The Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to halt all work and fired most of its employees. The CFPB was formed to fight financial fraud and deceptive lending practices.| Consumers' Checkbook Magazine
Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but without effective safeguards, the agency said.| Banking Dive
With Elon Musk's social media platform X poised to launch a digital wallet and peer-to-peer payment services, Musk's associates have been granted access to confidential information about X's competitors, an official at the Consumer Financial Protection Bureau (CFPB) told Musk Watch.| www.muskwatch.com
President Donald Trump today caved in to pressure from Wall Street and Big Tech and fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. During the campaign, Trump dangled measures like caps on credit card interest rates, Trump is now sacking someone whose years of work on behalf of consumers benefited families across the country.| Americans for Financial Reform
Americans for Financial Reform applauds today’s announcement of action against the nation's three largest banks, Bank of America, JPMorgan Chase, and Wells Fargo, for failing to protect consumers from widespread fraud and risky activity on Zelle, the most widely available peer-to-peer payment network.| Americans for Financial Reform