Consumer Financial Protection Bureau

Louisiana will receive $557,086.81 from a $45 million multistate settlement with Block, Inc. (Cash App) over allegations the company misled users about platform safety, failed to protect against fraud, and inadequately addressed scamming risks. The settlement, led by Oregon and Texas, resolves claims that Cash App's weak security and policies exposed users to fraud, including fake customer service lines and vulnerable promotions like Cash App Fridays.

Vermont will receive $1.3 million from a multistate settlement with Cash App's parent company Block over allegations the platform failed to protect users from fraud and misled them about security. The $45 million total settlement across 46 states follows a federal $175 million agreement with the Consumer Financial Protection Bureau over similar claims.

Cash App’s parent company, Block, agreed to a $45 million multistate settlement over allegations of misleading users about the app’s safety and failing to protect them from fraud. Minnesota will receive approximately $639,000 (1.5% of the settlement), with the company committing to improved customer support and up to $120 million in consumer restitution through the Consumer Financial Protection Bureau.

A Democratic congressman requested the CFPB to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. Rep. Maxwell Frost highlighted his personal debt struggles with similar services and urged accountability for potential violations of consumer financial laws.

A Democratic congressman urged the Consumer Financial Protection Bureau to investigate 'rent now, pay later' companies over concerns about hidden fees and consumer understanding. The letter highlights potential violations of federal laws and questions whether landlords are promoting these services to tenants.

A Democratic congressman is requesting the Consumer Financial Protection Bureau (CFPB) to investigate 'rent now, pay later' companies. The call for investigation focuses on the 'rent now, pay later' industry.

Complaints to the CFPB about debt collection for unowed debts rose 115% in 2025, with many cases involving suspected identity theft. Debt collectors use outdated contact information and data-broker profiles to target individuals, often based on breached data, while federal laws like Regulation F and the Fair Debt Collection Practices Act provide consumers with dispute rights and validation requirements.

President Donald Trump refused to sign the 21st Century Road to Housing Act, a bipartisan bill aimed at lowering housing costs and restricting corporate buyers. The USPS plans to delay mail-in ballot delivery in non-compliant states, while a federal judge blocked Trump's executive order to create a federal voting list. Stephen Miller faces scrutiny over FBI documents, and the Consumer Financial Protection Bureau's mass layoffs were temporarily halted.

Zelle, operated by Early Warning Services, will expand its peer-to-peer payment service to India this year, marking its first international market. The company also announced the creation of ZelleUSD, a U.S. dollar-backed stablecoin, to support future international growth. Zelle processed over $1.2 trillion in transactions in 2025 but faces ongoing legal challenges related to fraud and unauthorized transfers.

President Donald Trump has selected Brian Johnson to lead the Consumer Financial Protection Bureau, who previously served as deputy director under Kathy Kraninger. Confirmation by the Senate is required, with the bureau having been led by acting director Russell Vought since Trump's return to office.

President Donald Trump has selected Brian Johnson, a former CFPB official, to serve as the next director of the Consumer Financial Protection Bureau.

Private companies Pioneer Credit Recovery and Transworld Systems, previously penalized for misleading student-loan collection practices, may resume collecting defaulted loans under a Trump-era transfer to the Treasury Department. This move could increase collection fees and repayment challenges for over 10 million borrowers in default or delinquency, as concerns about predatory tactics resurface.

The Treasury Department, along with regulators, directed banks to flag suspicious activities linked to undocumented immigrants, including identity theft and payroll fraud, and to assess risks from using taxpayer identification numbers. The Consumer Financial Protection Bureau had already acted on the executive order, and House Financial Services Chair French Hill questioned the policy's feasibility for banks.

The Kennedy Center removed President Donald Trump's name from documents following a court ruling. Ballroom donors received over $50 billion in contracts, and Defense Secretary Pete Hegseth excluded women and Black officers from promotions. Over 10,000 lawyers left government roles, and the Consumer Financial Protection Bureau deleted 2,200 webpages.

