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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