The Latest Breaking News from Russell Vought

Scrubbing credit reports won’t erase debt—it will just make borrowing harder for low-income Americans.

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

The CFPB has returned more than $17 billion to Americans — and dozens of its workers were laid off on Tuesday night

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration

Top officials are reportedly urging Republican senators to fast-track the funds

OMB Director Vought defends budget cuts and emphasizes legality. Border security funding discussions ongoing.

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

Sen. Elizabeth Warren says there are "zero cops" overseeing the consumer lending market after the CFPB headquarters were shuttered and workers told to stay home.

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.

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.