A federal court’s consideration of the Consumer Financial Protection Bureau’s plan to lay off employees is temporarily delayed pending the nomination of a new director. More than a year ago, the National Treasury Employees Union sued the CFPB’s Acting Director Russell Vought and others, seeking to halt the rushed attempt to mass fire employees and […]
Category Archives: Consumer Financial Protection Bureau
It’s not the biggest issue at the CFPB, but I really miss the old days of transparency. It’s hard to have any accountability if you don’t know what’s going on–or these days, not going on. This week, for the first time since he took over, Acting CFPB Director Vought will testify before Congress about the […]
Until recently, the CFPB had regional offices around the country, and of course, some employees were assigned to these offices. But according to Bloomberg Law’s Evan Weinberger, the Bureau has told the employees who worked at these offices that if they wanted to keep their jobs, they had only two weeks to decide whether they […]
Alisher Juzgenbayev, a J.D./Ph.D. Candidate at Northwestern, has written The Vanishing Enforcer: Consumer Protection in an Era of Dual Retrenchment, 120 Nw. L. Rev. 1449 (2026). Here’s the abstract: Recent developments, including reductions in the federal workforce, effective suspension of certain enforcement activities, and attempted centralization of independent agency rulemaking in the White House, have […]
That is one of the questions Georgetown’s Steve Vladeck raises in today’s edition of his One First newsletter. Some background: the Department of Justice has made various arguments in an environmental case against the lawfulness of citizen suits to enforce environmental laws. Some of the arguments are not relevant to private claims to enforce consumer […]
The order is here. Reuters has a story here. The district court is to consider in the first instance how to respond to the administration’s absurd proposal to cut more than half the Bureau’s employees.
Back in 2023, Brian Johnson testified before the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy during a hearing on the CFPB. The testimony offers clues as to what Johnson thinks. It includes a long list of items where Johnson seems to think the Bureau had gone astray. I picked out four […]
American Banker’s Kate Berry has the story here. Johnson served as former CFPB director Kathy Kraninger’s second-in-command during the first Trump administration. It remains to be seen whether he is more like Vought or Kraninger or goes in a different direction but I can’t say I’m optimistic.
At Ballard Spahr’s Consumer Finance Monitor podcast. From the episode description: Amelia advances a bold thesis in her article: that consumer protection law, and particularly consumer financial protection law, may be the most impactful body of law in the United States. She further argues that the strength of consumer protection laws may serve as a […]
As reported by Bloomberg’s Evan Weinberger, the CFPB has removed from its website all public statements made before February 2025. That includes reports like the Bureau’s extensive arbitration study. Somehow, I am not surprised.