As Musk, Trump administration target CFPB, Democrats defend consumer watchdog
The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard Americans against unfair business practices, is the newest target of Elon Musk and the Trump administration.
Trump Vs. CFPB: Russ Vought Orders Consumer Financial Protection Bureau To Stop Work
Feb. 9 The National Treasury Employees Union, which represents CFPB employees, sued Vought, asking a judge to stop him from halting the bureau’s work and alleging he granted staffers from Musk’s Department of Government Efficiency access to CFPB’s internal communications systems, NBC reported.
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.
Is Trump hurting or helping Americans by freezing Consumer Financial Protection Bureau?
The Trump administration's got its eyes on the Consumer Financial Protection Bureau. What's at stake for Americans? Experts weigh in.
What's at stake for consumers as Trump officials target the CFPB
The Consumer Financial Protection Bureau’s recent rules on overdraft and credit card late fees are in jeopardy, while others face an uncertain future.
Consumer Financial Protection Bureau to shutter for a week
The closure of the CFPB, established after the 2008 financial crisis, follows a visit Friday by members of Elon Musk’s U.S. DOGE Service team.
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.
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
Richard Cordray, the first director of the CFPB, told BI that Elon Musk's call to dismantle the agency is a 'direct conflict of interest.'
Consumer protection agency neutralized by Trump's new chief
Elon Musk's efficiency department has access to computer systems at an agency that would likely regulate one of his pending ventures and its competitors.
The CFPB is Elizabeth Warren’s creation. Now she’s trying to fight off its biggest threat yet.
Are you ready to fight for the little agency that fights for us?” the Massachusetts Democrat told a crowd of about 300 CFPB ...
New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'
The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at ...
‘This is code red,’ Warren says of Musk targeting CFPB
The Consumer Financial Protection Bureau says it's returned more than $20 billion to consumers. The world's richest man has ...
Federal employees union files lawsuits over CFPB shutdown and DOGE access
A union representing employees across dozens of federal agencies filed two lawsuits on Sunday against the acting director of ...
The CFPB tells its workers to 'not perform any work tasks' this week while it shuts down its DC headquarters
CFPB employees must "get approval in writing" to do any work this week, acting director Russell Vought wrote in an email.
Vought closing CFPB headquarters for a week, staff ordered to work remotely
An email sent to staff said, "Employees and contractors are to work remotely unless instructed otherwise from our Acting ...
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 ...
Trump administration orders 1,700 CFPB workers to stay home
Workers at the federal government's consumer finance watchdog in Washington were told  to stay home Monday after the acting ...
Trump's White House Is Disabling the CFPB. What to Know—and What's Next
Key Takeaways The acting director of the Consumer Financial Protection Bureau asked employees to stop much of their work, ...