2 days ago · WASHINGTON (AP) — The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.. Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB, in a Saturday night ...

1 day ago · The Consumer Financial Protection Bureau (CFPB) will be shut down for a week, according to multiple reports.. The CFPB’s Chief Operating Officer Adam Martinez said in a Sunday email that there ...

2 days ago · The Trump administration orders a shutdown of the Consumer Financial Protection Bureau, halting inquiries and new rules. ... The CFPB was created after the 2008 banking recession to protect ...

13 hours ago · The moves were billed as a temporary shutdown to assess the CFPB's policies and practices, but they have raised concerns about the administration's intentions for the agency. Sen. Elizabeth Warren, D-Mass., the committee's ranking member and a key architect of the CFPB before joining Congress, said the shutdown amounted to telling police ...

2 days ago · The CFPB's new acting director, Russell Vought, told workers on Monday to "not perform any work tasks." It comes after a Sunday email telling employees not to come into the office.

2 days ago · The CFPB says that it has obtained nearly $20 billion in financial relief for U.S. consumers since its founding in the form of canceled debts, compensation, and reduced loans. Last month, the ...

1 day ago · Elon Musk has got to go!” “So Elon Musk wants to shut down the C.F.P.B., but we’re here to say we’re going to shut down Elon Musk’s illegal operation.” “We’re going to work now to ...

1 day ago · The CFPB is an independent government agency established by Congress in the wake of the 2008 financial crisis to protect consumers from corporate fraud and scams.

2 days ago · The CFPB did not respond to CNN’s request for comment. ... adding to a pile of challenges against DOGE and the Trump recent administration’s decisions to shut down parts of the federal ...

Feb 3, 2025 · Bessent ordered the CFPB to stop all rulemaking, communications, litigation, and other activities, according to a Monday email to staff obtained by Bloomberg Law. Bessent took over the CFPB as acting director after President Donald …