CFPB Archives

NPR: The CFPB drops its lawsuit against Capital One, marking a major reversal

February 27, 2025

Originally appearing in NPR on February 27, 2025, Laurel Wamsley quotes Lauren Saunders on the consumer group response to the attack on the Consumer Financial Protection Bureau. “Voters in the last election expressed their dismay with high prices, yet the Administration is stopping the essential work to stop corporate abuses that take billions from people…

An Arm And A Leg Podcast: A medical-debt watchdog gets sidelined by the new administration

February 27, 2025

A federal agency called the Consumer Financial Protection Bureau — CFPB for short — has taken big steps to help people with medical debt. But in early February, the Trump administration moved to effectively shutter the agency. Chi Chi Wu, senior attorney at the National Consumer Law Center — describes the court battle she and…

CFPB Dismisses Case Brought Against Transunion Over Allegations It Tricked Customers into Overpaying

February 28, 2025

Enforcement action accuses Transunion of using ‘dark patterns’ to mislead consumers into purchasing monthly subscriptions they don’t need.

CFPB Abruptly Drops Enforcement Actions Against Corporations Accused of Ripping Off Consumers

February 27, 2025

Cases Dropped Against Mobile Home Lender, Rocket Homes, Student Loan Servicer, and More Let Corporate Wrongdoers Off Scot-Free

USA Today: No more consumer protection? What the CFPB shutdown means for you.

February 21, 2025

Originally appearing in USA Today on February 21, 2025, Daniel de Visé interviews NCLC Associate Director Lauren Saunders for coverage of the Trump Administration’s attack on the Consumer Financial Protection Bureau and calls for it to be shut down. “We are hoping that these are broadly popular measures, that Republicans will understand that their voters…

CNBC: A new bill would cap credit card interest rates at 10%. Here’s what that could mean for your money

February 7, 2025

Appearing in CNBC on February 7, 2025, Stephanie Dhue talks to NCLC Senior Attorney Chi Chi Wu for coverage of how credit card interest rates have been hovering near record highs and a new bipartisan bill that would cap them at a dramatically lower figure. Experts say it may not be a win for consumers. “You…

Detroit Free Press: Consumers don't need more hidden fees, tricky loans, or a repeat of financial crisis

February 12, 2025

Appearing in the Detroit Free Press on February 12, 2025, Susan Tompor interviews NCLC Associate Director Lauren Saunders for coverage of the Administration’s move to shutter the CFPB. “This is an agency that touches all of our lives.”Saunders noted a long list of ways that the CFPB has worked to address everything from rip-offs to…

NPR: Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming

February 13, 2025

Appearing in NPR on February 13, 2025, Laurel Wamsley covers the Trump Administration’s recent firings at the Consumer Financial Protection Bureau and a lawsuit filed by NCLC and others to stop additional firings.

TIME: What Cuts to the CFPB Could Mean For Consumers

February 13, 2025

Originally appearing in TIME on February 13, 2025, Alana Semuels interviews NCLC Associate Director Lauren Saunders for coverage of the Trump Administration’s plans to shutter the CFPB and what that means for consumers, including Misty Castaneda, who would benefit greatly from the bureau’s rule to remove medical debt from credit reports. “The CFPB was established…

CNBC: CFPB fines Equifax $15 million over errors on credit reports

January 17, 2025

Appearing in CNBC on January 17, 2025, Greg Iacurci interviews Chi Chi Wu, senior attorney at NCLC after the Consumer Financial Protection Bureau fined Equifax $15 million over credit reporting errors and alleged the credit bureau failed to properly investigate consumer disputes. “Credit bureaus have been sued repeatedly for this kind of conduct. They’re decades-old…

Associated Press: What does having the Consumer Financial Protection Bureau on hold mean for consumers?

February 12, 2025

Appearing in the Associated Press on February 12, 2025, Cora Lewis interviewed NCLC Associate Director Lauren Saunders for coverage of the Trump Administration’s decision to halt work at CFPB. “President Trump campaigned on lowering prices, and a lot of people voted for him because of high prices. and yet we’re seeing Republicans move to make…

CNBC: Trump’s second term could mean the downfall of the FDIC, CFPB: Here’s what that means for consumers

January 18, 2025

Appearing in CNBC on January 18, 2025, Jessica Dickler quotes NCLC Executive Director Richard Dubois in coverage of the impact of the incoming administration on the Consumer Financial Protection Bureau. The agency protects “hard-working people from predatory practices and discrimination in financial services.” Richard Dubois, executive director of the National Consumer Law Center.

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