The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.

Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau (CFPB). Cruz has unsuccessfully tried to disassemble the agency in the

The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

That's the Consumer Financial Protection Bureau (CFPB), an institution so misguided in both mission and execution that it does not deserve mere reform—it should be abolished outright.

While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are hoping that consumer protection remains a priority for the current administration, but they also have a clear common message for consumers – pay attention.

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) proposed a rule to prohibit provisions in agreements for consumer

Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.

Inflation, rising costs, and financial scams are taking a toll on service members and their families. Consumer Investigator Caresse Jackman examines the unique financial pressures military families face and the strategies to overcome them.

"By offering predatory credit with just a few taps on your cell phone, cash advance apps are a loan shark in your pocket .. cash advance app borrowers are trapped in a cycle of debt like that experienced by payday loan borrowers," Candice Wang, senior researcher at the Center for Responsible Lending, said on the group's website.