Richard Cordray

Musk's DOGE leads systematic CFPB shutdown, raising regulatory conflict concerns

| Importance: 9/10

The Trump administration, led by Elon Musk’s Department of Government Efficiency (DOGE), began a comprehensive dismantling of the Consumer Financial Protection Bureau (CFPB). Key actions included firing most of its 1,700 employees, closing its Washington headquarters, and effectively …

Donald Trump Elon Musk Linda Yaccarino Russell Vought Elizabeth Warren +4 more regulatory-capture tech-monopoly consumer-protection x-platform financial-services +1 more
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Trump's CFPB Director Mick Mulvaney Shuts Down Equifax Investigation, Exposing Regulatory Capture

| Importance: 9/10

Trump-appointed Acting CFPB Director Mick Mulvaney effectively shuts down the Consumer Financial Protection Bureau’s investigation into the Equifax data breach that exposed 147 million Americans to identity theft. After former Director Richard Cordray authorized a full-scale investigation in …

Mick Mulvaney Consumer Financial Protection Bureau (CFPB) Equifax Donald Trump Richard Cordray corruption regulatory-capture cfpb trump-administration corporate-impunity +2 more
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Wells Fargo Fined $185 Million for Creating 2 Million Fake Accounts

| Importance: 9/10

The Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, and Los Angeles City Attorney announce a combined $185 million settlement with Wells Fargo for the systematic creation of more than two million unauthorized deposit and credit card accounts. The CFPB assesses a $100 …

Wells Fargo John Stumpf Consumer Financial Protection Bureau (CFPB) Richard Cordray corporate-fraud banking-regulation wells-fargo regulatory-capture cfpb
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Dodd-Frank Act Creates Consumer Financial Protection Bureau to Regulate Predatory Lending

| Importance: 9/10

President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, establishing the Consumer Financial Protection Bureau (CFPB) to regulate consumer financial products and protect Americans from predatory lending practices. The CFPB was the brainchild of Harvard Law …

Barack Obama Elizabeth Warren Richard Cordray Consumer Financial Protection Bureau (CFPB) consumer-protection regulatory-capture predatory-lending financial-reform elizabeth warren +1 more
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