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Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.
A federal judge has temporarily blocked the Trump administration’s plans to dismantle the Consumer Financial Protection Bureau. President Trump had planned to slash nearly 90% of the workforce at the bureau, which works to safeguard against fraud, abuse, and deceptive practices, claiming the agency has overstepped its authority.
NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration.
The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months.
Since the U.S. Consumer Financial Protection Bureau opened its doors in 2011, the watchdog has been at the center of legal fights over mortgage regulations, student loans, forced arbitration and ...
The Consumer Financial Protection Bureau faces operational paralysis. Employees are idle due to White House directives. The bureau is undoing past regulations. Settlements with companies like Navy Federal and Toyota are rescinded.
The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, text — anything, really — from the Trump administration to say if he ...
The Trump administration could really lend a hand to veterans and service members. Instead, it’s opening the door for scams targeting military families. The administration is dismantling the