News

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...
The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has seen significant changes since President Donald Trump fired former Director ...
But on the other side of the aisle, a group of 132 Republican members of Congress argued that Dodd-Frank included many provisions that were designed to insulate the CFPB from the appropriations ...
The Supreme Court ruled Thursday that the Consumer Financial Protection Bureau is lawfully funded by Congress, dealing a blow to conservatives who have long had the watchdog in their crosshairs ...
Key Points ・The Senate parliamentarian has ruled that defunding the Consumer Financial Protection Bureau (CFPB) through budget reconciliation violates the Byrd Rule, meaning it will require 60 ...
Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to ...
The CFPB is funded through the Federal Reserve, not the Congressional appropriations process. But in the latest version of the bill to come out of the Senate Banking Committee ... creation through its ...
Supreme Court Rejects Challenge to CFPB, Says Funding Structure Constitutional In a 7-2 ruling, the court held that the Dodd-Frank Act did not violate the Constitution by funding the consumer ...
Conservatives appear to be setting the stage for yet another legal fight over the Consumer Financial Protection Bureau’s (CFPB) funding structure, just weeks after the watchdog agency survived a ...
The new plan would cap the CFPB’s access to funding at 6.5% of the Federal Reserve operating budget, decreased from its current limit of 12%. Senate Banking Committee Chairman Tim Scott, R-SC ...
Noel J. Francisco, a former solicitor general representing the payday groups, struggled to convince a majority of the justices that Congress had inappropriately delegated its authority to the CFPB. He ...
Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to ...