The Consumer Financial Protection Bureau deleted 2,200 webpages, including press releases and advisories, as part of the Trump administration's effort to dismantle the agency. The removed content predates Trump's second term and includes materials from as early as 2010.

The Consumer Financial Protection Bureau deleted 2,200 webpages, including press releases, consumer advisories, and blog posts published before Trump’s second term. Advocates claim this is part of the Trump administration’s effort to dismantle the agency.

The article examines the role of a corporate protector in the United States, focusing on enforcement actions related to the Consumer Financial Protection Bureau (CFPB). It references a political figure's influence on regulatory practices, as indicated by the article's URL and context.

Student loan borrowing is described as 'high stakes' as new rules take effect on July 1, according to the Consumer Financial Protection Bureau. Experts advise borrowers to proceed with caution when taking on more debt or consolidating loans after the change.

Barney Frank, a former US Representative from Massachusetts, died at 86. He was a key figure in Wall Street reforms and a trailblazer for LGBTQ+ rights. Frank is survived by his husband, Jim Ready.

President Trump signed an executive order aimed at addressing undocumented immigrants in the U.S. financial system, but backed away from requiring banks to collect citizenship information after industry pushback. Instead, the order directs Treasury Secretary Scott Bessent to advise financial institutions on immigration-related risks and work with regulators to strengthen customer due diligence requirements.

Senate Republicans blocked Democratic-backed measures to undo Trump's changes to the Consumer Financial Protection Bureau. The measures targeted rules on overdraft fees, credit report privacy, and mortgage lending. Democrats forced votes on multiple resolutions during President Trump's second term.

Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks, targeting vulnerable Republicans in an election year. The move is led by Senator Elizabeth Warren, who proposed the creation of the CFPB in 2007. The votes aim to highlight the dismantling of the agency under the Trump administration.

US Senators Elizabeth Warren, Tammy Duckworth, Andy Kim, and Lisa Blunt Rochester sent letters to major credit bureaus TransUnion and Experian after a ProPublica investigation found they were fixing fewer consumers' credit reports. The decline in relief coincided with the Trump administration's attempts to roll back oversight of the financial sector. This has raised concerns about the legality of the companies' practices.

Alexis Goldstein, a former Consumer Financial Protection Bureau employee, was fired for recording DOGE's incursion into the agency and is now running for Congress. She was a federal worker before her termination. The incident led to her current congressional campaign.

Treasury Secretary Scott Bessent hosted a financial literacy fair at the U.S. Department of the Treasury, engaging over 50 students from the D.C. area. The event, part of Financial Literacy Month, featured interactive activities and partnerships with organizations like Visa and Robinhood. Bessent emphasized financial literacy as essential to the American dream, citing low financial literacy rates among young people.

Treasury Secretary Scott Bessent hosted a financial literacy fair at the U.S. Department of the Treasury, emphasizing education as critical to the American dream. The event featured interactive activities and partnerships with organizations like Visa and Robinhood, aligning with a broader initiative to improve financial literacy, particularly among youth.

The Consumer Financial Protection Bureau (CFPB) has eliminated certain anti-discrimination requirements for the lending industry, ending adherence to the 1974 Equal Credit Opportunity Act (ECOA), which previously protected access to credit for diverse demographics.

The U.S. Justice Department proceeds with a $68 million settlement against Texas land developer Colony Ridge despite a judge's criticism that the agreement fails to compensate victims and includes $20 million for law enforcement. Judge Alfred H. Bennett expressed discomfort with the provision, questioning its inclusion in a case initially focused on predatory lending practices.

The U.S. Justice Department proposed a $68 million settlement for a predatory lending case against Texas developer Colony Ridge, but the agreement offers no compensation to victims instead allocating funds for policing and immigration enforcement. Critics, including former officials, condemned the deal as a failure to address harm to Hispanic residents targeted by discriminatory lending practices.

A new policy allows consumers to avoid credit card interest until 2024, offering financial relief. This development is expected to impact borrowing behaviors and credit card usage patterns.