Trump administration orders consumer protection agency to stop work, closes building
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Consumer Financial Protection Bureau to shutter for a week
The Trump administration is closing the offices of the Consumer Financial Protection Bureau for the coming week, according to an email viewed by The Washington Post, casting further doubt on the ...
Consumer Financial Protection Bureau ordered to stop work: What to know about the agency
Russell Vought, director of the Office of Management and Budget and the acting director of CFPB, ordered the federal watchdog to stop work.
Union Sues Trump For Trying To Shut Down Consumer Financial Protection Bureau
The National Treasury Employees Union says the president is violating the constitutional separation of powers.
What is the Consumer Financial Protection Bureau, and why is it a Trump target?
The Consumer Financial Protection Bureau was established to root out corporate wrongdoing after the 2008 crash. The Trump administration has moved to weaken it.
Trump Vs. CFPB: Russ Vought Orders Consumer Financial Protection Bureau To Stop Work
Consumer Financial Protection Bureau Acting Director Russell Vought told agency employees on Monday not to come into work or perform any work tasks—a dismal sign for the bureau that has been targeted by President Donald Trump and tech billionaires including Mark Zuckerberg and Elon Musk.
JD Supra4d
The Trump Administration Signals Significant Changes to CFPB's January 2025 Initiatives
Many have been left wondering whether there will be material changes by the Trump administration to the recently released ...
American Banker2d
CFPB shutdown raises questions for consumer oversight
A swift reversal of policy at the Consumer Financial Protection Bureau has raised questions about the future of the agency's willingness to level the playing field between large and small banks as ...
Newsweek2d
What CFPB Shutdown Means for Junk Fees
Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...
JD Supra6d
New Administration Outlook: What Does the CFPB "Freeze" Mean for Regulations and Pending Litigation?
Treasury Secretary Scott Bessent, who is currently serving as the acting director of the Consumer Financial Protection Bureau (CFPB), emailed staff ...
The Hill2d
Shutting down CFPB ‘begging for another financial crisis’: Former director
Rohit Chopra, the former director of the Consumer Financial Protection Bureau (CFPB), argued Monday that shutting down the agency is “begging for another financial crisis,” as the Trump ...
New York Post2d
Top CFPB leaders dismissed as Trump team begins to dismantle agency
WASHINGTON — Two top leaders of the Consumer Financial Protection Bureau were removed from their roles Tuesday — in the first staffing cuts as President Trump’s team begins an ambitious ...
komonews2d
Did sidelining the CFPB make life more difficult for big banks?
“If there’s no point person, the rules are frozen in time, it’s not good for anyone,” one anonymous former Consumer Financial Protection Bureau (CFPB) official who works with companies in ...
The Washington Post2d
The CFPB took aim at Big Tech. Then Elon Musk moved to dismantle it.
About a week before Elon Musk helped take over the nation’s leading consumer financial watchdog, his social media site, X, unfurled the details of a new payment system that may have drawn ...
New York Post3d
CFPB’s 1,700 employees told to ‘not perform any work’ as Obama-era agency becomes latest Trump target
WASHINGTON — The nearly 1,700 employees of the Consumer Financial Protection Bureau (CFPB) were told Monday not to come to the office or do any work — as the agency became the latest target of ...
Boston.com4d
‘This is code red,’ Warren says of Musk targeting CFPB
The Trump administration moved to dismantle the Consumer Financial Protection Bureau over the weekend, provoking the ire of Sen. Elizabeth Warren. The senator, who played a pivotal role in the ...
What to know about the CFPB amid apparent DOGE efforts to shut it down
Dozens of employees with the Consumer Financial Protection Bureau were reportedly fired on Tuesday night as a part of the ...