The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.
The Consumer Financial Protection Bureau is a federal agency that protects consumers from predatory lenders and credit card companies. Here's how to file a complaint.
Mr. Chopra, long a target of criticism by Republican lawmakers and banks, has not yet been forced out. “I swore an oath to a five-year term,” he said this week.
The Trump administration is poised to oust Biden-era appointee Rohit Chopra as director of the Consumer Financial Protection Bureau and is considering either the Treasury Department or the White House Office of Management and Budget to oversee the agency,
The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, text — anything, really — from the Trump administration to say if he’s getting fired.
White House Press Secretary Karoline Leavitt on Tuesday defended President Trump's firings of at least a dozen agency inspectors general, saying Supreme Court precedent allows him the broad power to fire federal employees.
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t going to be quick, analysts say.
Trump's firings of the Senate-confirmed inspectors general included officials at Defense, State, Transportation, Labor, Health and Human Services, and EPA among others.
While many were sleeping late last Friday, the White House informed 17 inspectors general (IGs) that their services were no longer required.
Eliminating the Consumer Financial Protection Bureau in Trump's second term appears unlikely. But observers expect the agency to be more restrained.
President Trump’s executive actions, including a freeze on federal grants and a buyout offer to federal employees, have drawn criticism from Democrats and some Republicans, while his pick
President Donald Trump’s firings sets up another major legal clash over Congress’ power to put limits on the removal of federal officials.