The CFPB is proud to support the new National Strategy for Financial Literacy to guide nationwide actions on building youth financial competency, developing good saving and investing habits, improving Americans’ knowledge of digital financial literacy, and learning how to avoid fraud and scams.
Why this matters
The document is a CFPB announcement of its membership in the Financial Literacy and Education Commission and support for a national strategy with four priority areas (youth capability, saving and investing, digital financial literacy, scams and fraud education).
Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank.
Why this matters
This is a CFPB press release reporting a court filing in NTEU v. Vought about an OLC determination that the Bureau cannot currently request Federal Reserve funds because the Fed has no combined earnings. It is not enforcement against a named firm, a rule, or a consultation, so it falls under news.
On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).
Why this matters
The update reports that Treasury Secretary Scott Bessent was designated Acting Director of the CFPB, an appointment and organisational news item. It contains no regulatory requirements, deadlines, or sector-specific content, so it is classified as news with General sector and topic tags and no urgency.