Trump Administration Moves to Curtail Consumer Financial Protection Bureau

The CFPB faces mass layoffs, halted operations, and an uncertain future as the White House critiques its role in consumer advocacy.

Acting CFPB Director Russell Vought has suspended all agency activities, including rulemaking, investigations, and stakeholder engagement.
The Trump administration has ordered layoffs of probationary employees and ceased the CFPB's funding requests from the Federal Reserve.
Critics argue these actions will leave consumers vulnerable to predatory financial practices, citing the agency's role in addressing complaints and securing billions in consumer relief.
Supporters of the CFPB highlight its unique focus on consumer advocacy, with cases often resolved quickly and effectively, unlike other federal regulators.
A federal judge has temporarily blocked further layoffs and data deletion at the CFPB, leaving its long-term viability in question.