Russell Vought, the new acting head of the consumer watchdog has directed its staff to cease investigations and enforcements while letting go of federal funds it was expected to draw.

President Donald Trump's day-one executive order freezing regulations could affect several rules on consumer finances that were finalized in the last days of Joe Biden's administration.

(Photo by Tasos Katopodis/Getty Images for Community Catalyst ... spearheading consumer protection regulations, such as capping overdraft and credit card fees on banks, mortgage lenders, credit ...

President Donald Trump's second administration continued its swift recasting of the federal government, prompting pushback from Democrats and legal challenges. The president said Sunday that he will ...

Getty Images Critics argue that diverts financing ... that limits the amount they can charge in overdraft fees.

The heads of both the House and Senate banking committees introduced a Congressional Review Act resolution to undo the ...

Republican members of the U.S. House and Senate introduced a joint resolution under the Congressional Review Act (CRA) to nullify ...

On January 22, 2025, the New York State Department of Financial Services (NYDFS) announced proposed regulations that would limit fees associated ...

AUGUSTA (WGME) – Maine lawmakers are discussing a bill that would eliminate multiple fees for the same overdraft. That bill would prevent a bank from charging more than one "non-sufficient fund" fee ...

A promised cap on overdraft fees and a ban on including medical debt on credit reports have been suspended, as Elon Musk's goal to "delete" a consumer watchdog is inching closer to reality.

A Congressional committee is moving to overturn a new rule that caps overdraft fees. The rule caps overdraft fees at $5 from $35 previously for big banks with more than $10 billion in assets ...

This puts the CFPB's work on capping overdraft fees and cracking down on medical bills into limbo. A promised cap on overdraft fees and a ban on including medical debt on credit reports have been ...