Medical debt remains on credit reports
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A federal judge has temporarily blocked the Trump administration’s plans to dismantle the Consumer Financial Protection Bureau. President Trump had planned to slash nearly 90% of the workforce at the bureau, which works to safeguard against fraud, abuse, and deceptive practices, claiming the agency has overstepped its authority.
The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But in practice, the bureau has been mostly inoperable for nearly six months.
Sen. Gallego and 29 Senators seek explanation from CFPB on its reversal to include medical debt in credit reports.
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Money Talks News on MSNTrump Is Closing the Consumer Financial Protection Bureau: What You Stand to LoseThe federal agency protecting your wallet from predatory lenders and unfair fees is facing elimination. Trump reacts to inflation news with fresh demand See the 2025 “Superman” Cast Side-by-Side with the Original Stars Who Played Their Characters
NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration.
New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the CFPB has been unaccountabl
Congress overturned a rule that would have capped overdraft fees at some banks and credit unions. Consumer Investigator Caresse Jackman explains what that means for your money and how to avoid those fees.
In Trumps first term, his then-director, Kathy Kraninger, took a lighter approach to supervision and enforcement, but still some of the biggest financial settlements in the bureaus history took place during that time.
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Money Talks News on MSNSurveillance Nation: Who Else Has a File on Your Finances?The Fair Credit Reporting Act considers each company a consumer reporting agency. That means you have the right to request your file, check it for errors, and dispute inaccuracies. The list makes it easier to identify and contact companies that might have information about you.