What steps should we be taking to protect ourselves and our finances now that the CFPB is being dismantled? Title. Now that the CFPB is effectively being neutered, it seems like any fraud, bank errors, etc all fall on us as consumers. What are the best steps to protect from the consequences of this? I’m just imagining how devastating it would be to have someone pull all the money out of my account, then be effectively told “we’ll get around to it, but…

CFPB is not sending complaints to banks This is being done with a throwaway account for obvious reasons. I work for a bank and my department directly works with the CFPB (along with other regulators, BBB, etc.) and we aren’t getting any complaints coming in from the CFPB portal. Last week we were, but I just want it to be known because you can still submit complaints online, but the b…

The technology team at financial regulator CFPB has been gutted Around 20 technologists at the Consumer Financial Protection Bureau were fired on Thursday evening, gutting a team that specialized in understanding Big Tech’s entrance into financial products, three sources familiar with the matter tell The Verge. It follows an earlier round of layoffs of mostly contractors and probationary employees on Tuesd…

How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC The furious pace of deregulation is gutting agencies intended to protect ordinary Americans, consumer advocates say. But business groups have long favored regulatory relief.

What’s next for the CFPB? For those of you in the US that have contacted CFPB when you have an issue with your bank, are we worried about the agency’s long-term existence? submitted by /u/mikgub

2 More U.S. Regulatory Dominos May Have Fallen for Crypto: OCC and CFPB FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examine regulators keeping banks out of crypto.

Trump fires CFPB head Rohit Chopra President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB). In a letter posted to X, Chopra confirmed his “term as CFPB Director has concluded.” Chopra was notified of his removal via an email from the White House, according to a report from the Associated Press. During Chopra’s tenure,

CFPB sued for trying to regulate digital payment apps more like banks Illustration: Hugo Herrera / The VergeTwo major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in Washington, DC, NetChoice and TechNet claim that the CFPB’s digital payment regulation, announced on November 21st,…

If your credit score is low because of medical bills, CFPB rule should help soon The rule bans consumer reporting agencies from including medical debt information on credit reports and credit scores sent to lenders. submitted by /u/redeyeblink

How the CFPB Could Change Under a Republican Congress Republicans are unlikely to abolish the Consumer Financial Protection Bureau, but they will drastically rework its rules and activities.

CFPB is reportedly trying to put Google under bank-like supervision Illustration by Hugo Herrera / The VergeThe Consumer Financial Protection Bureau (CFPB) is seeking to put Google under federal supervision, a move that could impose the same kinds of monitoring and inspections used on banks, The Washington Post reports. The CFPB’s concerns are not totally clear and the order may still change, according to the Po…

The CFPB wants to rein in data brokers Illustration by Cath Virginia / The Verge | Photo from Getty ImagesThe Consumer Financial Protection Bureau wants to propose new regulations that would require data brokers to comply with the Fair Credit Reporting Act. In a speech at the White House earlier this month, CFPB Director Rohit Chopra said the agency is looking into policies to “ensur…

The CFPB website is a great resource for understanding complicated banking regulations If you really want to understand consumer rights that are protected in the major banking regulations then the CFPB website is for you. I’ve linked out the common landing pages for the three most commonly discussed banking regulations below. Regulation E, Regulation Z, and Regulation V. If you google search CFPB & Regulation * then you should g…