The fired head of the Consumer Financial Protection Bureau said he sees the attack against the agency as "suspicious."
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 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 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.
Shuttering the Consumer Financial Protection Bureau will leave service members who rely on the agency’s accountability initiatives less guarded from scams and financial crimes.
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.
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.
While business groups have long lamented actions taken by the Consumer Financial Protection Bureau, Trump and his allies want to dismantle the agency wholesale.
For years, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have actively policed digital asset
Consumer protection existed long before Congress created the CFPB. It would exist without the CFPB, and the CFPB is one of many redundant federal agencies.
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,