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The Consumer Financial Protection Bureau (CFPB) has filed a $2 billion lawsuit against Capital One, alleging that the bank deceived millions of consumers with their savings account offerings. The ...
The CFPB has vigorously pursued a mission to return billions of dollars to consumers from junk fees and fraud. Since the bureau’s founding in 2011, it has provided over $21 billion in consumer ...
The CFPB is the primary federal supervisory regulator tasked with consumer financial protection for larger nonbank participants, according to the Congressional Research Service.
President-elect Trump's adviser on government efficiency, Elon Musk, called for eliminating the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
WASHINGTON — The nearly 1,700 employees of the Consumer Financial Protection Bureau (CFPB) were told Monday not to come to the office or do any work — as the agency became the latest target of ...
The CFPB was created after the financial crisis of 2007–2008 as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act.While initially aimed to protect consumers from bad mortgage lenders that had partially created the financial crisis, the CFPB has also involved itself in other areas at high risk of fraudulent activity that harm consumers, such as credit cards, credit ...
The Consumer Financial Protection Bureau (CFPB) was envisioned by Elizabeth Warren while she was still a law professor at Harvard Law School.In 2010, it was established by the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act under President Barack Obama and the Democrat-led Congress.