President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of ...

"If the FDIC is dismantled, all money in our banks would be at risk," Steele said. However, experts point out that for now, ...

Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s ...

The CFPB protects consumers by analyzing the practices of large financial institutions like banks, lenders, credit unions, and debt collectors to ensure they are not improperly targeting consumers.

Tierney L. Cross / Bloomberg via Getty Images Russell Vought took over as CFPB's acting chief last week Issuing a dozen directives Saturday, Vought asked CFPB staff to pause investigations and ...

"CFPB RIP," Musk wrote on X on Friday. The Consumer Financial Protection Bureau, a federal agency designed to prevent another financial crisis and protect people from scams, has halted most of its ...

Vought, the head of the Office of Management and Budget who also became the acting director of the CFPB on Friday, issued a notice to staff on Saturday demanding they “cease all supervision and ...

Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB in a Saturday night email confirmed by The Associated Press to stop work on proposed rules ...

The source told CNN that DOGE officials have been granted administrative access to CFPB systems, including content management system, back-end systems for the bureau’s website and the active ...

UPDATE: This story was updated Tuesday, Feb. 11 and Sunday, Feb. 9 to include the information about closing the CFPB headquarters and the Slate reporting. 1. Stop all supervision activity that has ...

Vought, also a Project 2025 author, was named acting director of the CFPB on Friday. "I am honored that President Trump designated me as Acting Director of the Bureau on February 7, 2025," Vought ...

Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C. Photo: Getty Images About 100 workers at the U.S. Consumer Financial Protection Bureau protested outside the agency’s ...