Trump Administration Halts CFPB Operations, Freezing Consumer Protection Investigations

| Importance: 8/10 | Status: confirmed

Russell Vought, as part of the Trump administration, ordered a complete work stoppage at the Consumer Financial Protection Bureau (CFPB), effectively suspending all ongoing investigations, rule-making, and consumer protection activities. The order closed CFPB headquarters and directed employees to cease all work, representing a significant disruption to federal consumer financial oversight.

Key Actors

Donald Trump Russell Vought Elizabeth Warren

Tags

regulatory-capture justice-weaponization financial-regulation consumer-protection

Sources (3)

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