As IHOP Becomes IHOb, the CFPB Becomes the BCFP

As IHOP Becomes IHOb, the CFPB Becomes the BCFP

June 13, 2018         Written By John H. Oldshue

As the Internet melts down over the switch from IHOP to IHOb, a much different name change is occurring in the financial world. The Consumer Financial Protection Bureau is transitioning to the Bureau of Consumer Financial Protection—from CFPB to BCFP.

In March, interim director Mick Mulvaney changed the official name of the Bureau to the BCFP. Mulvaney said the organization had been operating under a misnomer—the CFPB did not technically exist. However, some critics argue that moving the word “Bureau” to the beginning of the name takes the focus away from the consumer.

Featured Fair Credit Card

Top Features: All credit types welcome to apply!

As Alan Zibel pointed out on Twitter, the agency’s offices now have a “bcfp” sign outside. He commented the new leadership is “Making America a Bureau Again,” a play on Trump’s famous campaign slogan. Mulvaney was appointed by the Trump Administration after Richard Cordray stepped down as director.

The Bureau already has a new seal sporting its name, but they have not changed any of the branding on their website. One change that may come to the site in the near future is the removal of the Consumer Complaints Database. In a banking conference in April, Mulvaney said the bureau may limit consumer access to bank complaints because as they stand, the complaints are somewhat unreliable.

The information contained within this article was accurate as of June 13, 2018. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

Review LowCards.com Editor’s Top Cards!

2020 Top Credit Cards by Category
Featured Fair Credit Card
Reflex Mastercard® Credit Card
EDITOR RATING
Featured Fair Credit Card
Reflex Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: All credit types welcome to apply!

Featured Low Interest Card
ABOC Platinum Rewards Mastercard®
EDITOR RATING
Featured Low Interest Card
ABOC Platinum Rewards Mastercard®

Applying for this card will securely direct you to the issuer's website.

Top Features: No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card
EDITOR RATING
Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: Reports to all three credit bureaus, perfect credit not required for approval

Featured Good Credit Card
Petal® Visa® Credit Card
EDITOR RATING
Featured Good Credit Card
Petal® Visa® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee


john-oldshue

About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.