The Trump administration had tried to defund the Consumer Financial Protection Bureau, which acts as a guardrail for the safety of the financial system.
Category: Vought, Russell T
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Consumer Bureau’s Bank Examiners Criticize New ‘Humility Pledge’
The Consumer Financial Protection Bureau said it would require a vow to “work collaboratively” with companies before beginning a review.
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The Fed Is Cutting Bank Oversight. Critics See Risks.
The regulator is cutting staff and easing oversight in ways that critics say might make supervisors less equipped to spot a crisis in advance, risking deeper damage to the economy.
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As Consumer Bureau’s Cash Dwindles, Trump Administration Declares Its Funding Illegal
The Justice Department embraced a novel conservative legal theory that it said blocked the Federal Reserve from funding the agency.
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Groups Sue to Reverse Trump’s Cuts to Energy Projects in Democratic States
A lawsuit filed on Monday argued that the president has discriminated against blue states by slashing federal funds for political leverage during the shutdown.
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Food Stamp Cuts Expose Trump’s Strategy to Use Shutdown to Advance Agenda
The president has stretched the limits of his powers to help those at the heart of his agenda, not the many in greatest need.
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Trump Administration Seeks to Return Medical Debt to Credit Reports
A federal rule restricting the debt’s inclusion has been canceled. Now, the consumer bureau is trying to overturn state restrictions.
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How Trump Reprogrammed Funds to Pay Some Workers During the Government Shutdown
By paying troops and law enforcement officials, the president stretched the limits of his spending powers, posing a fresh test to Congress.
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White House Signals Federal Layoffs Have Begun During Shutdown
The head of the White House budget office said on Friday that reductions in force had started.
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Mass Layoffs Trump Is Threatening in Shutdown Fight May Be Illegal
Unions have sued to block any firings, which budget experts believe are not even needed to protect essential federal services.
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Trump Aimed Shutdown Cuts at Democrats, but G.O.P. Districts Are Hit, Too
As the president cancels projects in Democratic-run states, he is cutting money that benefits his own party’s lawmakers in some of the most competitive House districts.
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Trump Seizes on Shutdown to Punish Political Foes
The White House has cut or paused billions in funding to Democratic-run cities and states since the federal government came to a halt.
