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#cfpb — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #cfpb, aggregated by home.social.

  1. 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 #finance

    propublica.org/article/credit-

  2. 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 #finance

    propublica.org/article/credit-

  3. 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 #finance

    propublica.org/article/credit-

  4. Lawmakers Demand Answers About Growing Number of Unfixed Mistakes on

    found that 2 of the 3 major & — had substantially scaled back how often they provided relief to complaints filed through the . The decline in relief coincided with the admin’s attempts to conduct mass at the & roll back much of its of the sector.

    propublica.org/article/credit-

  5. 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 #finance

    propublica.org/article/credit-

  6. Please copy and paste into the form on the website of your Senators and Representative and share with friends. 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

  7. "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" propublica.org/article/credit-

  8. "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" propublica.org/article/credit-

  9. More lawlessness (probably misappropriating to pay for the Big Ugly Bill), J udge rules against Trump on CFPB funding authority #CFPB
    thehill.com/regulation/court-b

  10. "Her credit score plunged roughly 85 points because of a $240,000 student loan debt she does not owe.

    She repeatedly asked the nation’s big three credit reporting companies to correct the mistake, submitting documentation showing the debt belonged to her ex-husband.

    Even the loan’s account manager confirmed she wasn’t responsible."

    propublica.org/article/credit-

    #CreditScore #CFPB

  11. 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

  12. "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." commondreams.org/news/trump-co

  13. 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/
  14. 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/
  15. 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/
  16. 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/
  17. "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.”

    jacobin.com/2026/02/credit-rep

    #USA #Trump #CreditReporting #ConsumersRights #CFPB

  18. 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 🧵

  19. 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 🧵

  20. 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 🧵

  21. 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 🧵

  22. 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 🧵

  23. #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.”

    #law #Trump🧵

  24. CW: CW: Bureaucracy Hell / Financial Stress / Venting

    OMG I spent two hours trying to get in touch with someone at Experian in order to get access to my credit report, but I can't because to reach a person I have to correctly verify my identity using the information I've already proven I don't know.

    So since I'm literally not allowed to speak to the only people who can resolve this issue, I filed a complaint with the Consumer Financial Protection Bureau.

    Shit is hard. Some money comes in tomorrow, but today I am broke because of that stupid THC medical card I didn't even want. I could use immediate assistance, but GoFundMe works now too!

    gofundme.com/f/ellis-emergency
    venmo.com/joanburgos
    cash.app/$CeruleanArc

    I'm so tired. I wish I didn't fail so much, so spectacularly. It makes the small wins feel so much less meaningful. 😿

    #Experian #CFPB #Bureaucracy #SystemicFailure #CreditScore #Poverty #MutualAid #TransCrowdfund #Pittsburgh #ScreamingIntoTheVoid

  25. CW: CW: Bureaucracy Hell / Financial Stress / Venting

    OMG I spent two hours trying to get in touch with someone at Experian in order to get access to my credit report, but I can't because to reach a person I have to correctly verify my identity using the information I've already proven I don't know.

    So since I'm literally not allowed to speak to the only people who can resolve this issue, I filed a complaint with the Consumer Financial Protection Bureau.

    Shit is hard. Some money comes in tomorrow, but today I am broke because of that stupid THC medical card I didn't even want. I could use immediate assistance, but GoFundMe works now too!

    gofundme.com/f/ellis-emergency
    venmo.com/joanburgos
    cash.app/$CeruleanArc

    I'm so tired. I wish I didn't fail so much, so spectacularly. It makes the small wins feel so much less meaningful. 😿

    #Experian #CFPB #Bureaucracy #SystemicFailure #CreditScore #Poverty #MutualAid #TransCrowdfund #Pittsburgh #ScreamingIntoTheVoid

  26. CW: CW: Bureaucracy Hell / Financial Stress / Venting

    OMG I spent two hours trying to get in touch with someone at Experian in order to get access to my credit report, but I can't because to reach a person I have to correctly verify my identity using the information I've already proven I don't know.

    So since I'm literally not allowed to speak to the only people who can resolve this issue, I filed a complaint with the Consumer Financial Protection Bureau.

    Shit is hard. Some money comes in tomorrow, but today I am broke because of that stupid THC medical card I didn't even want. I could use immediate assistance, but GoFundMe works now too!

    gofundme.com/f/ellis-emergency
    venmo.com/joanburgos
    cash.app/$CeruleanArc

    I'm so tired. I wish I didn't fail so much, so spectacularly. It makes the small wins feel so much less meaningful. 😿

    #Experian #CFPB #Bureaucracy #SystemicFailure #CreditScore #Poverty #MutualAid #TransCrowdfund #Pittsburgh #ScreamingIntoTheVoid