White House budget director Russell Vought announced Wednesday that he intends to shut down the U.S. Consumer Financial Protection Bureau (CFPB), a position that appears to contradict the Trump administration’s arguments in ongoing court proceedings, according to Courthouse News. Get the Full Story Complete the...
Apparently, the days of Rule 1033 are numbered. In fact, as of Sunday (May 25) they might be down to four, as the Consumer Financial Protection Bureau’s (CFPB) general counsel indicated late Friday that it will petition a U.S. District Court in Kentucky on May...
The Consumer Financial Protection Bureau (CFPB) has abruptly abandoned its effort to supervise Google Payment, unraveling a marquee Biden-era bid to extend the agency’s reach into Silicon Valley and lifting a potential compliance burden from parent company Alphabet. The policy U-turn surfaced in a Wednesday...
An appeals court ruled Monday (April 28) afternoon in a 2-to-1 decision that the Consumer Financial Protection Bureau (CFPB) cannot proceed with its mass layoffs until a court battle over the agency’s downsizing is completed. Get the Full Story Complete the form to unlock this...
March 31, 2025
The on-again, off-again saga of the Consumer Financial Protection Bureau (CFPB) continues. The Trump administration on Saturday (March 29) filed a claim in the U.S. Court of Appeals asking it to weigh in on a decision issued Friday that seemingly gave the agency a new lease on life after a series of efforts to dismantle […]
February 12, 2025
The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial Technology Association (FTA), is seeking to...
February 09, 2025
The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
November 23, 2025
The Consumer Financial Protection Bureau (CFPB) says its financial supervision efforts will continue next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive […]
October 16, 2025
White House budget director Russell Vought announced Wednesday that he intends to shut down the U.S. Consumer Financial Protection Bureau (CFPB), a position that appears to contradict the Trump administration’s...
May 08, 2025
The Consumer Financial Protection Bureau (CFPB) has abruptly abandoned its effort to supervise Google Payment, unraveling a marquee Biden-era bid to extend the agency’s reach into Silicon Valley and lifting...
April 29, 2025
An appeals court ruled Monday (April 28) afternoon in a 2-to-1 decision that the Consumer Financial Protection Bureau (CFPB) cannot proceed with its mass layoffs until a court battle over...
