WASHINGTON — The Senate Banking Committee’s contribution to the “big, beautiful bill” would cut funding for the Consumer Financial Protection Bureau and eliminate the Office of Financial Research — just two of many provisions included in the legislation. The bill would drastically change the funding structure of the CFPB by removing its ability to fund
If you asked the average person on the street if they would like their bank account data to be treated in the same way as data on Instagram or Facebook — that is, shared with advertisers, vendors and service providers — the response would be a resounding: “No! Absolutely not!” Yet every day, millions of
The Consumer Financial Protection Bureau signaled that its embattled consumer financial data rights rule may soon be nullified, according to a legal filing submitted just before Memorial Day weekend. In a filing Friday in the Eastern District of Kentucky, CFPB Chief Legal Officer Mark Paoletta said the bureau leadership aims to table the rule after