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. … […]
Category Archives: Consumer Financial Protection Bureau
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.
Video here, on Bluesky. Thanks to Phillip Robinson.
The NY Times report, by Ryan Mac and Stacy Cowley, is here. The Bureau already has a balance of over $700 million. As Bloomberg Law’s Evan Weinberger has pointed out, Trump’s first CFPB acting director, Mick Mulvaney, also declined to take money from the Fed for the CFPB and then ended up asking for quite a bit. The […]
The WSJ reports that “on Thursday the director of the bureau’s enforcement division told employees to continue working on litigation and investigation.” And American Banker’s Kate Berry has reported that the Bureau “has agreed to temporarily halt a rule that would ban medical bills from credit reports.”
As Adam posted yesterday, OMB Director Russell Vought has been named Acting Mulvaney CFPB Director. We can get a clue as to Vought’s views of the CFPB from Project 2025, of which Vought is said to have been an architect, Here is an excerpt, written before the Supreme Court upheld the CFPB’s constitutionality in CFSA: Congress […]
According to a Wall Street Journal article, recently confirmed OMB Chief has been named Acting Director of the CFPB, succeeding Treasury Secretary Bessent who had previously been designated to fill the role.- an ominous sign of things to come.