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Trump-Musk Presidency is killing the CFPB
The Trump-Musk Presidency is killing the CFPB
Just as Elon Musk’s X pushes into financial services, the agency responsible for protecting citizens from such companies is under threat. On Saturday, a little less than two weeks into his second term in the White House,
Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.
Trump appointed Bessent to take over the agency after firing Biden-era director Rohit Chopra over the weekend. The world’s wealthiest person, Elon Musk, has attacked the CFPB, joining a chorus of tech and finance titans who claim the agency has taken a heavy-handed approach to regulation.
Trump fires CFPB director Rohit Chopra
President Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB). Chopra was one of the remaining regulators from the previous Democratic administration. In a letter to President Trump,
21h
on MSN
The Consumer Financial Protection Bureau Is Being Told to Stop Its Work. 5 Ways That Could Impact Consumers Like You.
In its 14 years, the CFPB has created rules limiting credit card late fees and overdraft penalties, protected consumers from ...
HousingWire
18h
Elizabeth Warren urges White House to ‘unfreeze’ CFPB
Sen. Warren is urging the acting CFPB director to "unfreeze" the agency, appealing to potentially common ground with ...
The American Spectator
2d
CFPB: New Treasury Secretary Scott Bessent Deployed to Fix What Rohit Chopra Broke
In a desperately needed move this week, President Donald Trump fired Rohit Chopra, director of the Consumer Financial ...
14h
CFPB's General Counsel Who Pushed Muscular Agency Set to Depart
Seth Frotman, the top lawyer at the Consumer Financial Protection Bureau, is set to depart after leading the agency through a ...
Fierce Healthcare
16h
Consumer Financial Protection Bureau shake-up leaves medical debt reform in limbo
The fate of a Biden-era rule that would keep medical debt from consumers’ credit reports is up in the air amid reported ...
3d
on MSN
Changes underway after Donald Trump fires head of Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is halting its operations amid Scott Bessent's takeover, according to reports.
JD Supra
1d
CFPB Director Chopra Replaced—Replacement Immediately Stops Work on All CFPB Initiatives, Including Oral Argument Scheduled for the Same Morning
President Donald Trump terminated Rohit Chopra’s tenure as the Director of the Consumer Financial Protection Bureau (CFPB).
1d
CFPB Workers File Grievance to Block Deferred Resignation Plan
The union representing Consumer Financial Protection Bureau employees says that a deferred resignation proposal from the ...
3d
Trump's consumer watchdog freezes CFPB activity on first day of job
U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance ...
Scripps News on MSN
3d
CFPB halts all work after director replaced with Trump administration official
Treasury Secretary Scott Bessent has moved to temporarily halt the Consumer Financial Protection Bureau's work investigating ...
JD Supra
17h
CFPB, OCC update their maximum civil money penalties
Recently, the CFPB and the OCC announced changes to their maximum civil money penalties published in the Federal Register to adjust for inflation ...
4d
The CFPB's New Medical Debt Rule Will Do More Harm Than Good
If healthcare entities believe that people won't pay their medical bills at the margin, they'll likely raise prices.
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Donald Trump
Elon Musk
Consumer Financial Protection Bureau
Scott Bessent
Elizabeth Warren
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