Republicans have long wanted to kill the CFPB. With Musk and Russell Vought, they may finally have their chance.
The future of the Consumer Financial Protection Bureau is in limbo after the Trump administration told the bureau’s employees to suspend their work. Thursday, Russell Vought was confirmed as the head of the Office of Management and Budget and acting director of the CFPB.
The Consumer Financial Protection Bureau–an agency that oversees financial regulations in the U.S. States–has come to a standstill under the leadership of its new acting head, Russell Vought. Vought issued a series of directives Saturday,
After the Trump administration issued a stop-work order, the Consumer Financial Protection Bureau established a tipline for the public to report, not on corporate violations, but on any
Fox News mentioned key consumer protection measures from the Consumer Financial Protection Bureau only once in its scant coverage of the bureau since Russell Vought, an architect of Project 2025, took over as acting director on February 7 and began gutting agency functions.
The Consumer Financial Protection Bureau staff has been told to “stand down” from all work by Russell Vought, Donald Trump appointee and the director of the United States Office of Management and Budget.
President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ordered the watchdog agency to stop nearly all of its work. On Saturday, CFPB chief Russell Vought sent the directive to the agency’s staff,
The Trump administration has significantly weakened the U.S. Consumer Financial Protection Bureau (CFPB), leaving consumers vulnerable to unfair financial practices. Acting chief Russell Vought halted the
The agency is at a virtual standstill after Musk's Department of Government Efficiency and Russell Vought, the leader of the White House budget office and now acting director of the CFPB, took control.
Consumer and employees groups are seeking a restraining order against CFPB acting Director Russell Vought, arguing that he was unlawfully installed and has "no power to direct" the bureau.
Two senior officials at the Consumer Financial Protection Bureau are out of a job days after Russell Vought took over as interim director of the agency and ordered all work sto
The moves were spearheaded by powerful Trump ally Elon Musk, a CFPB critic, and Russell Vought, who heads the White House’s Office of Management and Budget. The events put the future of the CFPB in doubt.