New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'
1 month, 2 weeks ago

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'

NPR  

New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks' toggle caption Kayla Bartkowski/Getty Images Staff and contractors at the Consumer Financial Protection Bureau have been told they cannot "perform any work tasks," according to an internal email obtained by NPR on Monday. The new directive from the CFPB's acting director, Russell Vought, on Monday comes after the agency closed the bureau's Washington headquarters for the week and told staff to work remotely. Representatives of Elon Musk's Department of Government Efficiency team were seen at the headquarters on Friday, according to the union representing CFPB staff, and have been granted access to key systems, stirring concerns about the fate of the vast amount of sensitive information maintained by the bureau. Musk posted on his personal X account on Friday: "CFPB RIP" — though it is not clear there have been any reductions or changes to the agency's staff yet.

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History of this topic

Consumer Financial Protection Bureau won't be deleted, Trump administration says
3 weeks, 3 days ago

Consumer Financial Protection Bureau won't be deleted, Trump administration says

Salon  

The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. Related Overdraft fees to be limited under new rule “The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” Vought said in the …

Trump admin creates snitch line for companies to report CFPB staff protecting consumers
1 month, 1 week ago

Trump admin creates snitch line for companies to report CFPB staff protecting consumers

Raw Story  

Russ Vought, acting director of the Office of Management and Budget, confirmed that the Trump administration has set up a "tip line" for companies to snitch on employees of the Consumer Financial Protection Bureau who are doing their jobs despite a work stoppage order. On Thursday, Vought said the X account had been created so that companies could report staffers …

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming
1 month, 1 week ago

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming

NPR  

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming toggle caption Saul Loeb/AFP via Getty Images/AFP Some 70 to 100 employees of the Consumer Financial Protection Bureau were laid off Thursday, according to three current employees with knowledge of the situation who did not want to be identified for fear of also being …

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming
1 month, 1 week ago

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming

NPR  

Up to 100 more workers are fired at CFPB as staff fear mass layoffs are looming toggle caption Saul Loeb/AFP via Getty Images/AFP Some 70 to 100 employees of the Consumer Financial Protection Bureau were laid off Thursday, according to three current employees with knowledge of the situation who did not want to be identified for fear of also being …

I Work at the Latest Agency Being Targeted by Musk. We Just Received This Shocking Email.
1 month, 1 week ago

I Work at the Latest Agency Being Targeted by Musk. We Just Received This Shocking Email.

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. As this was unfolding, the administration permitted billionaire Elon Musk and his Department of Government Efficiency underlings to enter the CFPB headquarters, where they reportedly accessed internal systems including personnel rolls and financial records. On Saturday night, Vought sent …

Two top CFPB officials resign after being ordered to stop all work
1 month, 1 week ago

Two top CFPB officials resign after being ordered to stop all work

NPR  

Two top CFPB officials resign after being ordered to stop all work toggle caption Jacquelyn Martin/AP/AP The directors of supervision and enforcement at the Consumer Financial Protection Bureau stepped down on Tuesday morning, with both citing the stop work orders issued in recent days by the agency's acting Director Russell Vought. The resignations by supervision head Lorelei Salas and enforcement …

Former CFPB Director Rohit Chopra discusses actions taken against the agency
1 month, 1 week ago

Former CFPB Director Rohit Chopra discusses actions taken against the agency

NPR  

Former CFPB Director Rohit Chopra discusses actions taken against the agency MICHEL MARTIN, HOST: The government agency that's supposed to protect Americans from financial abuse is more or less closed this morning. MARTIN: So for those who don't know what the CFPB does, can you give us one or two examples of the work of the agency? Whether it's a …

The Trump administration has stopped work at the CFPB. Here's what the agency does
1 month, 1 week ago

The Trump administration has stopped work at the CFPB. Here's what the agency does

NPR  

The Trump administration has stopped work at the CFPB. Here's what the agency does toggle caption Anna Moneymaker/Getty Images North America The main U.S. agency tasked with overseeing the financial products and services used by everyday Americans — from credit cards to checking accounts to home loans — is the latest target of the Trump administration's effort to remake the …

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations
1 month, 1 week ago

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations

Huff Post  

LOADING ERROR LOADING The lead architect of Project 2025 and recently appointed acting director for the Consumer Financial Protection Bureau has told the agency’s employees to essentially halt all operations ― the Trump administration’s latest move to roll back consumer protections against corporate giants. In a Saturday email obtained by several news outlets, Russell Vought ordered the federal financial industry …

Trump administration orders consumer protection agency to stop work, closes building
1 month, 1 week ago

Trump administration orders consumer protection agency to stop work, closes building

Associated Press  

▶ Follow live updates on President Donald Trump and his new administration. The email also ordered the bureau to “cease all supervision and examination activity.” On Sunday, administration officials also said that the CFPB’s headquarters in Washington, D.C. would be closed the week of Feb. 10 through Feb. 14, according to an email obtained by The Associated Press. And the …

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head
1 month, 2 weeks ago

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Bessent issued a temporary pause on bureau activity while the …

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
1 month, 2 weeks ago

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work

NPR  

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work toggle caption J. Scott Applewhite/AP Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved …

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