CFPB

Supreme Court to hear challenge to consumer agency

February 28, 2023 Jessica Gresko, Associated Press

WASHINGTON, D.C. — The Supreme Court said Monday it will take up a Republican-led challenge to the Consumer Financial Protection Bureau, a case that could threaten how the consumer watchdog agency functions. It is the […]

CFPB sues TransUnion for violating previous agreement

April 12, 2022 Ken Sweet, Associated Press

NEW YORK — The Consumer Financial Protection Bureau is suingTransUnion and one of its long-time executives alleging that the credit company completely “disregarded” a previous order from five years ago to stop selling dubious credit-related […]

Consumer watchdog to probe Big Tech payment systems

October 22, 2021 Ken Sweet, Associated Press

NEW YORK — In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple […]

Biden choice for watchdog makes debut in nomination hearing

March 3, 2021 Ken Sweet, Associated Press

CHARLOTTE — President Joe Biden’s nominee to run the federal consumer watchdog agency is likely to be face hostile questioning from Republican Senators on Tuesday, but is likely to be confirmed with Democrats controlling a […]

Court says president can fire Consumer board head ‘at will’

June 29, 2020 Jessica Gresko, Associated Press

WASHINGTON, D.C. — In a ruling underscoring the power of the president, the Supreme Court on Monday made it easier for the president to fire the head of the Consumer Financial Protection Bureau. The justices […]

CFPB’s controversial structure looms over leadership showdown

November 29, 2017 admin

When Congress authorized the Consumer Financial Protection Bureau’s establishment in 2010’s Dodd-Frank Financial Reform Act, lawmakers were determined to ensure the agency’s independence from the executive branch. The law called for a single director, rather […]