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The Latest Breaking News from CFPB

Elon Musk, Crypto Leaders Laud 'Unplugging' Of CFPB, Critics Push Back

Elon Musk and some crypto executives celebrated the Trump government's work on shutting down the CFPB, raising questions among other crypto users and X commenters about whether they actually cared about the financial welfare of Americans.

International Business Times

Trump Blasts 'Pocahontas' Sen. Warren, Says Reporter Has 'More Indian Blood Than She Has'

Donald Trump on Monday revived talks around Sen. Elizabeth Warren's Native American ancestry, calling the Democratic lawmaker a "fake," and accusing her of using the CFPB to "go around and destroy people."

International Business Times

President Trump's Removal Letter of NLRB Member Gwynne Wilcox

The President did offer some potential causes for removal.

Reason

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President Trump Aims To Eliminate Consumer Financial Protection Bureau

President Trump reiterates his goal to eliminate the CFPB, raising questions about its future and operational status.

Top News

Union Sues Over US Consumer Protection Agency Work Pause

The National Treasury Employees Union brought two court cases against acting CFPB director Russell Vought, accusing him of trying to shut down the agency -- which was created by Congress -- and of giving the Elon Musk-led Department of Government Efficiency (DOGE) access to employees' personal information.

International Business Times

These federal workers fear ‘blackmail’ in wake of DOGE access to their personal info

There are “no known security constraints and zero oversight” preventing Elon Musk’s callow crew from obtaining and disseminating highly sensitive personnel data, according to a lawsuit the employees’ union filed Sunday

The Independent UK

Trump Team Orders Work Pause At US Consumer Protection Agency

US President Donald Trump's administration 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. The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial…

International Business Times

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Vought moves to kill CFPB

In an email sent Monday, OMB Director Russ Vought told CFBP staff to stay home and stop working

Salon

Consumer Financial Protection Bureau Headquarters Shut Down: 'Employees Should Not Come Into The Office'

The Consumer Financial Protection Bureau (CFPB) has abruptly closed its Washington headquarters, ordering staff to work remotely without explanation.

International Business Times

CFPB Director Orders Staff To Stop Working Completely

Acting CFPB director's directive to halt work activities raises concerns about consumer protection and financial oversight.

Top News

California Teachers Make 6 Figures on Average. Now They Demand More.

Plus: Steel and aluminum tariffs, Venezuelan sanctions and deportations, and more...

Reason

Elon Musk's Growing Influence On Government Agencies

Elon Musk's influence on government agencies like the CFPB raises concerns about accountability and consumer protection.

Top News

Trump Administration Orders Shutdown Of Consumer Financial Protection Bureau

Trump administration directs CFPB to halt operations, raising concerns about consumer protection efforts.

Top News

Plaid has boomed since its failed $5.3 billion Visa merger. Now its CEO is predicting a fintech summer

How will the chaotic environment in D.C. impact the financial technology sector?

Fortune

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Reason

The Flip-Side to CFPB v. CFSAA: What if the Director Requests $0 in appropriations?

Congress has no role in funding the CFPB. The Director can request as much as is "reasonably necessary." What if he decides that amount is $0?

Top News

CFPB Headquarters In DC Closed For Undisclosed Reasons

CFPB headquarters in DC closed for a week without explanation after leadership changes. Employees instructed to work remotely. Elon Musk's tweet and govern...

Top News

Republican Sen. Bill Hagerty Defends Cease Work Order For CFPB

Republican Sen. Bill Hagerty defends cease work order for CFPB and supports closing USAID for national security alignment.

International Business Times

'CFPB RIP!' Russell Vought Halts Key Bureau Activities

The agency's website displays an error message, and its X account has also been removed.

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Top News

Russell Vought Appointed Acting Director Of Consumer Financial Protection Bureau

Elon Musk's team reportedly gained access to and deleted CFPB's X account, causing dismay and anger.

Salon

"Debanking" dispute reaches Congress

Republicans held congressional hearings on crypto industry claims that traditional banks won't serve them

Reason

The Hughes Court Repudiated FDR In Humphrey's Executor, and the Roberts Court Will Repudiate Trump by Maintaining Humphrey's Executor

The separation of politics, not the separation of powers, will decide Wilcox v. Trump.

The Guardian - US

Medical debt reforms threatened by Trump pause on new regulations

Treasury secretary paused all work at Consumer Financial Protection Bureau, agency that was enacting reform

The Independent UK

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

Consumer Financial Protection Bureau has been a target of Republicans for years

Salon

Consumer agency is latest Trump purge

Treasury Secretary Scott Bessent has begun freezing work at the federal agency

Top News

Treasury Secretary Bessent Named Acting Director Of CFPB

Scott Bessent appointed as acting director of CFPB following Chopra's termination. Analysts speculate on potential shifts in agency's approach under new le...

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