() - Democratic legislators are moving forward with a bill intended to curb excessive fees levied by financial institutions when a customer has insufficient funds to cover a ...

Enter earned wage access (EWA), which goes by numerous nicknames - on-demand pay, daily pay, instant pay, same-day pay, ...

President Trump proclaimed at the beginning of his second term through several executive orders and initiatives designed to ...

The inspector general's office told Sen. Elizabeth Warren, D-Mass., and Sen. Andy Kim, D-N.J., that it was taking up their request to investigate the moves of the consumer agency's new leadership ...

Appellate judges overseeing the ongoing legal battle between the Trump administration's CFPB and the National Treasury Employees Union raised questions at a hearing this month about whether the ...

From medical debt to overdraft fees, the Consumer Financial Protection Bureau’s new leaders are targeting recent policies that advocates hoped would be too popular to touch.

CFPB acting enforcement director Cara Petersen has resigned, criticizing the Trump administration for making it increasingly difficult to perform the agency’s tasks, Reuters reports.

As of January 2025, the CFPB has delivered $19.7 billion in consumer relief since its creation, with 195 million people eligible for that relief, according to the agency.

The CFPB, which is tasked with ensuring banks, lenders and other financial companies play fair with consumers, has been thrown into chaos since President Donald Trump took office this year.

Petersen has worked for the CFPB for nearly 15 years. She has served as the bureau’s principal deputy enforcement director since December 2017, according to her LinkedIn profile.That has made her the ...

The Trump administration has frozen the agency’s work and abandoned most of its lawsuits against banks and lenders. By Stacy Cowley Cara Petersen, the acting head of enforcement for the Consumer ...