Consumer Financial Protection Bureau
United States government agency
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February 11 2025 | Russell Vought restored CFPB procedures that sustain the mortgage markets. |
February 11 2025 | Russell Vought restored CFPB procedures that sustain the mortgage markets. |
February 1 2025 | President Trump fired Rohit Chopra, with deputy director Zixta Martinez becoming acting director. |
February 1 2025 | President Trump fired Rohit Chopra, with deputy director Zixta Martinez becoming acting director. |
2024 | The Consumer Financial Protection Bureau implemented a rule limiting credit card late fees to $8. Initially blocked by a judge, the Supreme Court overturned the blocking reason, suggesting the rule is likely to be implemented. |
2024 | The CFPB's total refunds and canceled debts had increased to $19 billion, demonstrating continued consumer protection efforts. |
2024 | The Consumer Financial Protection Bureau implemented a rule limiting credit card late fees to $8. Initially blocked by a judge, the Supreme Court overturned the blocking reason, suggesting the rule is likely to be implemented. |
2024 | The CFPB's total refunds and canceled debts had increased to $19 billion, demonstrating continued consumer protection efforts. |
July 2024 | CFPB gave Zelle a choice between settlement or litigation regarding fraud and scams on its platform. |
July 2024 | CFPB gave Zelle a choice between settlement or litigation regarding fraud and scams on its platform. |
June 2024 | CFPB proposed banning the use of medical debt in credit reports or loan decisions. |
June 2024 | CFPB proposed banning the use of medical debt in credit reports or loan decisions. |
May 2024 | The US Supreme Court reversed the Fifth Circuit's decision in a 7-2 ruling written by Justice Clarence Thomas, ultimately upholding the CFPB's funding mechanism. |
May 2024 | The US Supreme Court reversed the Fifth Circuit's decision in a 7-2 ruling written by Justice Clarence Thomas, ultimately upholding the CFPB's funding mechanism. |
October 2022 | The Fifth Circuit Court ruled that the CFPB's funding structure was unconstitutional, siding with the Community Financial Services Association of America in their legal challenge. |
October 2022 | The Fifth Circuit Court ruled that the CFPB's funding structure was unconstitutional, siding with the Community Financial Services Association of America in their legal challenge. |
December 2021 | CFPB fined LendUp $100,000 for deceptive marketing and fair lending violations. |
December 2021 | CFPB fined LendUp $100,000 for deceptive marketing and fair lending violations. |
October 12 2021 | Rohit Chopra becomes director of the Consumer Financial Protection Bureau, serving under President Joe Biden. |
October 12 2021 | Rohit Chopra becomes director of the Consumer Financial Protection Bureau, serving under President Joe Biden. |
September 30 2021 | Rohit Chopra was approved as CFPB director by a 50-48 Senate vote. |
September 30 2021 | Rohit Chopra was approved as CFPB director by a 50-48 Senate vote. |
February 13 2021 | President Joe Biden formally submitted Rohit Chopra's nomination to serve as CFPB director. |
February 13 2021 | President Joe Biden formally submitted Rohit Chopra's nomination to serve as CFPB director. |
January 20 2021 | David Uejio takes office as acting director under President Joe Biden. |
January 20 2021 | David Uejio takes office as acting director under President Joe Biden. |
June 29 2020 | The Supreme Court ruled 5-4 that the CFPB director's firing protections are unconstitutional, determining the director must be removable by the President at will. |
June 29 2020 | The Supreme Court ruled 5-4 that the CFPB director's firing protections are unconstitutional, determining the director must be removable by the President at will. |
March 3 2020 | Oral arguments began at the Supreme Court regarding the CFPB's constitutional structure. |
March 3 2020 | Oral arguments began at the Supreme Court regarding the CFPB's constitutional structure. |
October 18 2019 | The Supreme Court granted certiorari in the Seila Law case, which challenged the constitutional structure of the Consumer Financial Protection Bureau (CFPB). |
October 18 2019 | The Supreme Court granted certiorari in the Seila Law case, which challenged the constitutional structure of the Consumer Financial Protection Bureau (CFPB). |
January 2019 | The Supreme Court denied review of the DC Circuit Court decision. |
January 2019 | The Supreme Court denied review of the DC Circuit Court decision. |
2018 | The Community Financial Services Association of America sued the CFPB over a 2017 rule blocking lenders from repeatedly attempting to collect funds from borrowers' accounts without consent. |
2018 | The Community Financial Services Association of America sued the CFPB over a 2017 rule blocking lenders from repeatedly attempting to collect funds from borrowers' accounts without consent. |
December 11 2018 | Kathy Kraninger becomes director of the Consumer Financial Protection Bureau, serving under President Donald Trump. |
December 11 2018 | Kathy Kraninger becomes director of the Consumer Financial Protection Bureau, serving under President Donald Trump. |
June 2018 | New York Federal District Court judge Loretta Preska ruled against the CFPB's structure. |
June 2018 | New York Federal District Court judge Loretta Preska ruled against the CFPB's structure. |
June 5 2018 | Acting director Mick Mulvaney removed all 25 members of the agency's Consumer Advisory Board. |
June 5 2018 | Acting director Mick Mulvaney removed all 25 members of the agency's Consumer Advisory Board. |
May 24 2018 | Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act, which exempted dozens of banks from CFPB regulations. |
May 24 2018 | Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act, which exempted dozens of banks from CFPB regulations. |
May 21 2018 | US President Donald Trump signed legislation repealing automobile lending rules enforcement by the Consumer Financial Protection Bureau. |
May 21 2018 | US President Donald Trump signed legislation repealing automobile lending rules enforcement by the Consumer Financial Protection Bureau. |
January 31 2018 | The en banc D.C. Circuit found the CFPB's structure constitutional in a 7-3 vote. |
January 31 2018 | The en banc D.C. Circuit found the CFPB's structure constitutional in a 7-3 vote. |
2017 | By this year, the CFPB had curtailed abusive debt collection practices, reformed mortgage lending, publicized and investigated hundreds of thousands of customer complaints, and extracted nearly $12 billion in refunds and canceled debts for 29 million consumers. |
2017 | By this year, the CFPB had curtailed abusive debt collection practices, reformed mortgage lending, publicized and investigated hundreds of thousands of customer complaints, and extracted nearly $12 billion in refunds and canceled debts for 29 million consumers. |
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This contents of the box above is based on material from the Wikipedia article Consumer Financial Protection Bureau, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.