The Consumer Financial Protection Bureau will have to declare whether its lawsuit over Capital One Financial Corp.’s savings rate practices should be combined with existing consumer suits, despite the agency’s request to halt the case under Trump-appointed leadership.
President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.
Richard Cordray, the first director of the CFPB, told BI that Elon Musk's call to dismantle the agency is a 'direct conflict of interest.'
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The Consumer Financial Protection Bureau has been shut down by President Trump, at least for this week and possibly much longer. The agency, created by Congress after the 2008 financial crisis, has limited credit card fees,
WASHINGTON — The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
The Consumer Financial Protection Bureau is the latest U.S. government ... The rule would require the largest banks to pick one of three options: to reduce overdraft fees to $5, to reduce them ...
The Consumer Financial Protection Bureau has been a go-to financial agency for dealing with bad practices. Trump administration wants to end it.