5 days ago · WASHINGTON (AP) — 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.. Russell Vought, the newly installed director of the Office of Management and …

5 days ago · The Trump administration orders a shutdown of the Consumer Financial Protection Bureau, halting inquiries and new rules. ... The CFPB was created after the 2008 banking recession to protect ...

4 days ago · It's the main U.S. agency tasked with overseeing the financial products and services used by everyday Americans. The CFPB's new head has closed its offices and told staff to stay home.

2 days ago · Protestors spoke out against the decision to shut down the CFPB at the closed headquarters, including Sen. Elizabeth Warren and Rep. Maxine Waters. "The CFPB is the cop on the beat, and that cop ...

5 days ago · The Consumer Financial Protection Bureau (CFPB) will be shut down for a week, according to multiple reports.. The CFPB’s Chief Operating Officer Adam Martinez said in a Sunday email that there ...

Feb 3, 2025 · Bessent ordered the CFPB to stop all rulemaking, communications, litigation, and other activities, according to a Monday email to staff obtained by Bloomberg Law. Bessent took over the CFPB as acting director after President Donald …

5 days ago · The CFPB says that it has obtained nearly $20 billion in financial relief for U.S. consumers since its founding in the form of canceled debts, compensation, and reduced loans. Last month, the ...

5 days ago · Elon Musk, lawmakers react to CFPB work stoppage "Vought is giving big banks and giant corporations the green light to scam families," Massachusetts Sen. Elizabeth Warren, who played a big role in ...

5 days ago · The CFPB did not respond to CNN’s request for comment. ... adding to a pile of challenges against DOGE and the Trump recent administration’s decisions to shut down parts of the federal ...

4 days ago · Elon Musk has got to go!” “So Elon Musk wants to shut down the C.F.P.B., but we’re here to say we’re going to shut down Elon Musk’s illegal operation.” “We’re going to work now to ...