#cfpb — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cfpb, aggregated by home.social.
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Pleased to be able to contribute my thoughts to this article in Bloomberg Law.
"CFPB’s Immigration Review Order Complicates Lenders’ Decisions"
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CFPB to publish a "statement" requiring lenders to consider applicants' immigration status when engaging in certain required "ability-to-repay" determinations.
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The form asked my permission to share my health data. Then it wouldn’t let me say no. – The Markup - https://themarkup.org/privacy/2026/05/27/opt-out-dark-patterns
-@themarkup -
Lawsuit to keep the "disparate impact" regulations in the Equal Credit Opportunity Act in place on the grounds that the CFPB violated the Administrative Procedures Act and that Russell Vought is not properly serving at the director of the CFPB.
#lawfedi #cfpb #consumerprotection
https://nationalfairhousing.org/nfha-sues-cfpb-ecoa-rule-change/ -
Rohit chopra to head newly created California Business and Consumer Services Agency.
#lawfedi #consumerprotection #CFPB
https://www.politico.com/news/2026/05/12/newsom-appoints-rohit-chopra-california-consumer-agency-00917844 -
A Federal Worker Was Fired for Filming #DOGE. Now She’s Running for #Congress
#AlexisGoldstein , a former #ConsumerFinancialProtectionBureau employee, was fired this year for recording DOGE’s incursion into the agency.
#election #vote #privacy #security #cfpb -
Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on #CreditReports
found that 2 of the 3 major #creditBureaus — #TransUnion & #Experian — had substantially scaled back how often they provided relief to complaints filed through the #ConsumerFinancialProtectionBureau. The decline in relief coincided with the #Trump admin’s attempts to conduct mass #layoffs at the #CFPB & roll back much of its #oversight of the #financial sector.
#maga #privacy #financehttps://www.propublica.org/article/credit-report-mistakes-lawmakers-letter
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Please copy and paste into the form on the website of your Senators and Representative and share with friends. https://www.congress.gov/contact-us
New rules for the Consumer Financial Protection Bureau (CFPB) mean we now need legislation that specifically requires the performance of disparate impact analysis to seek out examples of lending discrimination.
I want you to require the CFPB to conduct regular examinations of the algorithms, zip code filters, and loan approval rates of banks and other lending institutions to see how these approvals break out along racial and gender lines.
This used to be the actual job of the #CFPB, but this Republican Administration just stripped disparate impact analysis from the Equal Opportunity Credit Act. Under the new rules, lending discrimination would only be considered to exist done deliberately and documented, like saying "no, because she's a woman" or "no, because he lives in a poor neighborhood" on the application.
Banks and lenders were held accountable if their policies disproportionately harmed women, people of color, or low-income borrowers. That's how the CFPB caught banks redlining and locking entire communities out of homeownership and credit.
The CFPB is abandoning its legislatively mandated mission to ensure credit markets are fair and free of discrimination and I need you to fix this. I need you to codify the examination of potential lending discrimination into law in ways that protect all Americans.
#Resist #ResistOfTheDay -
"CFPB data shows that since Trump’s inauguration in January 2025, more than 2.7 million credit reporting complaints submitted to the #CFPB have gone without relief, leaving some people at risk of being denied loans, housing or employment and subject to higher rates from insurers and lenders" https://www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion
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"CFPB data shows that since Trump’s inauguration in January 2025, more than 2.7 million credit reporting complaints submitted to the #CFPB have gone without relief, leaving some people at risk of being denied loans, housing or employment and subject to higher rates from insurers and lenders" https://www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion
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Donald Trump’s Ls for the week SO FAR
https://youtube.com/shorts/1VhgTxTRRuo
#ItsOnlyTuesday
#USPol #Amandas_Mild_Takes #YouTubeShorts #Satire
#OperationEpsteinFury #TrumpIranWar
#FCCChairBrendanCarr
#GasPriceHike
#RFKjr #Vaccines #AAP #Pediatrics
#FedChairJeromePowell
#CFPB
#DOJ #DOJLawyersQuit #DOJLawNewGrads
#MeatPackingStrike #UptonSinclair
#Inflation #Stagflation
#VoterFraud #NV #FBI
#KristiNoem #Perjury #SenateJudiciary
#GregBovino
#ICEWarehouse #GA -
More lawlessness (probably misappropriating to pay for the Big Ugly Bill), J udge rules against Trump on CFPB funding authority #CFPB
https://thehill.com/regulation/court-battles/5783614-cfpb-consumer-watchdog-trump-vought/ -
The Consumer Financial Protection Bureau has returned BILLIONS to Americans, but now it is under fire.
