Consumer Financial Protection Bureau Ordered to Halt Oversight Activities

MAGA vowed to 'fight debanking' conservatives — only to gut consumer protection agency doing just that

Although President Donald Trump was critical of the Consumer Financial Protection Bureau (CFPB) during his first administration, Trump and his allies are attacking it more aggressively in his second term. The Hill's Julia Shapero reports that the second Trump Administration is "moving rapidly to gut" the CFPB by "halting the agency's work, cutting off its funding and shutting down its headquarters." And a CPFB employee, interviewed on condition …

Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says

Elon Musk has said he wants to "delete" the Consumer Financial Protection Bureau.Shawn Thew/Getty ImagesThe Consumer Financial Protection Bureau's HQ was shut down on Sunday.Elon Musk, head of the Department of Government Efficiency, wants to eliminate the agency.The first director of CFPB told BI that Musk's calls to dismantle the bureau are "totally unethical."The first director of the Consumer Financial Protection Bureau warned against elimin…

CFPB, saving Illinois consumers from corporate wrongdoing, goes dark in Trump attack on federal agencies

The Consumer Financial Protection Bureau has been kneecapped in the latest attack on a government institution by the Trump administration. The federal agency has helped curtail burdensome bank overdraft fees, enforced lending laws that protect military service members and helped nearly 23 million people get medical debt taken off their credit reports. On Monday, the CFPB's website displayed a notice on its home page saying, “404: Page not found,…

Agency Employees Told To Stay Home And Halt All Work * 100PercentFedUp.com * by Danielle

Consumer Financial Protection Bureau (CFPB) employees received a memo instructing them to stay home and “stand down from performing any work task.” According to the New York Post, the agency employs nearly 1,700 people. “Good morning CFPB staff, As you have been informed by the Chief Operating Officer in an email yesterday, the Bureau’s DC headquarters building is closed this week. Employees should not come into the office,” Russ Vought, the new…

Consumer Financial Protection Bureau on Brink of Being Shuttered After Saving Consumers $21 Billion

The Trump administration has effectively shut down the Consumer Financial Protection Bureau. The bureau’s acting director, Russell Vought, who was the architect of Project 2025, has closed the bureau’s office for the next week and has ordered staff to halt nearly all work. Vought’s move came after Elon Musk wrote a message Friday on X that said ”CFPB RIP” along with an emoji of a tombstone. Since its formation in 2011, the bureau has helped retu…

Trump team orders work pause at agency

The administration of US President Donald Trump has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP. In the message to staff, Russell Vought, the acting director of the Consumer Financial Protection Bureau, said the CFPB's Washington office would be closed this week, and told employees not to show up. "Please do not pe…