Newsweek reached out to the CFPB for comment via email on Tuesday. Junk fees, often hidden or unexpected charges that can inflate consumer costs, have been targeted by the CFPB in recent years ...

It also focused on curbing junk fees and predatory lending practices. How long has the CFPB been around? Congress established the agency as part of the Dodd-Frank Wall Street Reform and Consumer ...

Last year, the CFPB finalized a rule capping credit card late payment fees at $8 — down from an average of $32 — which it estimated would save consumers $14 billion per year. Critics of the ...

Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company misled ...

Enforcement director Eric Halperin and supervision director Lorelei Salas were placed on administrative leave by Mark Paoletta, the top lawyer at both the CFPB and the White House Office of ...

A promised cap on overdraft fees ... CFPB. "We urge Secretary Bessent to begin reversing the damage caused by these misguided regulatory actions and stand ready to support his efforts to chart ...

Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s ...

The agency's presence on social media was deleted after the Department of Government Efficiency, led by billionaire Elon Musk, gained access to the CFPB systems. In the past, President Donald ...

Its oversight applies to everything from mortgages to credit cards to bank fees to student loans. By law, the CFPB has the rare ability to issue new rules -- and impose fines against companies who ...

CFPB Deputy Director Zixta Martinez was also placed on administrative leave, according to an agency spokesperson. Eric Halperin, assistant director for the Office of Enforcement, and Lorelei Salas ...

This puts the CFPB's work on capping overdraft fees and cracking down on medical bills into limbo. A promised cap on overdraft fees and a ban on including medical debt on credit reports have been ...

Sen. Elizabeth Warren (D-Mass.) on Monday accused the Trump administration of trying to shut down the Consumer Financial Protection Bureau (CFPB) to benefit tech billionaire Elon Musk’s payment ...