Consumer Financial Protection Bureau, Trump
The U.S. Consumer Financial Protection Bureau on Thursday dropped five enforcement actions against financial services companies accused of wrongdoing under the prior administration, including a major case against Capital One .
President Donald Trump has said it more than once—the Consumer Financial Protection Bureau is no more. Calling it “the ultra-left CFPB,” Trump said he moved to shut down the agency after receiving calls from bankers and loan officers who were “almost crying” over its regulations.
U.S. District Judge John Bates said the attorneys for the plaintiffs will be allowed to question an official from the DOGE’s White House headquarters, and one from the Labor Department, HHS, and the Consumer Financial Protection Bureau.
The fired head of the Consumer Financial Protection Bureau said he sees the attack against the agency as "suspicious."
A federal judge Monday kept in place an order prohibiting mass firings at the Consumer Financial Protection Bureau while she sorts through conflicting claims about whether the Trump administration is still trying to shutter the independent agency.
Thousands of complaints submitted by Americans to the Consumer Financial Protection Bureau alleging fraud or scams from private companies are going unanswered following President Donald Trump's efforts to dismantle the agency,
Lawyers for President Donald Trump's administration have denied that the White House intends to dismantle the U.S. Consumer Financial Protection Bureau, apparently contradicting statements the president himself made to reporters earlier this month.
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.
The U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds, which the agency had earlier accused of deceiving borrowers about the cost of loans.