Consumer Financial Protection Bureau
Coverage of Consumer Financial Protection Bureau in the Nexus archive.
- Fake Fortnite rewards are stealing players’ accounts
Fake Fortnite reward websites trick players into entering their Epic Games login details, leading to account theft. These scams promise free V-Bucks, cash, or locker value calculations but are designed to steal credentials. Stolen accounts can be sold, used to scam friends, or exploited for financial gain, targeting Fortnite's large player base and younger demographics vulnerable to phishing.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are increasingly handling consumer protection duties as federal oversight, particularly from the Consumer Financial Protection Bureau, is reduced under President Donald Trump. Both Republican and Democratic AGs are collaborating to address high prices, antitrust violations, and deceptive business practices, with Connecticut AG William Tong leading a national affordability campaign.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are increasingly taking on consumer protection roles as federal oversight under President Trump diminishes. This shift follows the dismantling of the Consumer Financial Protection Bureau and rising concerns about high prices for housing, groceries, and fuel. Bipartisan efforts by state AGs include investigating businesses for antitrust violations and deceptive practices.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are taking on expanded consumer protection roles as federal oversight declines under President Trump. This includes addressing high prices, investigating businesses, and enforcing laws against antitrust violations and deceptive practices. The shift follows Trump's efforts to dismantle the Consumer Financial Protection Bureau and reduce federal consumer protections.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are increasing consumer protection efforts as federal oversight decreases under President Donald Trump, who has reduced the authority of agencies like the Consumer Financial Protection Bureau. This shift has led to bipartisan collaboration among state AGs to address high prices, deceptive practices, and antitrust violations through state and federal laws.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are increasing consumer protection efforts amid high prices and reduced federal oversight under President Trump. Legal experts note a shift in responsibility to states following the dismantling of the Consumer Financial Protection Bureau and growing concerns over affordability.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are taking on expanded consumer protection roles as federal oversight diminishes under Trump's policies, including the dismantling of the Consumer Financial Protection Bureau. Both Republican and Democratic AGs are collaborating to address high prices, deceptive practices, and affordability concerns through state and federal laws.
- State AGs expand consumer work as prices rise and Trump guts federal protections
State attorneys general are increasing consumer protection efforts as federal oversight under President Trump has decreased, leading to higher prices. They are collaborating across parties to address issues like price gouging and deceptive practices, with Connecticut's AG launching a national affordability campaign. The dismantling of the Consumer Financial Protection Bureau has shifted responsibility to states, prompting businesses to adapt to evolving state regulations.
- Stephen Miller says Trump administration is pursuing policy to debank illegal immigrants
White House deputy chief of staff Stephen Miller stated the Trump administration is pursuing a policy to limit banking services for illegal immigrants, aiming to incentivize self-deportation. President Trump signed an executive order directing increased scrutiny of financial services for undocumented immigrants, though the order did not explicitly mandate banks to deny accounts but could make access more difficult.
- Stephen Miller says Trump administration is pursuing policy to debank illegal immigrants
Stephen Miller stated the Trump administration is pursuing a policy to restrict banking services for illegal immigrants to incentivize self-deportation. The administration directed banks and regulators to increase scrutiny of accounts involving undocumented immigrants, though the executive order did not explicitly mandate denying services. Federal agencies have issued guidance to assess credit risk for borrowers without legal work authorization.
- Angry about fraud or an unsafe product? Here’s how to file a federal complaint
The article outlines federal agencies and processes for filing complaints related to fraud, unsafe products, and consumer issues. It highlights the FTC, CFPB, CPSC, FAA, FBI’s IC3, and others, emphasizing that complaints remain valuable despite government budget cuts and regulatory rollbacks.
- Woman says someone stole $44K out of account and that bank held her responsible for part of
Brenda Lacey reported unauthorized withdrawals totaling $44,000 from her Truist account. The bank reimbursed the first $17,000 but denied subsequent claims of $27,000, blaming her for negligence. Truist offered a repayment agreement after media intervention, and an attorney advised filing police reports and complaints with banking regulators.
- Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
Sen. Elizabeth Warren claims the Trump administration's rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion. The overhaul refers to changes in Consumer Financial Protection Bureau policies under the Trump administration.
- Louisiana gets $557K from Cash App settlement after users left exposed to scams and fraud
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 gets $1.3 million to settle allegations Cash App did not shield users from fraud
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 settles $45M fraud protection lawsuit; Minnesota to get small slice
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.
- Democratic congressman asks the CFPB to investigate 'rent now, pay later' companies
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.
- Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies
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.
- Democratic congressman asks the CFPB to investigate ‘rent now, pay later’ companies
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.
- Debt collection letter for debt you don't owe? What to do now
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.
- The Needle: Trump Won’t Sign Affordable Housing Act, USPS Plans To Delay Mail-In Ballot Delivery and Suppress Votes, National Mall Not Looking Good, Stephen Miller in Peril, Stop Putting His Face Everywhere, and CFPB Mass Layoffs Blocked For Now
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 to expand peer-to-peer payment service to India this year
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.
- Trump names former CFPB official Brian Johnson to be agency’s next permanent director
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.
- Trump names former CFPB official Brian Johnson to be agency’s next permanent director
President Donald Trump has selected Brian Johnson, a former CFPB official, to serve as the next director of the Consumer Financial Protection Bureau.
- Millions of student-loan borrowers risk facing debt collectors who were penalized for 'misleading' behavior
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.
- Treasury advances immigration crackdown
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 Needle: The Kennedy Center Is Healing, Ballroom Donors Got Billions in Contracts, Pete Hegseth Won’t Promote Women and Black Officers, 10K Lawyers Have Left the Government, and CFPB Is Deleting Data from Its Site
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.
- Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it
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.
- Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it
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.
- America's Corporate Protector
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 'high stakes' as new rules take effect on July 1, CFP says. What to know
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, gay rights icon and architect of bank rules, dies at 86
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.
- Trump executive order to stop short of requiring banks to collect citizenship information
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.
- Republicans block Democrat-backed measures to undo Trump’s dismantling of CFPB
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.
- AP Exclusive: Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks
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.
- Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on Credit Reports
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.
- A Federal Worker Was Fired for Filming DOGE. Now She’s Running for Congress
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.
- Bessent hosts financial literacy fair, touts education as key to American dream
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.
- Bessent hosts financial literacy fair, touts education as key to American dream
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.
- CFPB ends some lending industry antidiscrimination requirements
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.