Tag: Government oversight
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...
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...
Elon Musk’s Plans for CFPB Data Questioned by Democrat Senators
A group of Democratic senators, including Elizabeth Warren, Amy Klobuchar, and Charles Schumer, recently convened to address the controversial actions taken by the Trump administration and entrepreneur Elon Musk in relation to the Consumer...
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...