In the latest Blue Vote Café episode, Heather Booth of JANE and Midwest Academy joins us to talk about why the CFPB is so important and expose the efforts by the Trump administration to tear it down.
🎧 Listen: BlueVoteCafe.com or wherever you get your podcasts
🗳️ Vote: Request your 2026 ballot at VoteFromAbroad.org
#BlueVoteCafe #DemocratsAbroad #CFPB #Vote2026 #Podcast #VoteFromAbroad -
"The #TrumpAdministration’s ongoing effort to dismantle the Consumer Financial Protection Bureau cost Americans nearly $20 billion in just a year, according to a report released Monday as Democratic lawmakers and campaigners marked the anniversary of the White House’s hostile takeover and gutting of the #CFPB." https://www.commondreams.org/news/trump-consumer-financial-protection-bureau
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Banking Dive: Dive Deposits: CFPB tamps down on complaint portal. “The CFPB will discontinue processing complaints, it said, if a credit reporting agency alerts the bureau that the consumer did not first dispute the information directly with a credit bureau first. Further, the CFPB demands that consumers wait 45 days after directing their complaints to a credit reporting agency before […]
https://rbfirehose.com/2026/02/10/dive-deposits-cfpb-tamps-down-on-complaint-portal-banking-dive/ -
"On January 30, the Consumer Financial Protection Bureau (CFPB) began accepting public comments on whether the agency’s complaint intake system, which allows consumers to file public complaints against credit reporting companies, “is necessary for the proper performance of the functions” of the agency. The request for comment also seeks ideas on how to “minimize the burden of the collection of information” on companies flagged.
A potential rule change could make it harder for consumers to file complaints and publicize mistakes made by these credit reporting companies, which can “devastat[e]” families with higher interest rates and loan denials, according to a recent press release from the National Consumer Law Center, a nonprofit law group.
Three days before the announcement, the Consumer Data Industry Association — the lobbying group representing the “Big Three” credit reporting firms, Equifax, Experian, and TransUnion — noted in a letter to the CFPB that it should “cease publishing data related to individual consumer complaints” and that the bureau’s consumer complaint database is akin to a “Yelp for Financial Services.”
https://jacobin.com/2026/02/credit-reporting-transparency-regulations-trump/
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During #Trump’s first term in 2020, #SCOTUS took another step toward expanding the president’s authority to oust #independent ofcls. In a 5-to-4 decision in #Seila Law LLC v. #CFPB, the court said the structure of the CFPB was unconstitutional because it did not allow the president to fire the director without cause.
But the decision distinguished between government agencies run by a single director & those led by multimember commissions that “do not wield substantial executive power.”
#law 🧵
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#SCOTUS has ruled #Congress cannot limit the president’s #power to fire agencies led by a single official. The question before the court today is if it can insulate members of multi-member commissions from removal.
In 2020, in ruling Congress could not limit the president’s power to fire the head of the #CFPB, CJ #JohnRoberts wrote the ruling “does not foreclose Congress from pursuing alternative responses to the problem—for example, converting the CFPB into a multimember agency.”
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…Because exams are confidential, they can identify — &, ideally, stop — small issues that could otherwise mushroom. The #CFPB’s examiners have forced #banks & other #lenders to return hundreds of millions of dollars to #consumers for improper fees & worthless services, & helped uncover high-profile issues like #WellsFargo’s sham accounts scandal.
#law #corruption #government #oversight #Project2025 #RussVought #Trump
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And #RussVought has refused to request money for the #CFPB from the #FederalReserve, which funds its operations. The bureau warned in court filings that it would run out of operating cash early next year.
The #Trump admin is pursuing a variety of changes to give it greater sway over how #independent #financial regulators, including the Fed, oversee #WallStreet. Trump’s appointees have slashed supervision staffing & curtailed the scope of agencies’ #bank exams.
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The new pledge is, for now, mostly symbolic. #RussVought halted nearly all work at the #CFPB shortly after his arrival in February, & #bank examinations have not resumed. The agency’s hundreds of examiners have been told to spend their time closing out all open matters; they are currently barred from initiating new ones.
