At least one political appointee at the Consumer Financial Protection Bureau is raising concerns about fees JPMorgan Chase & ...

Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The ...

New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...

Advocates that pressed for the creation of the CFPB in the wake of the 2008 financial crisis designed its funding mechanism to insulate the agency from political pressure and provide it with a ...

Banks and their lobbyists must put appropriate pressure on the Trump administration to avoid any further gutting of the CFPB — for their own sake. A robust consumer protection regime ensures that ...

High Noon for the CFPB at the Supreme Court The Justices have a chance to tell Congress it can’t shirk its duty by creating regulators insulated from political accountability. By ...

However, conservatives argued that allowing CFPB to get as much as $600 million a year from the Fed rendered the agency unconstitutionally unaccountable to Americans’ elected representatives.

The Consumer Financial Protection Bureau (CFPB) has been a focal point for both regulatory oversight and political debate arguably since its inception. Created in 2010 as a response to the ...

But the CFPB, which was developed after the 2008 financial crisis and modeled on a proposal from Democratic Sen. Elizabeth Warren, has evolved into less of a political football than it was in 2017.

Each year the CFPB director simply requests funding from the Fed, which must transfer the money as long as it doesn’t exceed 12% of the central bank’s operating expenses.