPB) said Friday (April 11) that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies that have broken consumer laws and are subject to federal, state or local government or court orders. Get the Full...
The Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees is set to be repealed after the House of Representatives voted Wednesday (April 9) to disapprove it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The House of Representatives passed a Congressional Review Act resolution Wednesday (April 9), overturning the Consumer Financial Protection Bureau’s (CFPB) rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications.” Get the Full Story Complete the form to unlock this article and...
A federal appeals court reportedly paused a lower court’s order from last week that reversed President Donald Trump’s actions at the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Critics of the Consumer Financial Protection Bureau (CFPB) said Wednesday (March 26) at a Capitol Hill hearing that the agency needs a restructuring, and has engaged in what they call “regulatory overreach” that merits a revisiting of its funding structure as well. Get the Full...
Rep. Andy Barr, R-Ky., said Wednesday (March 26) that three bills he introduced will bring reforms to areas in which the Consumer Financial Protection Bureau (CFPB) has “abused its power and threatened — not helped — consumers in the process.” Get the Full Story Complete the...
