Financial services companies may feel relief from the aggressive federal oversight and regulation that defined the past decade. However, regulatory risk has not disappeared—it has shifted. State ...
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The Trump administration moved to eliminate nearly 90% of staff at the Consumer Financial Protection Bureau. Legal challenges have prevented the Trump administration from shutting down the agency.
In the waning days of the Biden administration, the Consumer Financial Protection Bureau filed a series of lawsuits against financial companies it accused of running roughshod over the public. Now, ...
America’s top consumer financial watchdog has spelled out its priorities under the Donald Trump era, including a dramatic cut to supervision and a shift away from financial technology firm oversight.
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the midst of a complete overhaul that could cripple its ability to act as the ...
In a move to address consumer financial protection, the Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against Synapse Financial Technologies, a now-bankrupt fintech ...
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