CFPB Attempts to Lay Off 90% of Staff, Although Judge Temporarily Halts Efforts For Now
CFPB Attempts to Lay Off 90% of Staff, Although Judge Temporarily Halts Efforts For Now Last week, multiple outlets reported that the Consumer Financial Protection Bureau (CFPB) was planning to cut roughly 1,500 employees—or 90 percent of its staff—leaving only...
CFPB Drops Enforcement of Nonbank Registry
CFPB Drops Enforcement of Nonbank Registry Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement of a regulation creating a registry for nonbank financial companies that have broken consumer laws and have been...
CFPB Scraps Credit Card Late Fee Rule
CFPB Scraps Credit Card Late Fee Rule The Consumer Financial Protection Bureau (CFPB) has chosen to abandon its rule imposing an $8 limit on credit card late fees, according to a consent judgment motion filed this week. The agency and other industry groups like the... 