President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial Protection Bureau. CFPB funding would fall to 6.5% of the annual operating expenses of the Federal Reserve,

Congress should not have created the CFPB. Multiple federal agencies already existed to enforce consumer protection laws. The U.S. did not need a new government agency.

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.

FirstCash to pay $9 million in refunds and penalties for illegal pawn loans to servicemembers CFPB lawsuit alleged loans exceeded 36% APR cap and impo

A federal judge has struck down a Biden-era rule which would have eliminated medical debt from Americans credit reports.

Federal Reserve Bank of Boston President Susan Collins said she continues to believe the US central bank can be patient in considering interest rate cuts, suggesting healthy business and household balance sheets may limit the impact of tariffs on the economy.

Given the CFPB’s recent lack of action, enforcement experts don’t believe a proposed 50% budget cut will have much of an impact.

The U.S. Consumer Financial Protections Bureau has reached a settlement with pawn shop chain owner FirstCash Inc and its subsidiaries for alleged violations of the Military Lending Act, the consumer watchdog agency said Friday.