The Trump administration moves to shutter federal consumer finance watchdog

[mahatmakanejeeves]

Source: Quartz

The Trump administration moves to shutter federal consumer finance watchdog

The CFPB hangs in the balance -- as do thousands of federal jobs, after a judge on Wednesday temporarily blocked mass firings for two weeks

By Joseph Zeballos-Roig
Published 4 hours ago

The White House is moving to close down the Consumer Financial Protection Bureau by the start of next year, seizing on the government shutdown in an attempt to accomplish a conservative goal of shuttering the federal watchdog.

White House Budget Director Russell Vought said in a podcast interview on Wednesday he intended to close the agency within the next three months, a move that could spark a legal battle given the legislative branch's jurisdiction over the CFPB.

"We don't have anyone working there except our Republican appointees and a few careers that are doing statutory responsibilities while we close down the agency," Vought said on The Charlie Kirk Show," a conservative podcast. He added it had the "DNA of Elizabeth Warren," the Democratic senator who was the agency's chief architect. ... The Office of Management and Budget did not respond to a request for comment.

The embattled agency has long been a target for Republicans seeking to scale back what they view as government overreach. Since the start of the year, the Trump administration has decimated the CFPB with sweeping layoffs that have generated court challenges. Currently, Vought serves as the CFPB's acting director. Other career officials have long left and about 200 employees remain at the agency. Around 1,400 CFPB employees were fired this year.

{snip}

Read more: https://qz.com/cfpb-vought-shutdown-trump

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Whoops. In It To Win It already has the story over in GD, which I did not know when I posted. Sorry.

https://www.democraticunderground.com/100220723672

White House budget director Vought plans to shut down CFPB within months

https://www.reuters.com/business/world-at-work/white-house-budget-director-vought-says-over-10000-federal-workers-could-be-laid-2025-10-15/

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Reposted by Kevin M. Kruse
https://bsky.app/profile/kevinmkruse.bsky.social

There's literally no reason for Congress to exist if any random freak in the presidential orbit can nullify laws and seize federal funds. All of this is plainly illegal, but Mike Johnson leads the most corrupt Congress in US history (and by a wide margin.)

— Hunter (@hunterub.bsky.social) 2025-10-15T23:02:35.925Z

*****
https://bsky.app/profile/Hunter
‪@hunterub.bsky.social‬

There's literally no reason for Congress to exist if any random freak in the presidential orbit can nullify laws and seize federal funds. All of this is plainly illegal, but Mike Johnson leads the most corrupt Congress in US history (and by a wide margin.)

‪Reuters‬
‪@reuters.com‬
· 6h
White House budget director Vought plans to shut down CFPB within months, says it's no longer protecting consumers reut.rs/4qjMIyT

White House budget director Vought plans to shut down CFPB within months, says it's no longer protecting consumers
White House budget director Russell Vought said he wants to close the Consumer Financial Protection Bureau and expects to do so within the next two to three months.
reut.rs
October 15, 2025 at 7:02 PM
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White House budget director Vought plans to shut down CFPB within months, says it's no longer protecting consumers reut.rs/4qjMIyT

— Reuters (@reuters.com) 2025-10-15T18:10:13Z

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Reuters
‪@reuters.com‬

White House budget director Vought plans to shut down CFPB within months, says it's no longer protecting consumers

https://www.reuters.com/business/world-at-work/white-house-budget-director-vought-says-over-10000-federal-workers-could-be-laid-2025-10-15/

White House budget director Vought plans to shut down CFPB within months, says it's no longer protecting consumers
White House budget director Russell Vought said he wants to close the Consumer Financial Protection Bureau and expects to do so within the next two to three months.
reut.rs
October 15, 2025 at 2:10 PM
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[BlueWaveNeverEnd]

1. Comsumers are Democrats and Republican

[bsiebs]

2. The demented madman sees the department...

… as a department started under Obama and championed by Senator Warren…. That is all the reason he needs to want to destroy it.. he does not care about anything but himself and his retribution…

[valleyrogue]

4. Trump isn't actually running the government--it is Vought and Miller.

They are MUCH worse than the madman figurehead.

[valleyrogue]

3. Vought is a fucked up piece of shit.

THIS is the deranged individual who is running the show, and he needs to be GONE.

[PSPS]

5. This was going to happen regardless of any "shutdown."

The last thing republicans want is for their marks to have any recourse after they rip them off.

[BaronChocula]

6. "But there's no difference between the two parties"

says the uninformed American about to get totally screwed by the banks.