The fired head of the Consumer Financial Protection Bureau said he sees the attack against the agency as "suspicious."
The agency—an unelected regulator with a blank check—has spent much of its short life making things harder for the consumers it set out to protect.
The fate of the Consumer Financial Protection Bureau, or CFPB, is uncertain as the agency and its workers have faced a tumultuous month of February so far, possibly leaving consumers with more questions than answers. Here's the latest and how it could affect consumers.
It's difficult to know what agency, if any, would have authority over [consumer protection] statutes if the CFPB is not in business anymore,” said Covington & Burling partner Eric Mogilnicki. “Obviously,
The Consumer Financial Protection Bureau, a watchdog agency created to protect consumers, is under fire by President Trump and DOGE. Its new head ordered work to stop and funding to end.
Earlier this month, the Federal Trade Commission (FTC) voted unanimously to approve the appointment of Chris Mufarrige as its new director of the Bureau of Consumer Protection. The appointment puts a man in charge of protecting consumers who has a long history with business models aimed at bilking the poorest of them.
Jill Schlesinger, CFP, is a CBS News business analyst. A former options trader and CIO of an investment advisory firm, she welcomes comments and questions at [email protected]. Check her website at www.jillonmoney.com.
For years, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have actively policed digital asset
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.
On 0, 2025, Chairman Ferguson appointed directors for both the Bureau of Consumer Protection (BCP) and the Bureau of Competition (BC). Christopher Mufarrige was appointed as the Director of BCP and Daniel Guarnera as the Director of BC.
On February 18, 2025, the Federal Trade Commission announced that Chairman Andrew N. Ferguson appointed David Shaw as Principal Deputy Director and Kelse Moen as Deputy Director of the agency’s Bureau of Competition,
U.S. consumers are at greater risk of being exploited by tech giants and financial firms after President Donald Trump fired a team of technologists from the Consumer Financial Protection Bureau (CFPB),