CFPB’s leading investigator departs with harsh email about Trump: Report
The chief operating officer of the U.S. Consumer Financial Protection Bureau (CFPB) has reportedly criticized the Trump administration for jeopardizing the agency’s mission in a strongly worded farewell email. Cara Petersen, the acting executive director, indicated in the email that recent changes made by the Trump administration had aimed to reduce the CFPB’s workforce by […]
CFPB’s 1,700 employees told to ‘not perform any work’ – as Obama-era agency becomes latest Trump target
WASHINGTON – Nearly 1,700 employees at the Consumer Financial Protection Bureau (CFPB) were told not to come to the office or work on Monday. Las Vert, newly confirmed director of the White House Management and Budget Office (OMB) and acting director of CFPB, was surprised to see a similar behavior that preceded the blood tub […]
Russ Vought, tapped as CFPB’s acting director, directs bureau to issue no new rules, stop all investigations
Russell Vault, director of management and budgets, is currently acting director of the Consumer Financial Protection Agency, instructing staff not to issue new rules, suspending effective dates for all final rules; It instructs new investigations to be stopped. Vought, who is also the author of Project 2025, was appointed acting director of the CFPB on […]
CFPB’s Rohit Chopra, a Liz Warren Protege, Might Be Trump’s Next Firing
Former President Joe Biden has been appointed as the top of the Consumer Finance Protection Committee (CFPB), but the next top of President Donald Trump may be his head. Rochit Chopura, who was nominated for CFPB's Democratic Party by President Trump in 2017, was promoted to a director in 2021 and was given a new […]
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance – PYMNTS.com
The goal of Consumer Financial Protection Bureaufinal of Rules for data sharing The policy announced on Tuesday (October 22) aims to foster competition and, in turn, innovation in financial services. but A closer reading of the regulation itself reveals that for banks, compliance with the regulation involves some difficult tasks in the technical and operational […]