The halt of the Consumer Financial Protection Bureau's activities leaves CFPB rules targeting junk fees in a state of uncertainty.

The CFPB protects consumers by analyzing the practices of large financial institutions like banks, lenders, credit unions, and debt collectors to ensure they are not improperly targeting consumers.

Vought, the head of the Office of Management and Budget who also became the acting director of the CFPB on Friday, issued a notice to staff on Saturday demanding they “cease all supervision and ...

Some believe the CFPB has acted too aggressively or that its functions could be better filled in another way. Acting director Russell Vought recently instructed staff to suspend most operations.

Congress created the CFPB in 2010 after the global financial crisis. The agency polices and regulates the consumer finance sector. But Republicans have criticized the agency as being ...

Trump's Treasury Sec. Scott Bessent took over as acting director of the CFPB, a consumer watchdog. Bessent ordered much of the CFPB's work, including enforcement actions and investigations ...

“By deceiving customers, Wise gave itself an unfair advantage over other competitors in the remittances market,” former CFPB Director Rohit Chopra said in a Jan. 30 statement. “New ...

Vought, who Thursday was confirmed by the Senate as the head of the Office of Management and Budget, is now the acting director of the CFPB, he emailed to top staff at the agency, according to ...

Courts might stop the Trump administration from completely eliminating the Consumer Financial Protection Bureau, but many of ...

The agency has issued a number of high-profile regulations and enforcement actions over the years, seeking to strengthen safeguards on mortgages, credit cards, loans and other consumer finance.

The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry ... Major banks typically charge about $35 for each overdraft transaction.