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CFPB

CFPB layoffs spark legal clash amid court orders

CFPB layoffs spark legal clash amid court orders

The Consumer Financial Protection Bureau (CFPB) has begun issuing mass layoff notices despite a court order intended to block broad cuts, escalating a legal showdown over the agency’s future. According to the Verge, CFPB acting director Russell Vought informed employees that they were subject to a reduction-in-force and would
Jason Lee Bakke Apr 18, 2025
Trump administration's attempt to dismantle CFPB faces legal hurdles

Trump administration's attempt to dismantle CFPB faces legal hurdles

The Consumer Financial Protection Bureau, established in 2010 to oversee financial institutions and protect consumers, is at the center of a legal battle following the Trump administration's efforts to effectively shut down the agency. On 7 February 2025, Acting Director Russell T. Vought ordered the cessation of all
Jason Lee Bakke Mar 16, 2025
Navigating change, the WBJ rundown: Navy Federal Credit Union, CFPB, Economic Development, DC Real Estate, MicroStrategy, Bitcoin, TTR Sotheby’s, Washington DC, Government Oversight, Leadership

Navigating change, the WBJ rundown: Navy Federal Credit Union, CFPB, Economic Development, DC Real Estate, MicroStrategy, Bitcoin, TTR Sotheby’s, Washington DC, Government Oversight, Leadership

Washington, D.C.’s economic, financial, and real estate sectors are seeing significant changes. The Consumer Financial Protection Bureau (CFPB) has fined Navy Federal Credit Union (NFCU) over allegations of aggressive overdraft practices. The CFPB claims that NFCU misrepresented overdraft fees and manipulated transaction orders to maximize charges. NFCU has
Jason Lee Bakke Nov 12, 2024

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