CFPB terminates dozens of employees: Reports
Media reports say the Consumer Financial Protection Bureau (CFPB) fired dozens of employees late Tuesday. The agency has sent out layoff notices to about 70 probation employees, Reuters reported. The late-night purge comes as the recent Trump administration moved quickly to dismantle the Consumer Protection Agency. The notification, signed by CFPB Chief Operating Officer Adam […]
Trump unveils nominees for CFPB director, comptroller of the currency
President Trump sent the Senate a new list of nominations on Tuesday, announcing his selection, leading several major financial regulators in his second administration. Jonathan McCernan has been tapped to chair the Consumer Financial Protection Bureau (CPFB). A former board member of the Federal Deposit Insurance Corporation announced plans to step down from the agency […]
‘Try and save face’: Top CFPB officials dismissed despite telling media they resigned, agency says
First on FOX: Fox News Digital confirmed that three Consumer Financial Protection Bureau (CFPB) leaders were placed on administrative leave on Tuesday. Mark Paletta, Chief Legal Officer of Management and Budget, is headed by CFPB supervisory director Lorrei Salas, Eric Halperin, executive director of the agency, and Zixta, assistant director of the agency on administrative […]
Shutting down CFPB 'begging for another financial crisis': Former director
Rohit Chopra, former director of the Consumer Financial Protection Bureau (CFPB), argued on Monday that shutting down agencies “is calling for another financial crisis” as the Trump administration is aiming for the CFPB. “We previously did this experiment in the years leading up to the subprime mortgage crisis. As we all know, it was an […]
CFPB Workers Protest Elon Musk Outside Bureau Headquarters: ‘Arrest Elon’
Workers from the U.S. Consumer Finance Protection Agency (CFPB) protested, chanting the slogan on Saturday outside of the agency's headquarters in Washington, D.C., and held signs calling for the arrest of Elon Musk. The demonstration came the day after Musk Posted X's “CFBP RIP” has launched audit protocols at the station, as his Office of […]
Warren: Reported effort to shutter CFPB 'another scam'
Sen. Elizabeth Warren (D-Mass.) on Monday accused the Trump administration of reporting efforts to shut down the Consumer Financial Protection Bureau (CFPB) as “another fraud.” “If you have a bank account, credit card, mortgage or student loan, this is code red,” Warren said in a video posted on social platform X. “I'm ringing the alarm […]
White House Budget Director Orders To Pause CFPB Funding
Donald Trump's Administration Office candidate and Budget Director Russell Vault will appear at the Senate Homeland Security and Government Confirmation Hearing on January 15, 2025 in Washington, DC on Capitol Hill . (Photo: Andrew Harnik/Getty Images) OAN Staff Abril Elfi 9:14am – Sunday, February 9th, 2025 Russell Vought, head of the U.S. Consumer Financial Protection […]
Democrats call stop work order at CFPB 'illegal'
Democrats ask Treasury Secretary Scott Bessent to cancel the Consumer Financial Protection Bureau (CFPB) suspension order after Elon Musk's government efficiency (DOGE) employees targeted the agency as part of an overhaul of federal spending It's there. Maxine Waters, a top Democrat on the House Financial Services Committee, led members to a letter to Bescent on […]
Trump Fires CFPB Director Rohit Chopra Via Email
President Donald Trump has fired the head of Rocht Chopura of the Consumer Finance Protection Bureau (CFPB) with the latest movements pushing the remnants of the Biden administration. Chopra, A Protege Senator Elizabeth Warren (D-Ma) was nominated by Trump in the public Democratic Party seat of the Federal Trade Commission (FTC) in 2017, but was […]
Capital One sued by US CFPB for avoiding billions in interest payments – Yahoo Finance
Jonathan Stempel (Reuters) – Capital One on Tuesday was sued by the U.S. Consumer Financial Protection Bureau, accusing it of fraudulently defrauding customers of its flagship “high-interest” savings accounts of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One told depositors that […]