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DOGE targets Consumer Financial Protection Bureau
Consumer financial watchdog is ordered by acting director to stop fighting financial abuse
Russell Vought, the newly installed acting director of the Consumer Financial Protection Bureau, sent an email Saturday night ordering all employees at the consumer watchdog to stop virtually all work — including fighting financial abuse.
Trump administration halts work at fraud-fighting Consumer Financial Protection Bureau
The CFPB is an independent government agency tasked with protecting consumers and enforcing rules for banks, credit unions and other lenders.
DOGE rooted into Consumer Financial Protection Bureau as new acting head named
The Consumer Financial Protection Bureau is an outlet for Americans dealing with issues such as questionable student loan servicing practices or excessive bank overdraft fees.
1h
CFPB’s Funding Gets Cut Off After Russell Vought Takes Over Consumer Protection Agency
Vought said Saturday he notified the Federal Reserve the CFPB will not receive its next draw of federal funding—claiming it’s “not ‘reasonably necessary’ to carry out [the agency’s] duties”—amid ...
5d
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...
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