Category Archives: Uncategorized

sign for the CFPB outside a building

News Release: AFR Statement on Unlawful Step to Shut Down CFPB Headquarters

The Trump administration’s plan to shut down CFPB headquarters is the latest unlawful attack on a government agency that truly works for people. Following mass purges, forcing staff onto administrative leave, slashing funding, freezing regulatory activity, and halting enforcement actions, this step is a blatant attempt to irreversibly shutter the agency in utter defiance of the law, even as the Trump administration is losing court cases for its overreach.

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Blog: Predatory Fintechs Score as Trump-Musk CFPB Caves on Lawsuit

Today, the Consumer Financial Protection Bureau, which has been largely shut down by Elon Musk’s team and Acting Director Russell Vought, pulled the plug on a lawsuit against an online lender, SoLo Funds, that the agency had alleged was deceiving borrowers and imposing deceptive fees on more than half a million borrowers.

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News Release: Rally With Waters, Warren to Defend CFPB

On Monday, February 10, Senator Elizabeth Warren, Representative Maxine Waters, and others will gather for a rally at the Consumer Financial Protection Bureau (CFPB). Elon Musk and Donald Trump are stealing from consumers, attempting to kill this essential agency that protects Americans from fraud and exploitation at the hands of banks and other corporations.

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In The News: DOGE targets Consumer Financial Protection Bureau as Musk says ‘RIP’

“Every day that the CFPB is paralyzed because Musk, DOGE, or Trump stop its work is another day that consumers get ripped off, customers get denied bank accounts because they’re not white, or honest businesses lose money to fraudulent payments,” said Christine Chen Zinner, consumer policy counsel at Americans for Financial Reform.

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CMOC Asks Major Businesses to Explain Why They’re Fighting Reform

As the U.S. Senate debates measures to hold Wall Street accountable for the financial crisis, Commodities Market Oversight Committee (CMOC) supported a letter that hedge-fund manager Michael Masters has written to some of the nation’s biggest businesses asking them explain why they are siding with