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Tag Archives: Consumer Financial Protection Bureau

Supreme Court will decide constitutionality of consumer watchdog bureau

United States Supreme Court Building

WASHINGTON – The Supreme Court on Friday said it will consider whether the structure of the watchdog Consumer Financial Protection Bureau created by Congress in 2010 is unconstitutional, something the Trump administration and even the bureau’s director say they now ...

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US appeals court upholds independence of consumer watchdog agency

WASHINGTON – A U.S. appeals court on Wednesday ruled that the structure of the Consumer Financial Protection Bureau is constitutional and that its director can only be fired by the president for cause. The split decision by the U.S. Court ...

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Federal agency halts investigation of Virginia firm accused of preying on detainees

An embattled federal consumer watchdog agency has agreed to suspend its investigation into a Virginia-based company accused of preying on detained immigrants. The Consumer Financial Protection Bureau – plunged into disarray last month by dueling directors – will pull back ...

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Regulators expand protections to prepaid debit card users

This photo from early June shows a chip-based credit card, in Philadelphia. New credit and debit cards with computer chips are putting the squeeze on small businesses, forcing them to spend hundreds or thousands of dollars on new payment systems and consultants to install them. AP Images

NEW YORK — Federal regulators announced new rules Wednesday governing the quickly growing prepaid debit card industry, an effort more than two years in the making which should bring basic account protections to its customers, who are often financially disadvantaged. ...

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