Christopher Mufarrige is named acting director of the FTC's Bureau of Consumer Protection; TD Bank promotes Andrew Stewart, Nadir Johnes and Jo Jagadish; PayPal's John Kim is leaving the company; and more in this week's banking news roundup.

The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.

The CFPB is widely seen as a key ally of American consumers, but critics say it costs too much and stifles innovation.

The Consumer Financial Protection Bureau has imposed a $15 million fine on Equifax, a consumer reporting agency, for failing to adequately investigate consumer disputes regarding credit reports.

Melissa Holyoak, an FTC commissioner known for her ties to tech giants like Google, is being considered for director of the consumer watchdog agency that is challenging Big Tech.

The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, text — anything, really — from the Trump administration

Background, Purpose, and Structure of the Proposed Rule - On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) published

On January 13, 2025, the Consumer Financial Protection Bureau (CFPB) proposed a rule to prohibit provisions in agreements for consumer

The FTC and the State of Colorado recently sued a prominent property management company, alleging hidden fees added on top of the publicly advertised monthly rent.

The effort got a boost last week from a top Federal Trade Commission official, who sent a letter to Gov. Jared Polis urging the state to target so-called “junk fees.”

"By offering predatory credit with just a few taps on your cell phone, cash advance apps are a loan shark in your pocket .. cash advance app borrowers are trapped in a cycle of debt like that experienced by payday loan borrowers," Candice Wang, senior researcher at the Center for Responsible Lending, said on the group's website.

In a lengthy letter to the chair of DOGE, billionaire Elon Musk, that was first reported by Time , Warren highlighted that "you have publicly called for sizable cuts in funding—from $500 billion in annual spending to 'at least' $2 trillion in cuts to federal spending—although recently, you said you may not actually be able to meet that goal."