AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

The Consumer Financial Protection Bureau, led by President Trump’s administration, has dropped a case against Navy Federal Credit Union.

CFPB ordered Navy Federal in November 2024 to pay $80 million to service members unfairly charged overdraft fees. CFPB ...

Earlier this month, as Republicans raced to get their “big, beautiful” billionaire tax cut package across the line, the ...

Acting CFPB Director Russell Vought on Monday terminated the consent order that $190.2 billion-assest Navy Federal had agreed to in November under former CFPB Director Rohit Chopra. Navy Federal asked ...

The Consumer Financial Protection Bureau terminated an order requiring NFCU to reimburse $80 million to customers.

Former officials from the Consumer Financial Protection Bureau, or CFPB, are calling the watchdog's choice to let Navy Federal Credit Union off the hook for charging its members millions in illegal ...

The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.

The top U.S. watchdog agency for consumer finance this week canceled a $95 million settlement reached last year with Navy Federal Credit Union, a lender officials in the prior administration had ...

The withdrawn order says that Navy Federal consented to have the order withdrawn. In a statement, Navy Federal defended its use of overdraft and supported the CFPB's decision.

We firmly believe the CFPB’s decision to terminate the order was appropriate." Navy Federal is, by far, the largest credit union in the country with roughly 14 million members and $180 billion ...

Neither Navy Federal nor the CFPB has offered an official statement explaining the move. In a now-removed news release , the CFPB had explained that, between 2017 and 2021, Navy Federal collected ...