The Trump administration, led by Acting CFPB Director Russ Vought, has been working diligently to unravel the Consumer Financial Protection Bureau (CFPB), a brainchild of progressive Sen. Elizabeth Warren (D-MA).
“The CFPB has been a woke & weaponized agency against disfavored industries and individuals for a long time. This must end,” Russ Vought, the Office of Management and Budget (OMB) Director and Acting Director of the CFPB, wrote in February.
The Trump Big Beautiful Bill cut the funding of the CFPB (which receives funding through the Federal Reserve, rather than the typical congressional appropriations process) by roughly half.
The Trump…
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