Consumer Financial Protection Bureau
United States government agency
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| February 11 2025 | Russell Vought restored CFPB procedures that sustain the mortgage markets. |
| February 1 2025 | President Trump fired Rohit Chopra, with deputy director Zixta Martinez becoming acting director. |
| 2024 | The Consumer Financial Protection Bureau implemented a rule limiting credit card late fees to $8. Initially blocked by a judge, the Supreme Court overturned the blocking reason, suggesting the rule is likely to be implemented. |
| 2024 | The CFPB's total refunds and canceled debts had increased to $19 billion, demonstrating continued consumer protection efforts. |
| July 2024 | CFPB gave Zelle a choice between settlement or litigation regarding fraud and scams on its platform. |
| June 2024 | CFPB proposed banning the use of medical debt in credit reports or loan decisions. |
| May 2024 | The US Supreme Court reversed the Fifth Circuit's decision in a 7-2 ruling written by Justice Clarence Thomas, ultimately upholding the CFPB's funding mechanism. |
| October 2022 | The Fifth Circuit Court ruled that the CFPB's funding structure was unconstitutional, siding with the Community Financial Services Association of America in their legal challenge. |
| December 2021 | CFPB fined LendUp $100,000 for deceptive marketing and fair lending violations. |
| October 12 2021 | Rohit Chopra becomes director of the Consumer Financial Protection Bureau, serving under President Joe Biden. |
| September 30 2021 | Rohit Chopra was approved as CFPB director by a 50-48 Senate vote. |
| February 13 2021 | President Joe Biden formally submitted Rohit Chopra's nomination to serve as CFPB director. |
| January 20 2021 | David Uejio takes office as acting director under President Joe Biden. |
| June 29 2020 | The Supreme Court ruled 5-4 that the CFPB director's firing protections are unconstitutional, determining the director must be removable by the President at will. |
| March 3 2020 | Oral arguments began at the Supreme Court regarding the CFPB's constitutional structure. |
| 2019 | Wells-Fargo began offering higher deposit rates to government lenders, which helped them manage the liquid coverage ratio requirements mandated by the Dodd-Frank Act. |
| 2019 | A study revealed that shifting oversight of non-exempt investment advisers with less than $100 million in assets to state regulators increased misconduct by 30-40%, particularly in areas with less sophisticated clients and less regulatory enforcement capacity. |
| October 18 2019 | The Supreme Court granted certiorari in the Seila Law case, which challenged the constitutional structure of the Consumer Financial Protection Bureau (CFPB). |
| January 2019 | The Supreme Court denied review of the DC Circuit Court decision. |
| 2018 | The Community Financial Services Association of America sued the CFPB over a 2017 rule blocking lenders from repeatedly attempting to collect funds from borrowers' accounts without consent. |
| December 11 2018 | Kathy Kraninger becomes director of the Consumer Financial Protection Bureau, serving under President Donald Trump. |
| June 2018 | New York Federal District Court judge Loretta Preska ruled against the CFPB's structure. |
| June 5 2018 | Acting director Mick Mulvaney removed all 25 members of the agency's Consumer Advisory Board. |
| May 24 2018 | Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act, which exempted dozens of banks from CFPB regulations. |
| May 22 2018 | The partial repeal law passed in the House of Representatives. |
| May 21 2018 | US President Donald Trump signed legislation repealing automobile lending rules enforcement by the Consumer Financial Protection Bureau. |
| January 31 2018 | The en banc D.C. Circuit found the CFPB's structure constitutional in a 7-3 vote. |
| 2017 | By this year, the CFPB had curtailed abusive debt collection practices, reformed mortgage lending, publicized and investigated hundreds of thousands of customer complaints, and extracted nearly $12 billion in refunds and canceled debts for 29 million consumers. |
| November 28 2017 | U.S. District Judge Timothy J. Kelly denied English's motion for a preliminary injunction, allowing Mulvaney to serve as CFPB acting director. |
| November 27 2017 | Mulvaney was given access to the director's office and ordered CFPB employees to disregard English's claims of being acting director. |
| November 26 2017 | Leandra English filed a lawsuit in the U.S. District Court seeking to prevent Mulvaney from becoming acting director, challenging the presidential appointment. |
| November 25 2017 | The Office of Legal Counsel released an opinion supporting President Trump's authority to designate Mulvaney as acting director, contradicting Cordray's succession plan. |
| November 24 2017 | Director Richard Cordray appointed Leandra English as deputy director and announced his resignation, suggesting English would become acting director under Dodd-Frank Act provisions. |
| August 2017 | Federal Reserve Chairwoman Janet Yellen affirms that core reforms in Dodd-Frank have substantially improved financial system resilience without unduly limiting credit availability or economic growth. |
| June 9 2017 | The Financial Choice Act, which would undo significant parts of Dodd-Frank, passed the House with a vote of 233–186. |
| 2016 | The Consumer Financial Protection Bureau (CFPB) took its first enforcement action against a company for allegedly failing to adequately protect consumers' data privacy and security. |
| 2016 | CFPB compiled and made publicly available hundreds of thousands of consumer complaints about financial services, including banks and credit card issuers, in a federal government database. |
| 2016 | House of Representatives voted to overturn the 2013 auto lending discrimination guidance, with 88 Democrats joining House Republicans. |
| October 2016 | The Court of Appeals for the District of Columbia Circuit ruled it unconstitutional for the CFPB director to be removable only for cause, considering it a threat to individual liberty. |
| November 2015 | As of late 2015, the CFPB had not compensated any individuals who were potentially victims of Ally Financial's allegedly discriminatory practices. |
| July 2015 | The United States Court of Appeals for the District of Columbia Circuit partially affirmed and partially reversed the earlier lawsuit, granting the bank standing to challenge the law. |
| 2014 | The Consumer Financial Protection Bureau (CFPB) launched an initiative to help consumers understand the risks associated with cryptocurrencies, providing public education about the potential financial dangers of these emerging digital assets. |
| 2014 | CFPB employees and former employees testified before Congress about alleged racism and sexism within the agency, claiming retaliation for reporting internal problems. |
| March 4 2014 | The bill was received by the Senate but was never considered in the Democratic-controlled Senate. |
| February 27 2014 | The proposed bill passed in the House of Representatives. |
| 2013 | United States House Financial Services Committee criticized the CFPB's structure, highlighting concerns about its leadership, financial transparency, and accountability to Congress. |
| 2013 | Ally Financial paid $98 million in fines and settlement fees related to alleged racial discrimination in auto lending, based on CFPB's controversial methodology of identifying potential discrimination. |
| September 26 2013 | The Consumer Financial Protection Safety and Soundness Improvement Act of 2013 (H.R. 3193) was introduced in the House of Representatives, proposing to create a five-person commission and rename the CFPB to 'Financial Product Safety Commission'. |
| August 2013 | A federal judge dismissed the 2012 lawsuit, ruling that the plaintiffs failed to show they had suffered harm. |
| August 22 2013 | The CFPB filed a lawsuit against Morgan Drexen in the United States District Court for the Central District of California, alleging violation of the Telemarketing Sales Rule and deceptive practices. |
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This contents of the box above is based on material from the Wikipedia articles Consumer Financial Protection Bureau & Dodd–Frank Wall Street Reform and Consumer Protection Act, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.