CFPB offices ordered closed, staff told cannot perform work tasks
Russell Vought (OMB Director/Acting CFPB Director) ordered CFPB headquarters shuttered Feb 9-10, told 1,700 staff to stay home and “cannot perform any work tasks.” Ordered stop to proposed rules, investigations. Plans 95% workforce reduction (1,700 to 200). August appeals court lifted injunction allowing mass layoffs. Agency returned $21B to consumers since 2011. Cannot be eliminated without Congress as created by Dodd-Frank.
Key Actors
Sources (4)
- The Trump administration has stopped work at the CFPB. Here's what the agency does (2025-02-10)
- Trump may proceed with dismantling and mass layoffs at CFPB, court rules (2025-08-01)
- Trump orders consumer protection agency to stop work, closes building (2025-02-10)
- CFPB can proceed with mass layoffs, federal appeals court rules (2025-08-01)
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