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

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.

A group of senators says they have "profound alarm" and are demanding answers over the unprecedented decision by the government's consumer watchdog to drop its case against Navy Federal Credit Union ...

CFPB RIP” was Elon Musk’s tweet on Feb. 7, when the billionaire was slashing his way through federal agencies at the behest of his then-ally, President Donald Trump.Rohit Chopra, former director of ...

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

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 terminated an order requiring NFCU to reimburse $80 million to customers.

The Consumer Financial Protection Bureau's reversal on its settlement with Navy Federal Credit Union is part of a broader pattern.

The Navy Federal action marks the second recent high-profile enforcement action directed at a credit union by CFPB. Last week, it sanctioned the $14.7 billion-asset Vystar Credit Union in Jacksonville ...

Through its “Optional Overdraft Protection Service,” known as “OOPS,” Navy Federal charged consumers $20 for most overdraft transactions, the CFPB release said. The credit union collected ...

The Navy Federal Credit Union, which settled the charges without admitting or denying wrongdoing, is the largest credit union in the United States with more than $77.8 billion in assets as of June 30.