The decision, disclosed in a court filing, puts the Consumer Financial Protection Bureau on track to shut down in ‘early 2026’ when its remaining cash runs out.

White House Budget Director Russell Vought announced plans to close the Consumer Financial Protection Bureau within 2-3 months, contradicting the administration's legal stance. However, Vought may not ...

Advocates warn dropping the orders lets banks off the hook, leaving consumers with fewer protections from misconduct.

WASHINGTON (Reuters) -White House budget director Russell Vought said on Wednesday he wants to close the U. S. Consumer Financial Protection Bureau even though President Donald Trump's administration ...

President Donald Trump's clampdown on the U.S. Consumer Financial Protection Bureau earlier this year has compounded IT security lapses at the agency through the cancellation of contracts, according ...

Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision.

PALM BEACH GARDENS, FL, UNITED STATES, February 11, 2025 /EINPresswire.com/ -- In a significant shift, the Trump administration has effectively halted operations at ...