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 Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for Consumer protection in the financial sector. Its jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.


The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession.

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updated Tue. November 21, 2023

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A group of activists dressed up as loan sharks conducted a mock press conference in front of the Consumer Financial Protection Bureau this week in Washington. It was just a block from the White House. But it might as well have been on the other side of the planet from what Trump's critics say are his ...
The Consumer Financial Protection Bureau issued its ninth request for information, requesting input on its guidance and implementation support. The bureau ... The CFPB will begin accepting comments once the RFI is printed in the Federal Register, which is expected to occur on April 2, 2018. The request ...

The Consumer Financial Protection Bureau (CFPB) has issued its latest Request for Information (RFI), this time focused on the bureau's guidance and implementation support. “The Bureau is seeking comments and information from interested parties to assist in assessing the overall effectiveness and ...
According to Grewal's office, the nomination of Rodriguez is part of the state's effort to “fill the void left by the Trump administration's pullback of the Consumer Financial Protection Bureau.” Rodriguez's appointment also helps fulfill Murphy's promise to create a ““state-level CFPB” in New Jersey, Grewal's ...
New leadership at the Consumer Financial Protection Bureau promises a whole new approach to running the agency. A new director will have the opportunity to swiftly implement a law-based approach to rule-making through rescinding guidance, changing enforcement priorities, and placing more rules ...
The Consumer Financial Protection Bureau is seeking comment on whether it should change any regulations it inherited from other federal agencies. The information collection effort is consistent with acting CFPB Director Mick Mulvaney's efforts to set the agency on a more pro-industry, anti-enforcement ...

ALTA favors Consumer Financial Protection Bureau restructuring ... The American Land Title Association (ALTA) is lending support to the Financial Product Safety Commission Act of 2018, which replaces the Consumer Financial Protection Bureau's (CFPB) sole director with a five-member commission.
As a congressman from South Carolina, Mulvaney cofounded the anti-regulation House Freedom Caucus and slammed the Consumer Financial Protection Bureau as “sick,” “sad,” and “extraordinarily frightening.” Lately, Mulvaney has been undermining the agency from the inside — walking back recent ...
FILE- In this Jan. 20, 2018, file photo, Director of the Office of Management and Budget Mick Mulvaney stands during a press briefing at the White House in Washington. Under Mulvaney, acting director of the Consumer Financial Protection Bureau, the CFPB has taken a decidedly friendlier approach to the ...
The Consumer Financial Protection Bureau is unconcerned about rising credit card debt. Rather, it says "the market shows significant innovation.” (Chicago Tribune). Unlike most people, Seal Beach resident Tom Hazelleaf took the time to read the contract when he recently received a new MasterCard.
Equifax said in a federal filing on Friday that it is still under investigation by the Consumer Financial Protection Bureau (CFPB), despite reports the agency had pulled back its probe. In a filing with the Securities and Exchange Commission (SEC), Equifax cited the CFPB among multiple federal agencies ...
The acting director of the Consumer Financial Protection Bureau (CFPB) said Thursday he thinks he could remain in charge of the agency for as long as another six months while waiting for President Trump · Donald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump ...
The Consumer Financial Protection Bureau issued a request for information Thursday on the bureau's public reporting of consumer complaints, which has long vexed the financial services industry. The CFPB is required by statute to collect, investigate and respond to consumer complaints. The bureau's ...
Mick Mulvaney, acting head of the Consumer Financial Protection Bureau, has made clear his desire to slash the agency's budget, but what he plans to cut to meet his spending goals is more of a mystery. Mulvaney grabbed headlines in January when he requested "zero" in additional funding for the ...
Former head of the CFPB, Richard Cordray is concerned about the direction the bureau is taking under new leadership. Credit WIKIMEDIA. The first head of the national Consumer Financial Protection Bureau says he's concerned about the shift in direction for the agency.
In early February, the Federal Reserve delivered its most significant punishment of a major bank in a generation, sanctioning Wells Fargo for its pattern of customer exploitation. A few blocks away, meanwhile, another of the giant bank's regulators, the Consumer Financial Protection Bureau, has recently ...
Cordray Ron Sachs/CNP/TNS/NewscomAs a result of its unique structure, the Consumer Financial Protection Bureau (CFPB) is insulated from accountability by the democratically elected branches of government. While there are efforts underway to fix this, they have so far been frustrated. Now the Trump ...

President Trump's appointee running the Consumer Financial Protection Bureau is making radical changes to make the agency less aggressive in its mission. An internal memo obtained by NPR says the CFPB will unveil a new strategic plan on Monday. The moves are frustrating staffers at the bureau.
The Consumer Financial Protection Bureau was established in the aftermath of the financial crisis, as part of the 2010 Dodd-Frank legislation, with the intended goal of protecting consumers from abusive practices by banks, mortgage lenders, and other financial institutions. In part because of its strong ...
The Consumer Financial Protection Bureau asked a federal judge in Kansas to dismiss a case in which it had alleged four lenders' loans violated interest ... The Consumer Financial Protection Bureau last year sued four lenders affiliated with a Northern California Native American tribe, alleging their costly ...
The acting director of the Consumer Financial Protection Bureau (CFPB) dropped the agency's probe of a payday loan collector and is mulling ending cases against three high-interest lenders, Reuters reported Friday. Acting CFPB Director Mick Mulvaney John (Mick) Michael MulvaneyTrump names ...
The Consumer Financial Protection Bureau today issued a request for input from the finance industry on its rulemaking process. The bureau put in a request for information, and is seeking comments and information from interested parties to help assess the overall efficiency and effectiveness of its ...
The former chief executive of a payday lending company that had been under investigation by the Consumer Financial Protection Bureau has asked to be considered for the top job at the watchdog agency. Such a request would have been extraordinary in the years when the agency was run by an Obama ...
Who better to police the predatory lenders than a former CEO of a predatory lender? By Charles P. Pierce. Mar 8, 2018. Getty Images. Oh, come on. Really? From CBS News: Under Cordray, for instance, the CFPB opened an investigation into lending practices at World Acceptance (WRLD). On Jan. 22, the company said ...
The Consumer Financial Protection Bureau (CFPB) needs a new name under President Trump · Donald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out ...


 

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