House passes bill to give financial agencies a technology boost
The FUTURES Act aims to close “talent gaps, procurement barriers, or technological blind spots” at the federal financial regulators, the bill’s Republican co-sponsor says.
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Consumer Financial Protection Bureau
GOP senator blasts ‘amateurish’ DOGE work, lack of detail on savings
Sen. Thom Tillis, R-N.C., put OMB Director Russell Vought on the spot during a Senate Banking Committee hearing over minimal documentation around DOGE savings claims.
House Democrats grill Vought over DOGE’s CFPB data dives
The agency’s acting director and OMB head struggled to get a word in as House Financial Services Committee Democrats hammered him on DOGE, website deletions and more.
Vought ducks Dems’ questions about CFPB website deletions, source says
A source with the Senate Banking Committee Democrats said the acting CFPB director hasn’t responded to a June 22 letter about the disappearance of 15 years of…
After financial agencies’ ‘Herculean effort’ on joint data standards, the wait begins
Data experts say the regulators’ final rule as part of the Financial Data Transparency Act is a boon for transparency and accuracy, but there’s still a ways…
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Financial regulatory agencies have fallen behind on joint data standards
A new GAO report offers guidance to regulators that could lead to governmentwide data standards after the agencies missed a deadline required by the Financial Data Transparency…
GAO sees ‘mixed’ agency response to recommendations on combatting scams
A director with the watchdog told Congress this week that the FBI, CFPB and FTC haven’t addressed many recommendations from an April 2025 report on digital money-making…
CFPB blasted by Senate Banking Democrats for ‘entirely avoidable’ cybersecurity flaws
In a letter shared first with FedScoop, Sen. Warren and colleagues demand answers about an OIG report that found the agency’s cyber program to be ineffective due…
Senate Democrats urge CFPB to ignore big banks’ interest in overhauling data rule
A letter from Sens. Warren, Wyden and Blumenthal asked acting CFPB Director Russell Vought to reinstate consumer protections for accessing personal financial data.
CFPB’s cybersecurity program ‘not effective’ after staff cuts, watchdog says
An IG audit found that the CFPB hasn’t maintained “an effective level of awareness of security vulnerabilities” following staff departures and diminished contractor support.
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