Cara Petersen, acting enforcement director of the CFPB, resigned after criticizing the Trump administration’s systematic dismantling of the agency. She highlighted dramatic staff cuts from 1,750 to potentially 200 employees, dismissal of over 20 enforcement cases, and the elimination of key …
Donald TrumpTrump AdministrationCara PetersenRussell VoughtMark Paolettaregulatory-capturetrump-administrationcfpbinstitutional-capture
Gavin Kliger, a Trump Administration Department of Government Efficiency aide, helped orchestrate massive layoffs at the Consumer Financial Protection Bureau (CFPB) while holding significant stock in companies the agency regulates. Kliger managed approximately 90% of over 1,400 employee …
Donald TrumpTrump AdministrationGavin KligerDOGEregulatory-capturecfpbtrump-administrationconflict-of-interest
The CFPB dismissed a lawsuit against Comerica Bank that had accused the bank of systematically mistreating 3.4 million federal benefits cardholders through disconnected customer service, illegal fees, and mishandled fraud complaints. The lawsuit, originally filed in December 2024 by then-Director …
Donald TrumpTrump AdministrationRohit ChopraComerica BankBank of New York Mellonregulatory-capturegovernment-contractsjustice-weaponizationcfpbtrump-administration
Russell Vought, acting CFPB director and Project 2025 author, orders CFPB offices to close and notifies staff they ‘cannot perform any work tasks,’ effectively shutting down agency that oversees consumer financial protections.
Russell VoughtCFPBTrump Administrationcfpbagency-eliminationconsumer-protectionregulatory-captureproject-2025
After Capitol One donated $1 million to President Trump’s inauguration fund, the Trump Administration ended a Consumer Financial Protection Bureau (CFPB) case against Capital One involving allegedly misleading consumers about interest payments.
Capital OneDonald TrumpCFPBcorruptioncapital-oneregulatory-capturecfpbinauguration-fund+1 more
Consumer Financial Protection Bureau employees were ordered to “stand down from performing any work task” as headquarters was shuttered through February 14. Acting Director Russell Vought and chief legal officer Mark Paoletta halted all CFPB operations unless specifically cleared, …
Russell VoughtMark PaolettaGavin KligerDOGECFPBcfpbconsumer-protectionagency-shutdowndogemass-layoffs
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 …