Created at the behest of Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) has the ostensible goal of protecting people from bad actors and practices in the financial marketplace.

The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial crisis.

Senate Republicans backed a Wednesday effort from Texas GOP Sen. Ted Cruz to defund the Consumer Financial Protection Bureau (CFPB). Cruz has unsuccessfully tried to disassemble the agency in the

The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.

Understanding your rights as a consumer is more critical than ever. Financial rights education platforms have emerged as vital tools to bridge the gap between complex regulations and everyday financial decisions.

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are hoping that consumer protection remains a priority for the current administration, but they also have a clear common message for consumers – pay attention.

On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) proposed a rule to prohibit provisions in agreements for consumer

The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports.

Equifax will pay a $15 million penalty for failing to properly investigate credit report disputes.

"By offering predatory credit with just a few taps on your cell phone, cash advance apps are a loan shark in your pocket .. cash advance app borrowers are trapped in a cycle of debt like that experienced by payday loan borrowers," Candice Wang, senior researcher at the Center for Responsible Lending, said on the group's website.

That's the Consumer Financial Protection Bureau (CFPB), an institution so misguided in both mission and execution that it does not deserve mere reform—it should be abolished outright.