Tag: Consumer Financial Protection Bureau
New York Attorney General Files Lawsuit Against Capital One Following CFPB’s Decision
The logo for consumer lending firm Capital One Financial Corp. spotted on its headquarters in McLean, Virginia, on Jan. 20. 2023. So, New York Attorney General Letitia James decided to sue Capital One on...
Reasons why banks oppose CFPB disappearance
In February 2025, Jamie Dimon, CEO of JPMorgan Chase, exited the U.S. Capitol after meeting with Republican members of the Senate Banking, Housing, and Urban Affairs Committee to discuss debanking. This pivotal moment marked...
CFPB Drops Lawsuits Against Capital One and Berkshire Hathaway Units
The Consumer Financial Protection Bureau, under new leadership, has recently dismissed several enforcement lawsuits against major corporations, including Capital One and Berkshire Hathaway subsidiaries. This abrupt shift at the agency, spearheaded by acting CFPB...
Trump Administration Plans to Fire CFPB Staff and Wind Down Agency
The Trump Administration plans to fire most of the Consumer Financial Protection Bureau (CFPB) staff and dismantling the agency. The employees have testified about the mass layoffs and the winding down of the CFPB....
Senate Questions Trump’s CFPB Director Nominee: On the Titanic, Good Luck
Jonathan McKernan, a nominee selected by U.S. President Donald Trump to become the director of the Consumer Financial Protection Bureau, found himself under intense scrutiny from Democratic senators during a confirmation hearing. The hearing...
CFPB Supervision and Enforcement Heads Resign After Stop-Work Order
After receiving a stop-work order from acting Director Russell Vought, two key figures within the Consumer Financial Protection Bureau (CFPB) have resigned, stirring up uncertainty and speculation regarding the future of the agency. Lorelei...
CFPB’s New Leadership Initiates Staff Purge, Terminating Dozens
The Consumer Financial Protection Bureau's New Leadership Initiates Staff Purge, Terminating DozensLate Tuesday, the Consumer Financial Protection Bureau (CFPB) sent termination notices to several dozen employees, primarily individuals on probationary status. This move, part...
