- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2025-03-06T21:04:00
The future of the Consumer Financial Protection Bureau (CFPB)–and the Trump administration’s efforts to dismantle it–hang in the balance as a federal judge pushed consideration of a request by a federal employees’ union to preserve the agency.
Launched in 2011 to draft and enforce rules to protect consumers in financial transactions, the CFPB is a favorite of consumer advocates, while viewed by many in finance as overly zealous and an obstruction to the free market.
Elon Musk, whose extra-governmental Department of Government Efficiency is carrying out the wishes of President Donald Trump to shrink the size of government, has said he wants the CFPB to be abolished.
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2025-03-10T14:30:00Z By Jeff Dale
The Trump administration isn’t slowing down its efforts to defang the Consumer Financial Protection Bureau, with lawsuits dropped against a handful of big banks and financial services firms, most notably a case previously accusing payments app Zelle of failing to secure its network.
2025-02-12T15:20:00Z By Adrianne Appel
Enforcement and all other operations at the Consumer Financial Protection Bureau have come to a screeching halt under Trump administration directives but a pair of lawsuits aimed at keeping the agency open mean the stoppage could be short-lived.
2025-02-03T21:18:00Z By Oscar Gonzalez
A fine by the Consumer Financial Protection Bureau (CFPB) against the U.S arm of London-based foreign exchange company Wise could be one of the agency’s final actions as a new regulatory regime reportedly froze rules and litigation amid calls for defunding.
2025-04-04T20:04:00Z By Oscar Gonzalez
The European Union’s General Data Protection Regulation has been in effect since 2018, requiring companies to securely handle users’ personal data. The European Commission will reportedly review the regulations and claw back some of the rules, which could make doing business in Europe a little easier for these companies.
2025-04-02T18:50:00Z By Aaron Nicodemus
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
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