CFPB RIP” was Elon Musk’s tweet on Feb. 7, when the billionaire was slashing his way through federal agencies at the behest ...

A coalition of consumer groups sued the Consumer Financial Protection Bureau and acting Director Russell Vought for refusing ...

In its response, the CFPB did not address the constitutionality of its funding structure but argued that the defendants’ intention to challenge the CFPB’s funding mechanism could have been ...

The CFPB has long survived existential threats, including a few court cases that challenged its constitutionality. However, the Trump administration's cuts are its biggest test yet, and it’s ...

The CFPB's union claims that the proposed reduction in force would significantly harm the CFPB's ability to function and protect consumers. The bureau's actions, the union claims, violate the ...

On May 1, the CFPB filed a joint motion with two financial trade groups to vacate a Biden-era rule barring most medical debt from appearing on consumer credit reports.

A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused ...

Consumers’ Top Watchdog: The CFPB’s Vital Role Amid Legal Challenges. The exterior of the Consumer Financial Protection Bureau headquarters is seen on February 10, 2025, in Washington.

The CFPB's annual funding for the 2025 fiscal year is capped at 12% of the operating expenses of the Federal Reserve System. This fixed percentage has been in place since the 2013 fiscal year.

Filled with hope, the couple planned on meeting with CFPB staffers on Feb. 10. That morning the Trump administration issued a stop work order effectively shutting down the agency.

The CFPB's funding limit, which is adjusted each year for inflation, is $823 million for the 2025 fiscal year, which ends Sept. 30, according to the Congressional Research Service. (It has risen ...