We posted the White House statement on the CFPB earlier today. Just to remind you, it calls the CFPB a “woke, weaponized arm of the bureaucracy that leverages its power against certain industries and individuals disfavored by so-called “elites” and then gives what purport to be examples of that conduct. One of the examples is […]

Here. The whole article is worth a read, but here’s an excerpt: Sources tell the Prospect that industry trade groups are alarmed at the rapid dissolution of the CFPB, which puts things in a far more uncertain state than before it was established in 2010. Even regulated industries acknowledge that CFPB contributed to the smooth functioning of […]

Here. (confession: I haven’t watched the video yet).

Here’s the text, with apologies for the formatting:   FOR IMMEDIATE RELEASE 02/10/25 CFPB Isn’t a Wall Street Regulator, It’s a Main Street Regulator New polling from CBS News shows Americans are overwhelmingly positive about President Donald J. Trump’s return to office and his commitment to making good on his promises.   The Consumer Financial […]

Marisa Kabas posted the email here.

The complaint to stop the shutdown is here. A second complaint, to stop the disclosure of employee information to DOGE, is here. It’s hard to square complaints about government waste with government employees suing so they can get back to work.

. . . can be read at Credit Slips. As usual, Adam makes some very thoughtful points.

From Kate Berry’s American Banker article, CFPB’s Vought stops agency work, vows to cut all funding: Several CFPB employees reached out to reporters saying they are fearful and feel threatened by a video of Vought vowing to traumatize the federal civil service workforce. In the video, Vought says, “We want the bureaucrats to be traumatically affected. … […]

Remember how when Mick Mulvaney became the acting CFPB director, he published an op-ed in the WSJ tilted “The CFPB Has Pushed Its Last Envelope.” The subhead was “We will exercise our power with humility and prudence to enforce the law faithfully.” Here’s the first paragraph: When I arrived at the Consumer Financial Protection Bureau […]

I haven’t seen the actual email but that’s what I’m hearing. Hard to square with the idea that DOGE is ending remote government work–unless you conclude that their real goal is simply to prevent government employees from doing their jobs.